Seoul | World Casino News

South Korea to consider raising minimum casino player age

March 11, 2019

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

In South Korea, legislation has reportedly been introduced that would raise the current minimum age for all players wishing to enjoy the delights of the nation’s many casinos by a further two years to 21. Mu...

Sega Sammy Holdings Incorporated continuing Japan search

Adam Morgan

December 6, 2018

Latest Casino and Gambling News, Casino proposals, Casino News, Japan, Licenses, Mergers, Acquisitions & Partnerships

Japanese pachinko operator, Sega Sammy Holdings Incorporated, has reportedly declared that it is continuing to search for the ‘most appropriate partner’ to help it secure one of three casino licenses being made...

Paradise City to welcome Wonderbox development next year

Adam Morgan

November 3, 2018

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

Japanese pachinko operator Sega Sammy Holdings Incorporated has reportedly announced that the first half of next year will see it inaugurate the Wonderbox indoor family entertainment venue at its Paradise City ...

Disappointing August for Paradise Company Limited

Adam Morgan

September 4, 2018

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

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for August showing that it had experienced a 2% decline year-on-year in aggregated revenues to around $46.1 ...

South Korean firm considering Russian casino development

Adam Morgan

August 24, 2018

Latest Casino and Gambling News, Casino proposals, Casino News, Mergers, Acquisitions & Partnerships, Russia

In Russia, a South Korean firm has reportedly held negotiations with the state-owned Primorsky Krai Development Corporation about the possibility of bringing a $263.6 million development to the casino-friendly ...

South Korean casino operator launches rights offering

Adam Morgan

August 3, 2018

Latest Casino and Gambling News, New Hotels, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

Less than a week after signing a deal to purchase the Paradise Casino Jeju Lotte from fellow South Korean casino operator, Paradise Company Limited, Lotte Tour Development Company Limited has now reportedly ann...

South Korean casino to change hands

Adam Morgan

July 30, 2018

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

In South Korea, Lotte Tour Development Company Limited signed a deal that will see it pay some $38.82 million to purchase the Paradise Casino Jeju Lotte from local casino operator, Paradise Company Limited. ...

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...

Grand Korea Leisure Company Limited records improved results

Adam Morgan

July 11, 2018

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

South Korean casino operator, Grand Korea Leisure Company Limited, has reportedly released its financial results for the first six months of 2018 showing a 4.1% increase year-on-year in gaming revenues to sligh...

Paradise Company Limited records a successful May

Adam Morgan

June 8, 2018

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

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for May, showing that it experienced a 24.2% increase year-on-year in total gaming revenues to slightly over...

Sega Sammy Holdings Incorporated reveals Paradise City expansion plans

Adam Morgan

May 14, 2018

Latest Casino and Gambling News, Casino expansion projects, Game manufacturers, Economy/Finance, South Korea

Japanese pachinko operator Sega Sammy Holdings Incorporated has reportedly announced that it intends to inaugurate an expansion of its Paradise City integrated casino resort in South Korea containing a spa and ...

Mohegan Gaming and Entertainment going it alone in South Korea

Adam Morgan

May 10, 2018

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

The federally-recognized Mohegan Tribe has reportedly announced that its casino-operating Mohegan Gaming and Entertainment vehicle has inked a deal that will see it become the sole owner of an integrated casino...

Challenging first quarter for Paradise Company Limited

Adam Morgan

May 10, 2018

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for the first quarter of 2018 showing that it experienced a massive 61.6% year-on-year decline in net income f...

Sega Sammy Holdings Incorporated reiterates Japan casino plans

Adam Morgan

November 2, 2017

Latest Casino and Gambling News, Casino News, Japan

In Japan, the boss for pachinko giant Sega Sammy Holdings Incorporated has reportedly reiterated his company’s desire to open an integrated casino resort in its home nation but stated that the firm intends to w...

Jeju Dream Tower selects hotel operator

Adam Morgan

August 31, 2017

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

In South Korea, the firm behind the coming $606.6 million Jeju Dream Tower integrated casino resort has reportedly selected American hotel operator Hyatt Hotels Corporation to run the 1,626 rooms inside the 75-...