Tagged incheon

Mohegan Sun to break ground in South Korea by end of year

July 31, 2017

Latest Casino and Gambling News, New Hotels, Casino project updates, Economy/Finance, South Korea

Mohegan Gaming & Entertainment (MGE), headquartered in Uncasville, Connecticut announced late last week that the company plans to break ground on the Inspire Integrated Resort adjacent to the Incheon Intern...

Boyuan Qu earns first PokerStars Festival Korea High Roller event win

Sadonna Price

July 22, 2017

Latest Casino and Gambling News

The first ever PokerStars Festival Korea took place this month, beginning on July 14th and continuing until the 24th. The festival was hosted by Paradise City of Incheon and provided poker players with several ...

Paradise City Incheon set to welcome APT Korea 2017 in August

Adam Morgan

June 5, 2017

Latest Casino and Gambling News, Poker Tournaments, South Korea

A little over six weeks after opening and the Paradise City Incheon integrated casino resort in South Korea has already managed to snag its first major land-based poker tournament series after announcing that t...

Mohegan Tribal Gaming Authority signs Inspire Integrated Resort deal

Adam Morgan

May 9, 2017

Latest Casino and Gambling News, Casino proposals, Mergers, Acquisitions & Partnerships, South Korea

American tribal casino operator the Mohegan Tribal Gaming Authority has reportedly “executed important agreements” with Incheon International Airport Corporation regarding its plan to build a $5 billion integra...

First integrated casino resort opens in South Korea

Lars Jones

April 22, 2017

Latest Casino and Gambling News, Casino openings, Casino project updates, South Korea

Thursday saw the opening of Paradise Sega Sammy's Paradise City in Yeongjongdo, South Korea in the location of the former Paradise Incheon Casino which was mostly absorbed into the new development. The resor...

Lippo Limited officially offloads entire stake in South Korean casino project

Adam Morgan

March 14, 2017

Latest Casino and Gambling News, Casino project updates, Mergers, Acquisitions & Partnerships, South Korea

After announcing a year ago that it intended to withdraw from a joint venture that was hoping to bring a casino to the South Korean city of Incheon, real estate developer Lippo Limited has now fully exited the ...

Mixed results for South Korean casino operator

Adam Morgan

March 7, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has released its financial results for February showing that gaming revenues from its five foreigner-only venues had increased by 13.5% year-on-year to reac...

Paradise City predicted to temporarily hurt South Korean operator’s bottom line

Adam Morgan

March 1, 2017

Latest Casino and Gambling News, Casino News, Economy/Finance, South Korea

In South Korea, a leading local brokerage has reportedly explained that it expects the opening of the first phase of the Paradise City integrated casino resort later this year to negatively impact the profits o...

New joint venture planned for Caesar’s Casino Incheon development

Adam Morgan

December 6, 2016

Latest Casino and Gambling News, Casino proposals, Mergers, Acquisitions & Partnerships, South Korea

A subsidiary of American casino operator Caesars Entertainment Corporation has reportedly reached a deal to create a new joint venture that intends to take over control of the $739 million plan to construct and...

Mohegan Tribal Gaming Authority details South Korea casino investment

Adam Morgan

December 2, 2016

Latest Casino and Gambling News, Casino proposals, Economy/Finance, South Korea

The Mohegan Tribal Gaming Authority has announced that it anticipates earning fee incomes of around $750 million as a result of its involvement in the proposed Inspire Integrated Resort being planned for South ...

Lippo Limited still in LOCZ Korea Corporation disposal talks

Adam Morgan

November 30, 2016

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, South Korea

Hong Kong-listed real estate developer Lippo Limited has announced that it is still engaged in talks with Caesars Entertainment Corporation regarding the disposal of its interests in a joint venture that wants ...

Paradise City pre-opening costs hit South Korean operator’s bottom line

Adam Morgan

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, South Korea

A day after Grand Korea Leisure Company Limited reported improved third-quarter financial results and the picture is not as good for fellow South Korean casino operator Paradise Company Limited after it reporte...

South Korea casino firms fearing rumors of reduced Chinese tourist numbers

Adam Morgan

October 25, 2016

Latest Casino and Gambling News, Asian Casino News, South Korea

Shares in South Korean casino operators Paradise Company Limited and Grand Korea Leisure Company Limited have fallen by 5.02% and 6.80% respectively after news emerged early this morning that the Chinese govern...

Table games performance helps South Korean casino operator’s bottom line

Adam Morgan

September 6, 2016

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has released its financial results for August showing a 19.5% increase year-on-year in total casino sales to $52.6 million helped by the performance of tabl...

Paradise Group makes first American purchase

Adam Morgan

August 22, 2016

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

South Korean casino operator Paradise Group has made its first acquisition in the United States after spending $26 million in order to purchase a 167-room hotel in downtown Orlando, Florida. Responsible for ...