South Korea | World Casino News

Macau junket promoter Iao Kun to acquire Jeju Sun in Korea for $100m

June 26, 2016

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

Bloomberry Resorts Corp. said in a filing the Philippine Stock Exchange last week that it's subsidiary Solaire Korea Co. Ltd is selling their 96.23 percent share in the company that owns Jeju Sun Hotel & C...

South Korean Casino project receives additional investment from Genting Singapore

Renee Kingsley

June 22, 2016

Latest Casino and Gambling News, Casino proposals, Singapore, South Korea

South Korea’s casino industry has benefited from the downturn in Macau’s casino industry and a number of gambling operators across the world are looking to invest heavily into the South Korean casino industry. ...

Jeju Sun performance prompts Bloomberry to consider selling Korean casino

Lars Jones

June 20, 2016

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

After having operated the Jeju Sun Hotel and Casino on Jeju Island, South Korea for less than a year, Bloomberry Resorts Corp has confirmed to media in a Philippine Stock Exchange filing that, “The company conf...

Las Vegas Sands continuing campaign for South Korea development

Adam Morgan

June 15, 2016

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

Las Vegas Sands Corporation is reportedly continuing with a plan to build a version of its Marina Bay Sands resort casino in South Korea and has sent representatives to Busan in order to investigate possible si...

Summons issued to unit of Hong Kong firm over Jeju slots deal

Kim M

June 7, 2016

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, South Korea

Jeju District Court, located in South Korea, issued a summons to a unit of New Silkroad Culturaltainment, “due to an indictment brought by Jeju District Prosecutor Office for outsourcing management of slot mach...

South Korea government rejects Jeju casino tax rate proposal

Adam Morgan

May 24, 2016

Latest Casino and Gambling News, Taxation, South Korea

In South Korea, the national government has rejected a local proposal that would have seen the tax rate on gross gaming revenues for the eight casinos in the island province of Jeju double to 20%. According ...

South Korea not very likely to remove gambling ban on locals

Renee Kingsley

May 19, 2016

Latest Casino and Gambling News, Casino expansion projects, Macau, South Korea

South Korea’s casino industry has benefitted significantly from the collapse of Macau’s casino industry which was brought on by the anti-corruption crackdown. The country has a total of 17 casinos but allows lo...

First-phase of Vietnamese resort casino to offer three hotels

Adam Morgan

May 5, 2016

Latest Casino and Gambling News, Casino proposals, Australia, Hong Kong, Macau, Philippines, South Korea, Vietnam

Macau junket promoter Suncity Group has revealed that the first phase of the casino resort it is building in Vietnam in partnership with asset management firm VinaCapital Group and Gold Yield Enterprises will i...

South Korean casino operator declares mixed results

Adam Morgan

May 5, 2016

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

South Korean casino operator Paradise Co has reported sales of $48.4 million for April, which represents a 9.4% increase year-on-year, although the figure for the first four months of 2016 is 2.9% lower than fo...

China State Construction Engineering Corporation to tackle Jeju Dream Tower Build

Sadonna Price

April 6, 2016

Latest Casino and Gambling News, New Hotels, Casino project updates, South Korea

The Jeju Dream Tower of Jeju Island has now chosen a builder, with China State Construction Engineering Corporation to be at the helm. The 700 billion won resort will consist of multiple complexes, owned by the...

Lippo Group no longer interested in “any gaming aspect” of Caesars Incheon casino: Plus So. Korea update

Lars Jones

March 26, 2016

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

In a filing with the Hong Kong stock Exchange this week Lippo Worldwide Investments stated that it was in negotiations with Caesars Entertainment over a possible sale of its stake in their planned $739 million ...

Mohegan’s Inspire Integrated Resort lands Korean casino license

Lars Jones

February 28, 2016

Casino proposals, Latest Casino and Gambling News, World Casino News, Licenses, South Korea

Mohegan Sun's partnership with KCC Corp paid off this week when the consortium was given a green light by the South Korean government to construct their Inspire Integrated Resort on Yeongjong Island. With licen...

South Korea to make decision soon on awarding foreign casino licenses to operators: Updated

Renee Kingsley

February 26, 2016

Casino proposals, Licenses, South Korea

UPDATE 2-25-2016: Mohegan--KCC Consortium wins license. South Korea currently has a total of 17 operational casinos and only one that is allowed to provide gaming services to South Koreans, as the government...

Lippo not certain if joint Caesars Korean casino project will proceed

Alex Lanter

December 28, 2015

Latest Casino and Gambling News, World Casino News, Casino openings, South Korea

Lippo Ltd, a property developer, revealed that there was uncertainty whether the joint gaming project with Caesars Entertainment Corporation would proceed. The joint venture was started back in 2013 in Incheon,...

Russia’s gambling zones offering low casino tax rate, relaxed visa rules to attract investors and gamblers

Renee Kingsley

December 4, 2015

Casino expansion projects, Casino openings, Macau, Asian Casino News, Russia, Singapore, South Korea

Russia banned casinos in 2009 but has authorized five special integrated gambling zones since then, the last being Sochi (pictured) the mostly abandoned site of the 2014 Winter Olympics. The first of these zone...

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Macau junket promoter Iao Kun to acquire Jeju Sun in Korea for $100m

South Korean Casino project receives additional investment from Genting Singapore

Jeju Sun performance prompts Bloomberry to consider selling Korean casino

Las Vegas Sands continuing campaign for South Korea development

Summons issued to unit of Hong Kong firm over Jeju slots deal

South Korea government rejects Jeju casino tax rate proposal

South Korea not very likely to remove gambling ban on locals

First-phase of Vietnamese resort casino to offer three hotels

South Korean casino operator declares mixed results

China State Construction Engineering Corporation to tackle Jeju Dream Tower Build

Lippo Group no longer interested in “any gaming aspect” of Caesars Incheon casino: Plus So. Korea update

Mohegan’s Inspire Integrated Resort lands Korean casino license

South Korea to make decision soon on awarding foreign casino licenses to operators: Updated

Lippo not certain if joint Caesars Korean casino project will proceed

Russia’s gambling zones offering low casino tax rate, relaxed visa rules to attract investors and gamblers

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