South Korea | World Casino News

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

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

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

Mohegan Sun excited over KCC Corp partnership

Kim M

November 25, 2015

Casino News, Latest Casino and Gambling News, Tribal Gaming, World Casino News, Gaming Industry News, Connecticut, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, South Korea

“Excited” was the word used by the Mohegan Tribal Gaming Authority, operator of Connecticut’s Mohegan Sun, to describe its new partnership with South Korean chemicals manufacturer KCC Corp in its bid for one of...

NagaCorp and Grand Korea Leisure dropping out of Korean resort license bidding

D. Graham

November 13, 2015

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

Both South Korea’s state-run casino operator Grand Korea Leisure (GKL) and Hong Kong-listed NagaCorp have announced that they have abandoned plans for building an integrated casino on Korea’s Yeongjong Island, ...

Jeju Sun Casino operations suspended one month

Lars Jones

November 11, 2015

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

Bloomberry's Jeju Sun Hotel and Casino has been ordered to suspend gaming operations at its South Korean operations for one month beginning November 16, according to a filing with the Philippine Stock Exchange....

Mohegan Tribal Gaming’s President Soper interviews with Korea’s Yonhap News Agency

D. Graham

October 28, 2015

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, World Casino News, Casino project updates, Macau, South Korea

Yonhap News Agency, tasked with promoting Korea’s image and dispatching news and information to international media organizations, has recently released excerpts from a written interview with Mohegan Tribal Gam...

Macau authorities arrest South Korean casino workers for enticing Chinese gamblers

Renee Kingsley

October 20, 2015

Gaming Law & Legislation, Gaming Industry News, Asian Casino News, Macau, Fines, Lawsuits & Litigation, South Korea

Macau’s casino industry used to enlist special junket operators whose main role was to target VIP gamblers from Mainland China and bring them over to Macau’s casinos. These VIP gamblers accounted for more than ...

Jeju Dream Tower to open second half of 2018

Lars Jones

October 6, 2015

New Hotels, Casino openings, Mergers, Acquisitions & Partnerships, South Korea

Lotte Tour Development Co. Ltd is said to have approval to build the second largest casino hotel complex on Jeju Island off the coast of South Korea through affiliate Donghwa Investment and Development Co. Ltd....

Fading MERS fears spark improved casino sales for Paradise

Kim M

October 5, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, South Korea

Down 34 percent for the year, foreigner-exclusive South Korean casino operator, Paradise Co Ltd’s, monthly numbers were down 23.6 percent from last month bringing September’s numbers in at KRW37.2 billion ($31....

Landing says Jeju Casino succeeds with Chinese gamblers

Renee Kingsley

September 25, 2015

China, Economy/Finance, Asian Casino News, South Korea

China real estate developer Landing International in partnership with Genting Hong Kong had operated Hyatt Regency Jeju on Jeju Island in South Korea. However, the Jeju casino did not perform as well as per in...

Jeju Island operator announces soft launch of mobile casino

Lars Jones

September 24, 2015

New online casinos, Mobile gaming, South Korea

Majestar Casino (The Shilla Jeju Hotel & Casino) announced today the release of ‘Majestar Casino Mobile Game’ in six countries: Hong Kong, Singapore, Sweden, Canada, New Zealand and United Arab Emirates (U...

Bloomberry set to open first overseas property on Jeju Island, South Korea

Lars Jones

September 16, 2015

Latest Casino and Gambling News, Casino openings, New Hotels, South Korea

Philippines casino operator Bloomberry has nearly completed a four month renovation of their hotel and casino property on South Korea's Jeju Island. The reopening will signify the company's first operating casi...

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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

Mohegan Sun excited over KCC Corp partnership

NagaCorp and Grand Korea Leisure dropping out of Korean resort license bidding

Jeju Sun Casino operations suspended one month

Mohegan Tribal Gaming’s President Soper interviews with Korea’s Yonhap News Agency

Macau authorities arrest South Korean casino workers for enticing Chinese gamblers

Jeju Dream Tower to open second half of 2018

Fading MERS fears spark improved casino sales for Paradise

Landing says Jeju Casino succeeds with Chinese gamblers

Jeju Island operator announces soft launch of mobile casino

Bloomberry set to open first overseas property on Jeju Island, South Korea

Casino Del Sol Celebrates Key Construction Milestone on New Tucson Casino

DraftKings to Charge Per-Bet Fee in Illinois Starting September

Swedish Government Plans Total Ban on Gambling with Credit

Rulli Bill Would Fund ICE With Gambling Taxes, Sparks Debate

Crown Sydney Denied Poker Machines as Premier Shuts Down Proposal