South Korea | World Casino News

South Korea government rejects Jeju casino tax rate proposal

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

Casino proposals, Australia, Latest Casino and Gambling News, 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

Casino News, Latest Casino and Gambling 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

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 openings, Casino expansion projects, Asian Casino News, Macau, 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 ...

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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

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

New Jersey Sets $606M July Gaming Record, Enacts Sweeps Ban

Rank Group Posts Strong FY25 Growth, Eyes Boost from UK Gambling Reforms

Edinburgh Denies Appeal for Proposed Morrison Street Slots Parlour

EQL Games Secures Bullpen Capital Investment to Drive Digital Lottery Growth

Sri Lanka Moves Closer to Establishing Gambling Regulatory Authority