South Korea | World Casino News

World Poker Tour Enterprises Incorporated cancels upcoming WPT National Korea

March 15, 2017

Latest Casino and Gambling News, Poker, South Korea

Citing “factors beyond our control” and seemingly blaming the deteriorating relationship between China and South Korea, international poker tournament series operator World Poker Tour (WPT) Enterprises Incorpor...

Lippo Limited officially offloads entire stake in South Korean casino project

Adam Morgan

March 14, 2017

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

After announcing a year ago that it intended to withdraw from a joint venture that was hoping to bring a casino to the South Korean city of Incheon, real estate developer Lippo Limited has now fully exited the ...

Sega Sammy announces opening date for Paradise City

Lars Jones

March 10, 2017

Latest Casino and Gambling News, World Casino News, Casino openings, Casino expansion projects, New Hotels, Casino project updates, South Korea

Paradise SegaSammy Co., Ltd. investor, Sega Sammy Holdings Inc., a pachinko operator based in Tokyo, today announced that Phase I of their long-awaited integrated resort, known as Paradise City, would open in I...

Mixed results for South Korean casino operator

Adam Morgan

March 7, 2017

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

South Korean casino operator Paradise Company Limited has released its financial results for February showing that gaming revenues from its five foreigner-only venues had increased by 13.5% year-on-year to reac...

Paradise City predicted to temporarily hurt South Korean operator’s bottom line

Adam Morgan

March 1, 2017

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

In South Korea, a leading local brokerage has reportedly explained that it expects the opening of the first phase of the Paradise City integrated casino resort later this year to negatively impact the profits o...

New Silkroad Culturaltainment Limited re-brands Jeju Island casino

Adam Morgan

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

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 ...

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World Poker Tour Enterprises Incorporated cancels upcoming WPT National Korea

Lippo Limited officially offloads entire stake in South Korean casino project

Sega Sammy announces opening date for Paradise City

Mixed results for South Korean casino operator

Paradise City predicted to temporarily hurt South Korean operator’s bottom line

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

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