South Korea | 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...

Suncity Group experiencing slow post-coronavirus recovery

Adam Morgan

January 12, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Casino project updates, Economy/Finance, Macau

The Macau business unit of Asian junket operator Suncity Group is reportedly still slowly recovering from last year’s coronavirus-related disruption with its overall rolling VIP chip volumes currently standing ...

Suncity Group Holdings Limited unveils Hoiana second phase schedule

Adam Morgan

January 6, 2021

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Philippines, Russia, Vietnam

Asian junket operator Suncity Group Holdings Limited has reportedly announced that it intends to begin construction on the second phase of its $4 billion Hoiana integrated casino resort from sometime later this...

Jeju Dream Tower plans to open fully before year’s end

Sadonna Price

October 6, 2020

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

Jeju Dream Tower is a brand-new resort in the works on the island of Jeju in South Korea. The resort is currently under construction and will be a foreigner-only location. The facility was planning to launch by...

Kazuo Okada loses appeal against Tokyo District Court decision

Adam Morgan

September 21, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Japan, Fines, Lawsuits & Litigation

In Japan and former casino magnate Kazuo Okada (pictured) has reportedly lost an appeal against a Tokyo District Court decision that had ordered him to pay some ¥21.3 million ($204,560) in compensation to the f...

NayonLanding proposal given more time to find a new home

Adam Morgan

August 31, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and casino operator Landing International Development Limited has reportedly announced that it has been given more time to find a suitable Manila home for its envisioned NayonLanding developm...

Sega Sammy Holdings Incorporated records $31.3 million quarterly loss

Adam Morgan

August 6, 2020

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly recorded a worrying loss of approximately $31.3 million for the second quarter as the ongoing coronavirus pandemic hurt sales across ...

Uncertain future for the envisioned The Drew Las Vegas

Adam Morgan

June 4, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships

The plan to open The Drew Las Vegas as the newest casino resort in southern Nevada by the summer of 2022 could be in danger after the project’s main developer reportedly defaulted on some of its debt obligation...

Mohegan Gaming and Entertainment on the lookout for rescue loans

Adam Morgan

May 21, 2020

Latest Casino and Gambling News, Tribal Gaming, U.S.A., Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

The casino arm of the federally-recognized Mohegan Tribe is reportedly endeavoring to obtain loans worth up to $100 million in order to help it survive the ongoing economic fallout engendered by the coronavirus...

Bloomberry Resorts Corporation intent on broadening its interests

Adam Morgan

April 14, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Philippines

Asian casino operator Bloomberry Resorts Corporation has reportedly announced that it will be taking steps to further diversify its investment portfolio so as to better shield itself from the impact of future d...

Japanese court penalizes former casino magnate Kazuo Okada

Adam Morgan

February 19, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Japan, Fines, Lawsuits & Litigation

In Japan and a district court has reportedly ordered local casino magnate Kazuo Okada (pictured) to pay some ¥21.3 million ($191,500) in compensation to the firm he once headed, international gaming conglomerat...

NayonLanding proposal remains alive in the Philippines

Adam Morgan

October 10, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Casino project updates, Licenses, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and hopes have reportedly been raised that Landing International Development Limited may still be granted official permission to build its $1.5 billion NayonLanding integrated casino resort o...

Casino operator initiates hunt for new NayonLanding site

Adam Morgan

September 16, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Casino project updates, Licenses, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and Landing International Development Limited has reportedly announced that it has initiated a search in hopes of finding a new plot of land on which to construct its envisioned $1.5 billion ...

Widus Hotel and Casino announces receipt of ‘regular gaming license’

Adam Morgan

September 6, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Licenses, Philippines

In the Philippines and the operator behind the Widus Hotel and Casino has reportedly announced that the property has been granted a ‘regular gaming license’ by the nation’s Philippines Amusement and Gaming Corp...

Cambodian online gaming crackdown instigates Chinese flight

Adam Morgan

September 6, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Online gambling regulation, The Players Lounge, Online Gambling News, Crime, Licensing

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In Cambodia and ‘a large number of Chinese nationals’ have reportedly started to leave the seaside community of Sihanoukville following last month’s decision by the government for the Southeast Asian nation to ...