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Bloomberry to Exit South Korean Casino Market with Sale of Jeju Sun

October 27, 2025

Casino Sales, Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines, South Korea

After a decade of managing a loss-making casino in South Korea, Bloomberry Resorts Corporation, led by tycoon Enrique Razon Jr., is officially divesting its gaming business on Jeju Island. The Philippine-based ...

South Korea’s Casino Operators Report September Revenue Growth

Vanja Mitic

October 3, 2025

Latest Casino and Gambling News, Casino Destinations, Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

September proved to be a profitable month for South Korea’s foreigner-only casino industry, with all three licensed operators reporting year-on-year increases in gaming revenue. Lotte Tour Development Co Ltd, o...

Vietnam and South Korea Target Illegal Online Gambling Networks

Vanja Mitic

September 26, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Crime, Financial Fraud, Fines, Lawsuits & Litigation, South Korea, Vietnam

Authorities in both Vietnam and South Korea have intensified efforts against large-scale illegal online gambling operations, issuing severe prison sentences and shutting down networks that processed billions of...

Paradise Secures Grand Hyatt Incheon West Tower in $151M Deal

Vanja Mitic

September 23, 2025

Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Casino project updates, Mergers, Acquisitions & Partnerships, South Korea

Paradise Co. Ltd., South Korea’s leading foreigner-only casino operator, is expanding its footprint in Incheon with the acquisition of the Grand Hyatt Incheon’s West Tower. The company confirmed on September 23...

Jeju Dream Tower Casino Achieves Record Revenue and Visitor Numbers

Vanja Mitic

September 2, 2025

Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

Jeju Dream Tower has reported a significant surge in casino revenue for August 2025, reaching KRW 42.99 billion ($32.2 million), marking a 30.5% increase from the previous year. The integrated resort, which ope...

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Vanja Mitic

August 22, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, South Korea

South Korea’s customs authorities have broken up a major illegal remittance scheme that funneled massive sums of money overseas to support gambling activities in the Philippines. The Korea Customs Agency (KCA) ...

Grand Korea Leisure Reports Strong Q2 Performance, Announces Dividend

Vanja Mitic

August 8, 2025

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

Grand Korea Leisure Co. Ltd (GKL) has delivered an exceptional performance for the second quarter of 2025, posting a net profit of KRW 16.96 billion (US$12.3 million), which marks an impressive 49.7% year-on-ye...

Jeju Dream Tower Sets New Casino Revenue and Visitation Records in July

Johnny K.

August 4, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

Jeju Dream Tower, the premier foreigner-only integrated resort on South Korea’s Jeju Island, reported unprecedented growth in July 2025, setting new benchmarks in casino revenue, gaming volume, and guest visita...

DigiPlus to Enter South Africa as Part of Global Expansion

Vanja Mitic

July 25, 2025

Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Licenses, Online Gambling News, South Korea

DigiPlus Interactive Corp. is preparing to break into South Africa’s booming online gambling industry, signaling the company’s next step in a wider global expansion plan. The Philippines-based gaming firm, know...

Six Korean Payment Firms Face Action Over Gambling Crimes

Vanja Mitic

July 25, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Online Gambling News, Crime, Financial Fraud, South Korea

South Korea’s Financial Supervisory Service (FSS) has launched enforcement proceedings against six domestic payment gateway (PG) companies following the discovery of their involvement in illegal gambling, drug-...

New Push for Action on Overseas Gambling by Korean Nationals

Kim M

June 16, 2025

Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, South Korea

A growing concern has emerged in South Korea over the increasing number of nationals engaging in gambling abroad. Experts from the tourism and gambling sectors gathered on Wednesday at a policy forum hosted by ...

Macau Maintains Gaming Lead Despite Regional Competition Surge

Johnny K.

May 26, 2025

Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Macau, South Korea, Thailand

For over a decade, whispers of Macau's vulnerability in the face of emerging Asian gaming markets have circulated through industry publications. Singapore once posed a challenge, followed by Manila. Now, attent...

Kangwon Land Targets Global Gamblers With New Perks and Casino Upgrades

Vanja Mitic

May 22, 2025

Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, South Korea

Kangwon Land Inc, operator of South Korea’s only casino open to local residents, is significantly ramping up its efforts to attract international gamblers. As part of a broader strategy to compete with neighbor...

Bain Capital Opens Door to Inspire Resort Sale Amid Legal Mandates

Johnny K.

May 19, 2025

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

Bain Capital has officially initiated the sale process for Inspire Entertainment Resort in Incheon’s Yeongjong Island, a move driven not by strategy alone but by legal necessity. The resort’s operating entity, ...

Grand Korea Leisure Reports Strong March Casino Revenue Growth

Johnny K.

April 4, 2025

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

Grand Korea Leisure Co., Ltd. (GKL), a South Korean operator of foreigner-exclusive casinos, saw a significant boost in its March revenue, with total casino sales reaching approximately KRW41.45 billion (US$28....

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Bloomberry to Exit South Korean Casino Market with Sale of Jeju Sun

South Korea’s Casino Operators Report September Revenue Growth

Vietnam and South Korea Target Illegal Online Gambling Networks

Paradise Secures Grand Hyatt Incheon West Tower in $151M Deal

Jeju Dream Tower Casino Achieves Record Revenue and Visitor Numbers

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Grand Korea Leisure Reports Strong Q2 Performance, Announces Dividend

Jeju Dream Tower Sets New Casino Revenue and Visitation Records in July

DigiPlus to Enter South Africa as Part of Global Expansion

Six Korean Payment Firms Face Action Over Gambling Crimes

New Push for Action on Overseas Gambling by Korean Nationals

Macau Maintains Gaming Lead Despite Regional Competition Surge

Kangwon Land Targets Global Gamblers With New Perks and Casino Upgrades

Bain Capital Opens Door to Inspire Resort Sale Amid Legal Mandates

Grand Korea Leisure Reports Strong March Casino Revenue Growth

MGM Resorts Posts Strong Q3 Performance with Record Earnings from MGM China

iGaming Affiliates Shine at SiGMA Euro-Med 2025

Norfolk Casino License Secured, Interim Facility Opening Soon

Las Vegas Tourism Struggles in September as Gaming Revenue Declines

BetCity Hit With €2.65m Penalty for Failing to Safeguard Young Gamblers