South Korea | World Casino News

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

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...

Caesars Entertainment Incorporated abandons South Korea development

Adam Morgan

February 19, 2021

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

American casino operator Caesars Entertainment Incorporated has reportedly sold off its interest in a $767 million gambling-friendly development it is was helping to build in South Korea. According to a repo...

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

K Morrison

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...

Paradise Company Limited records dismal January gaming revenues

Adam Morgan

February 3, 2021

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

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for January fell by almost 61.8% year-on-year to approximately $24.44 million...

Mohegan Gaming and Entertainment partners for Japan casino bid

Adam Morgan

January 28, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships, Greece, South Korea

American casino operator Mohegan Gaming and Entertainment has reportedly joined with Oshidori International Holdings Limited in hopes of winning the right to build and run a gambling-friendly resort in Japan. ...

Grand Korea Leisure Company Limited extends casino closures to February 1

Adam Morgan

January 18, 2021

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

In South Korea and casino operator Grand Korea Leisure Company Limited has reportedly announced that it is to keep its three-strong chain of Seven Luck Casino-branded venues shuttered until February 1 owing to ...

Landing International reports $13.4m missing from Jeju Island resort casino

K Morrison

January 8, 2021

Latest Casino and Gambling News, Casino Heists, Casino News, Gaming Industry News, Asian Casino News, Crime, South Korea

Apparently, heavy lifting was involved in the reported theft of over KRW14.5b (US$13.4m) in cash from South Korean casino operator Landing International Development Limited's Jeju Shinhwa World resort casino. T...

Seoul casinos to remain shuttered until at least January 17

Adam Morgan

January 4, 2021

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 remain closed for at least another two weeks after local authorities extended a range of strict coro...