South Korea | World Casino News

December 18 premiere for South Korea’s Jeju Dream Tower development

November 24, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Licenses, South Korea

In South Korean and local casino operator Lotte Tour Development Company Limited has reportedly announced that its Jeju Dream Tower development is set to open next month complete with a 1,600-room Grand Hyatt h...

Seoul casinos ordered to close owing to a rise in coronavirus infections

Adam Morgan

November 23, 2020

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

The four foreigner-only casinos located in and around the South Korean capital of Seoul are reportedly set to suspend operations from the early hours of tomorrow morning owing to a recent rise in the number of ...

Third-quarter net deficit for South Korea’s Paradise Company Limited

Adam Morgan

November 12, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for the third quarter showing that its net profit declined by over 147% year-on-year to a deficit of slightly ...

Paradise Company Limited being investigated by South Korean tax authority

Adam Morgan

November 9, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Tax Evasion, Taxation, Crime, Financial Fraud, South Korea

South Korean casino operator Paradise Company Limited has reportedly confirmed that it is one of the many subjects of an official investigation looking into a range of tax-related wrongdoing allegations. Acc...

American casino operators facing coronavirus-induced delays in South Korea

Adam Morgan

October 21, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

American casino operators Caesars Entertainment Incorporated and Mohegan Gaming and Entertainment are reportedly facing delays in securing enough financing to complete construction of ambitious gambling-friendl...

Coronavirus consequences for Grand Korea Leisure Company Limited

Adam Morgan

October 7, 2020

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

South Korean casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for September fell by 76.5% year-on-year to approximately $8.12 million as a d...

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

Marie Kelley

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...

Paradise City re-opening following coronavirus scare

Adam Morgan

September 9, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that the gambling hall and hotel within its giant Paradise City development are set to re-open after being temporarily closed last ...

Coronavirus consequences for Paradise Company Limited

Adam Morgan

September 8, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that its aggregated gaming revenues for August plummeted by 75% year-on-year to just over $14.55 million owing to a slump in visita...

Kangwon Land Casino again postpones planned full re-opening

Adam Morgan

September 4, 2020

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

In South Korea and the operator behind Kangwon Land Casino has reportedly announced that the facility has again postponed its planned full re-opening by a further two weeks following a recent spike in local cor...

Coronavirus-related June comedown for Paradise Company Limited

Adam Morgan

July 3, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for June showing that it had experienced a decrease of 80.8% year-on-year in aggregated gross gaming revenues ...

Paradise Company Limited records depressed May gaming revenues

Adam Morgan

June 4, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for May showing that it had experienced a 51.2% year-on-year decrease in aggregated gaming revenues to just ov...

South Korea’s Kangwon Land Casino postpones full re-opening

Adam Morgan

May 28, 2020

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

In South Korea and the operator behind the Kangwon Land Casino has reportedly announced that the facility has postponed its planned full re-opening following a recent spike in local coronavirus infections. A...

Extended opening hours for South Korea’s Kangwon Land Casino

Adam Morgan

May 19, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Casino expansion projects, Gaming Industry News, Economy/Finance, South Korea

In South Korea and the firm behind Kangwon Land Casino has reportedly announced that the venue has been given official permission to extend its opening hours and offer a further 20 gaming tables once it fully r...

Landing International Development Limited to offload South Korean subordinate

Adam Morgan

May 12, 2020

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

Asian casino operator Landing International Development Limited has reportedly announced the inking of a deal that is to see China Yueda Group Holdings Limited purchase its Stepwide Developments subsidiary for ...