South Korea | World Casino News

New Silkroad Culturaltainment Limited re-brands Jeju Island casino

January 13, 2017

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

After completing a series of deals that saw it gain control of 72% of the casino inside the Jeju KAL Hotel in South Korea, Chinese real estate developer and operator New Silkroad Culturaltainment Limited has an...

Jeju Shinhwa World purchase sends Chinese firm further into the red

Adam Morgan

January 12, 2017

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

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Developm...

Paradise profits back in the black in South Korea

Kim M

January 8, 2017

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

In the 12 months ending December 31, 2016, casino revenue of South Korean operator Paradise Co Ltd (034230.KQ) increased by 6.2 percent to KRW603.1bn (US $509m), compared to KRW567.88 billion for full-year 2015...

Chinese real estate developer completes deal for Jeju Shinhwa World

Adam Morgan

January 4, 2017

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

Chinese real estate developer Landing International Development Limited has reportedly announced that it has assumed complete control of the under-construction Jeju Shinhwa World integrated casino resort projec...

South Korea casino hopeful signs deal to draw down syndicated loan

Adam Morgan

December 21, 2016

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

Chinese real estate developer and operator New Silkroad Culturaltainment Limited has reportedly announced that its controlling shareholder has agreed to draw down $38.6 million of a syndicated loan it holds wit...

Landing Casino tops South Korea anti-money laundering assessment

Adam Morgan

December 19, 2016

Latest Casino and Gambling News, South Korea

In South Korea, Landing International Development Limited has announced that its Landing Casino inside the Hyatt Regency Jeju hotel has come top of an anti-money laundering assessment carried out by the Korea F...

Bloomberry to retain Jeju Sun Hotel & Casino

Lars Jones

December 9, 2016

Casino Sales, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Philippines, South Korea

Bloomberry Resorts Corp. will not be conveying their Jeju Sun Hotel and Casino property to the Iao Kun Group after the latter failed to secure financing for the deal. While confirming that the property had been...

New joint venture planned for Caesar’s Casino Incheon development

Adam Morgan

December 6, 2016

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

A subsidiary of American casino operator Caesars Entertainment Corporation has reportedly reached a deal to create a new joint venture that intends to take over control of the $739 million plan to construct and...

Jeju Island provincial government to impose stricter regulations on casinos

Renee Kingsley

December 5, 2016

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

The South Korean casino industry has continued to grow steadily during the last couple of years and Jeju casinos have played a significant role in this growth as Jeju Island is close to the China border and off...

Mohegan Tribal Gaming Authority details South Korea casino investment

Adam Morgan

December 2, 2016

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

The Mohegan Tribal Gaming Authority has announced that it anticipates earning fee incomes of around $750 million as a result of its involvement in the proposed Inspire Integrated Resort being planned for South ...

Lippo Limited still in LOCZ Korea Corporation disposal talks

Adam Morgan

November 30, 2016

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

Hong Kong-listed real estate developer Lippo Limited has announced that it is still engaged in talks with Caesars Entertainment Corporation regarding the disposal of its interests in a joint venture that wants ...

Genting Singapore walking away from Resorts World Jeju development

Adam Morgan

November 14, 2016

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

Asian casino operator Genting Singapore has reportedly signed a deal that will see it sell its interests in a coming development for South Korea’s Jeju Island so that it can better focus on its Singapore busine...

Political scandal entangles South Korean casino operator

Adam Morgan

November 10, 2016

Latest Casino and Gambling News, Crime, South Korea

In South Korea, the ongoing political corruption scandal involving president Park Geun-Hye and under-indictment confidant Choi Soon-Sil has now reportedly ensnared local casino operator Grand Korea Leisure Comp...

Paradise City pre-opening costs hit South Korean operator’s bottom line

Adam Morgan

November 9, 2016

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

A day after Grand Korea Leisure Company Limited reported improved third-quarter financial results and the picture is not as good for fellow South Korean casino operator Paradise Company Limited after it reporte...

Business improves for South Korean casino operator

Adam Morgan

November 8, 2016

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

South Korean casino operator Grand Korea Leisure Company Limited has revealed its third-quarter financial results showing a 20.5% increase year-on-year in total revenues to $117.8 million alongside a 22.9% rise...

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New Silkroad Culturaltainment Limited re-brands Jeju Island casino

Jeju Shinhwa World purchase sends Chinese firm further into the red

Paradise profits back in the black in South Korea

Chinese real estate developer completes deal for Jeju Shinhwa World

South Korea casino hopeful signs deal to draw down syndicated loan

Landing Casino tops South Korea anti-money laundering assessment

Bloomberry to retain Jeju Sun Hotel & Casino

New joint venture planned for Caesar’s Casino Incheon development

Jeju Island provincial government to impose stricter regulations on casinos

Mohegan Tribal Gaming Authority details South Korea casino investment

Lippo Limited still in LOCZ Korea Corporation disposal talks

Genting Singapore walking away from Resorts World Jeju development

Political scandal entangles South Korean casino operator

Paradise City pre-opening costs hit South Korean operator’s bottom line

Business improves for South Korean casino operator

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