South Korea | World Casino News

Operator announces revised opening date for Jeju Dream Tower

March 21, 2019

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

In South Korea, the firm behind the under-construction Jeju Dream Tower integrated casino resort has reportedly announced that it is now hoping to have completed all work on the coming $606.6 million developmen...

Chinese firm granted Jeju casino resort approval

Adam Morgan

March 18, 2019

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

Chinese real estate developer, New Silkroad Culturaltainment Limited, has announced that the governor for the South Korean island province of Jeju has given one of its subsidiaries formal permission to begin de...

South Korea to consider raising minimum casino player age

Adam Morgan

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...

Three-year prison term for former South Korean casino boss

Adam Morgan

January 10, 2019

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

In South Korea, the former Chief Executive Officer for domestic casino operator, Kangwon Land Incorporated, has reportedly been sentenced to serve a three-year prison term after being found guilty of conducting...

S. Korea’s GKL casino sales for Nov up 15 percent

K Morrison

December 10, 2018

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

Strong November sales were posted by South Korean casino operator, Grand Korea Leisure Co Ltd (114090:Korea SE), the firm announced on Friday. According to GGRAsia... The Seoul-headquartered firm reported...

Mohegan Gaming and Entertainment inks Project Inspire partnership

Adam Morgan

December 7, 2018

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

Mohegan Gaming and Entertainment has announced the signing of a ‘strategic partnership’ with Paramount Pictures Corporation that is to see a theme park added to the integrated casino resort it is planning to bu...

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 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...

Jeju Shinhwa World to debut new Shinhwa Waterpark facility

Adam Morgan

August 2, 2018

Latest Casino and Gambling News, Casino News, New Hotels, South Korea

In South Korea, tomorrow is reportedly set to see Chinese real estate firm, Landing International Development Limited, premiere the new Shinhwa Waterpark entertainment facility for its Jeju Shinhwa World integr...

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...

April four and five star hotel occupancy over 91pct in Macau

K Morrison

May 31, 2018

Latest Casino and Gambling News, Taiwan, Macau, South Korea

In Macau, the occupancy rate at hotels and guesthouses was up 7.6 percent year-on-year for April, with an average rate of 88.9 percent and more than 1.1 million guests. Included in the figure is an occupancy ra...