South Korea | World Casino News

New joint venture planned for Caesar’s Casino Incheon development

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

Gaming Law & Legislation, Latest Casino and Gambling News, 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

Casino proposals, Latest Casino and Gambling News, 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...

Kangwon Land Profits up by 6% in Q3

Alex Lanter

November 3, 2016

Economy/Finance, Financial Press Releases, South Korea

The largest South Korean casino resort, the Kangwon Land Resort, has just released their Q3 profits for 2016. According to the numbers, the only national casino resort in South Korea has had an even better year...

Jeju Air begins daily South Korea service to Macau

Adam Morgan

November 1, 2016

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

In the face of growing demand from local tourists and gamblers, South Korean budget airline Jeju Air has inaugurated a new route that connects Macau to Incheon International Airport near Seoul. According to ...

South Korea casino firms fearing rumors of reduced Chinese tourist numbers

Adam Morgan

October 25, 2016

Latest Casino and Gambling News, Asian Casino News, South Korea

Shares in South Korean casino operators Paradise Company Limited and Grand Korea Leisure Company Limited have fallen by 5.02% and 6.80% respectively after news emerged early this morning that the Chinese govern...

South Korea’s Kangwon Land Casino will tighten regulations to address local problem gambling concerns

Renee Kingsley

October 7, 2016

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

The South Korean casino market is one of the fastest growing gambling markets in Asia and the Kangwon Land casino resort in Kangwon province is the most profitable casino in the country. This comes as no surpri...

Bloomberry Resorts Corporation refutes Jeju Sun Hotel And Casino sale extension claim

Adam Morgan

September 27, 2016

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

Bloomberry Resorts Corporation is refuting a claim that it has agreed to extend the closing date for the sale of its Jeju Sun Hotel And Casino in South Korea to Macau-based VIP junket operator Iao Kun Group Hol...

Renewed investment figures for Busan casino by Las Vegas Sands

Kim M

September 12, 2016

Casino proposals, Latest Casino and Gambling News, South Korea

CEO of Marina Bay Sands, George Tanasijevich, said in an interview with Korea Economic Daily, that if “investment conditions are met,” Las Vegas Sands Corp. is willing to invest between 5 to 12 trillion won ($4...

Table games performance helps South Korean casino operator’s bottom line

Adam Morgan

September 6, 2016

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

South Korean casino operator Paradise Company Limited has released its financial results for August showing a 19.5% increase year-on-year in total casino sales to $52.6 million helped by the performance of tabl...

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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

Kangwon Land Profits up by 6% in Q3

Jeju Air begins daily South Korea service to Macau

South Korea casino firms fearing rumors of reduced Chinese tourist numbers

South Korea’s Kangwon Land Casino will tighten regulations to address local problem gambling concerns

Bloomberry Resorts Corporation refutes Jeju Sun Hotel And Casino sale extension claim

Renewed investment figures for Busan casino by Las Vegas Sands

Table games performance helps South Korean casino operator’s bottom line

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