Kangwon Land | World Casino News

South Korea’s Kangwon Land Casino hit hard by COVID-19-related closures; reports US250 million loss in 2020

February 16, 2021

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

Feeling the sting from the impact of multiple COVID-19 related closures, Kangwon Land, South Korea's only casino where locals are permitted to gamble alongside foreign tourists, has reportedly recorded a KRW275...

Kangwon Land hiring scandal in South Korea nets two indictments

K Morrison

July 19, 2018

Latest Casino and Gambling News, Casino News, Employment & Careers, Crime, South Korea

A hiring scandal at South Korea’s only casino accessible to locals, Kangwon Land (pictured), has reportedly resulted in the indictment of two lawmakers from the nation’s conservative Liberty Korea Party. The in...

South Korea’s Kangwon Land posts worst quarter in 5 years

Lars Jones

August 14, 2017

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

In a Wednesday filing with the Korea Exchange, Kangwon Land posted second quarter 2017 profits of KRW110.4 billion (US$96.9 million), down 10.7 percent from the same quarter in 2016. Kangwon Land is located in ...

South Korea’s Kangwon Land Casino will tighten regulations to address local problem gambling concerns

Renee Kingsley

October 7, 2016

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

The South Korean casino market is one of the fastest growing gambling markets in Asia and the Kangwon Land casino resort in Kangwon province is the most profitable casino in the country. This comes as no surpri...

South Korea not very likely to remove gambling ban on locals

Renee Kingsley

May 19, 2016

Latest Casino and Gambling News, Casino expansion projects, Macau, South Korea

South Korea’s casino industry has benefitted significantly from the collapse of Macau’s casino industry which was brought on by the anti-corruption crackdown. The country has a total of 17 casinos but allows lo...

NagaCorp and Grand Korea Leisure dropping out of Korean resort license bidding

D. Graham

November 13, 2015

Latest Casino and Gambling News, Casino proposals, World Casino News, Casino project updates, Licenses, South Korea

Both South Korea’s state-run casino operator Grand Korea Leisure (GKL) and Hong Kong-listed NagaCorp have announced that they have abandoned plans for building an integrated casino on Korea’s Yeongjong Island, ...

South Korea gambling revenues rise 9th year in a row

Lars Jones

March 19, 2015

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

The casino industry suffered setbacks throughout the world and gambling hubs like Macau and Las Vegas reported significant declines in revenues during 2014. South Korea appears to be completely immune from such...

Kangwon Land Inc casino revenue skyrockets 4th quarter

Lars Jones

February 24, 2015

Latest Casino and Gambling News, Asian Casino News, Financial Press Releases, South Korea

Kangwon Land Inc, (KRX:035250) posted net profits of KRW47.4 billion (US$42.7 million) for the final quarter of 2014, up nearly 70% from the same quarter for 2013. Kangwon Land Inc operates Kangwon Land Casino ...