South Korea

Former Kangwon Land Incorporated boss begins three-year prison term

July 26, 2021

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

In South Korea and the former Chief Executive Officer for local casino operator Kangwon Land Incorporated has reportedly started serving a term of three years in prison after earlier being found guilty of parti...

Cash injection for developer of envisioned Midan City Resort Complex

Adam Morgan

July 19, 2021

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

In South Korea and the Chinese firm behind the plan to bring an $800 million integrated casino resort to a 1,087-acre site near the port city of Incheon has reportedly secured additional funding worth in the re...

South Korea pondering introduction of another coronavirus-related lockdown

Adam Morgan

July 8, 2021

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

Casino operators across South Korea are reportedly facing the real prospect of being forced to temporarily close their venues yet again owing to a recent spike in local coronavirus infections. According to a...

June revenues boost for Grand Korea Leisure Company Limited

Adam Morgan

July 5, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for June rose by 45.6% month-on-month to top $13.1 million. Acc...

Jeju Dream Tower development to open its Dream Tower Casino in June

Adam Morgan

June 2, 2021

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

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that it intends to officially premiere the gambling element within its new Jeju Dream Tower development f...

Seoul casino closure possibility for Grand Korea Leisure Company Limited

Adam Morgan

May 26, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly been hit by news that the impressive 680-room Seoul hotel housing one of its Seven Luck-branded venues may soon be dem...

Disappointing first-quarter financials for Grand Korea Leisure Company Limited

Adam Morgan

May 11, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly released its first-quarter financial results showing that its loss for the three-month period had increased by over 35...

Gubernatorial consent for plan to bring a casino to Jeju Dream Tower

Adam Morgan

April 9, 2021

Latest Casino and Gambling News, Casino News, Casino openings, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, South Korea

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly received final approval to bring a gambling element to its new Jeju Dream Tower development. According to a Thur...

Annual frustration for Landing International Development Limited

Adam Morgan

April 2, 2021

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

Chinese real estate firm Landing International Development Limited has reportedly released its financial results for 2020 showing that it suffered an overall loss of about $272.65 million owing mainly to a stee...

Six-month South Korea extension for Mohegan Gaming and Entertainment

Adam Morgan

April 1, 2021

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

The government for South Korea has reportedly granted American casino operator Mohegan Gaming and Entertainment another six months to complete work on its coming Inspire Entertainment Resort development. Acc...

Plan to bring a casino to South Korea’s Jeju Dream Tower takes a step forward

Adam Morgan

March 25, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Employment & Careers, Licenses, South Korea

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly taken an important step towards being able to bring a gambling element to its new Jeju Dream Tower development. ...

Under-construction Incheon casino resort project granted one-year extension

Adam Morgan

March 19, 2021

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

In South Korea and the Chinese firm building an $800 million integrated casino resort near the port city of Incheon has reportedly been granted an official one-year extension to its construction deadline. Ac...

Landing International Development Limited certain of recovering stolen cash

Adam Morgan

March 16, 2021

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

Chinese real estate firm Landing International Development Limited has reportedly announced that it is now confident of recovering a large majority of the around $13.4 million that was stolen from a casino with...

Caesars Entertainment Incorporated boss optimistic about the future

Adam Morgan

February 26, 2021

Latest Casino and Gambling News, U.S.A., Las Vegas, Canada, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports, South Korea, United Kingdom

The boss for American casino operator Caesars Entertainment Incorporated has reportedly expressed optimism regarding the coming year due to his firm’s Las Vegas Strip properties recently posting a dramatic rise...

Kangwon Land Casino facing higher tax bill for license extension

Adam Morgan

February 24, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, South Korea

In South Korea and an influential committee of the county’s National Assembly has reportedly recommended a legislative revision that could see Kangwon Land Casino obliged to pay a higher rate of tax in exchange...