Tagged jeju island

New Silkroad Culturaltainment Limited re-brands Jeju Island casino

January 13, 2017

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

After completing a series of deals that saw it gain control of 72% of the casino inside the Jeju KAL Hotel in South Korea, Chinese real estate developer and operator New Silkroad Culturaltainment Limited has an...

Jeju Shinhwa World purchase sends Chinese firm further into the red

Adam Morgan

January 12, 2017

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

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Developm...

Chinese real estate developer completes deal for Jeju Shinhwa World

Adam Morgan

January 4, 2017

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

Chinese real estate developer Landing International Development Limited has reportedly announced that it has assumed complete control of the under-construction Jeju Shinhwa World integrated casino resort projec...

South Korea casino hopeful signs deal to draw down syndicated loan

Adam Morgan

December 21, 2016

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

Chinese real estate developer and operator New Silkroad Culturaltainment Limited has reportedly announced that its controlling shareholder has agreed to draw down $38.6 million of a syndicated loan it holds wit...

Landing Casino tops South Korea anti-money laundering assessment

Adam Morgan

December 19, 2016

Latest Casino and Gambling News, South Korea

In South Korea, Landing International Development Limited has announced that its Landing Casino inside the Hyatt Regency Jeju hotel has come top of an anti-money laundering assessment carried out by the Korea F...

Jeju Island provincial government to impose stricter regulations on casinos

Renee Kingsley

December 5, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, South Korea

The South Korean casino industry has continued to grow steadily during the last couple of years and Jeju casinos have played a significant role in this growth as Jeju Island is close to the China border and off...

Genting Singapore walking away from Resorts World Jeju development

Adam Morgan

November 14, 2016

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

Asian casino operator Genting Singapore has reportedly signed a deal that will see it sell its interests in a coming development for South Korea’s Jeju Island so that it can better focus on its Singapore busine...

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...

Chinese firm hoping to raise at least $189 million for prospective Jeju Island casino

Adam Morgan

October 21, 2016

Latest Casino and Gambling News, China, Economy/Finance

As it looks to develop a casino on South Korea’s Jeju Island, Hong Kong-listed New Silkroad Culturaltainment Limited is hoping to raise at least $188.96 million via a proposed share subscription offer to existi...

Macau junket operator closes fourth VIP room and lets South Korea casino purchase lapse

Adam Morgan

October 5, 2016

Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships

After announcing last month that it had closed its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino, VIP junket operator Iao Kun Group Holding...

Bloomberry Resorts Corporation refutes Jeju Sun Hotel And Casino sale extension claim

Adam Morgan

September 27, 2016

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

Bloomberry Resorts Corporation is refuting a claim that it has agreed to extend the closing date for the sale of its Jeju Sun Hotel And Casino in South Korea to Macau-based VIP junket operator Iao Kun Group Hol...

Possible Casino Resorts In Busan, South Korea discussed during international forum

Renee Kingsley

July 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, China, Macau, Singapore, South Korea

The first ever Global Busan Tourism Forum was held in Busan towards the end of June 2016 and one of the hot topics discussed was the possibility of developing a mega casino resort in Busan that would boost tour...

Macau junket promoter Iao Kun to acquire Jeju Sun in Korea for $100m

Martin Chua

June 26, 2016

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

Bloomberry Resorts Corp. said in a filing the Philippine Stock Exchange last week that it's subsidiary Solaire Korea Co. Ltd is selling their 96.23 percent share in the company that owns Jeju Sun Hotel & C...

Jeju Sun performance prompts Bloomberry to consider selling Korean casino

Lars Jones

June 20, 2016

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

After having operated the Jeju Sun Hotel and Casino on Jeju Island, South Korea for less than a year, Bloomberry Resorts Corp has confirmed to media in a Philippine Stock Exchange filing that, “The company conf...

China State Construction Engineering Corporation to tackle Jeju Dream Tower Build

Sadonna Price

April 6, 2016

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

The Jeju Dream Tower of Jeju Island has now chosen a builder, with China State Construction Engineering Corporation to be at the helm. The 700 billion won resort will consist of multiple complexes, owned by the...