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Kangwon Land Profits up by 6% in Q3
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...
South Korea
Jeju Air begins daily South Korea service to Macau
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
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
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
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
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
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
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
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
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
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
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
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
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...
June sales nearly double for South Korean casino operator
South Korean casino operator Paradise Company Limited has released its consolidated financial results for June showing a 99.2% increase year-on-year in total sales to approximately $39.6 million.
According t...