South Korea | World Casino News

Business improves for South Korean casino operator

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, Asian Casino News, Macau, 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

Latest Casino and Gambling News, Gaming Law & Legislation, 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...

Paradise Group makes first American purchase

Adam Morgan

August 22, 2016

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

South Korean casino operator Paradise Group has made its first acquisition in the United States after spending $26 million in order to purchase a 167-room hotel in downtown Orlando, Florida. Responsible for ...

Grand Korea Leisure reports significant second quarter improvement

Kim M

August 15, 2016

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

In this year’s second quarter, South Korean operator Grand Korea Leisure Co Ltd.’s (114090.KS) net income rose to KRW25.6bn (US$23.1m), a year-on-year increase of 38.1 percent, according to a G3 Newswire report...

Kangwon Land is against Saemanguem casino for Korean residents

Sadonna Price

August 11, 2016

Latest Casino and Gambling News, South Korea

In South Korea, the only operator to offer a casino resort to nationals is Kangwon Land Inc. Operating the Kangwon Land Casino and Hotel, the company is not happy about recent developments in regards to a secon...

People’s Party wants revised bill to allow second casino in South Korea to permit locals to gamble

Renee Kingsley

August 5, 2016

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

South Korea has seventeen casinos and only the Kangwon Land casino resort in Kangwon province allows locals to gamble. The casino industry in South Korea has continued to thrive during the last couple of years ...

Consortium signs land deal for new South Korea casino resort

Adam Morgan

August 2, 2016

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

In South Korea, a consortium led by American casino operator Mohegan Tribal Gaming Authority has signed an agreement with Incheon International Airport Corporation to build an integrated casino resort on Yeongj...

Changes in Japan’s political environment brings casino legislation once again to the forefront

Renee Kingsley

July 30, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Economy/Finance, Japan, Licenses, Asian Casino News, Macau, Philippines, South Korea

Gaming analysts believe that Japan is in a great position to benefit from legalizing the casino industry and Union Gaming analyst Grant Govertsen recently confirmed that a change in the country’s political envi...

North Korea profiting from lucrative online gambling industry and cyber operations

Renee Kingsley

July 19, 2016

Latest Casino and Gambling News, Hacking, Unlicensed Operation, South Korea

North Korea has an image in the international community of being one of the most secretive and guarded countries in the world right now under the leadership of Kim Jong Un. Gambling is illegal in North Korea bu...

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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

Paradise Group makes first American purchase

Grand Korea Leisure reports significant second quarter improvement

Kangwon Land is against Saemanguem casino for Korean residents

People’s Party wants revised bill to allow second casino in South Korea to permit locals to gamble

Consortium signs land deal for new South Korea casino resort

Changes in Japan’s political environment brings casino legislation once again to the forefront

North Korea profiting from lucrative online gambling industry and cyber operations

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