South Korea | World Casino News

South Korean casino firms seeing light at the end of their coronavirus tunnels

April 7, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for March decreased by 11.8% year-on-year to approximately $15.58 million. ...

More delays for under-construction South Korea casino resort project

Adam Morgan

March 21, 2022

Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, South Korea

In South Korea and the Chinese firm building an $800 million integrated casino resort near the port city of Incheon has for a second time reportedly been granted an official one-year extension to its constructi...

Coming gaming floor extension for South Korea’s Kangwon Land Casino

Adam Morgan

February 7, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

In South Korea and local casino operator Kangwon Land Incorporated has reportedly announced that it is planning to expand the size of the gaming floor within its Kangwon Land Casino property by some 10% to appr...

Grand Korea Leisure Company Limited chalks up a disappointing January

Adam Morgan

February 4, 2022

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

South Korean casino operator Grand Korea Leisure Company Limited reportedly saw its aggregated gross gaming revenues for January drop by a little over 3.5% month-on-month to approximately $8.1 million. Accor...

Jeju Province cancels plan to allow South Korean nationals into its casinos

Adam Morgan

January 7, 2022

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, South Korea

In South Korea and the government for the semi-autonomous province of Jeju has reportedly shelved a controversial proposition that would have allowed mainland citizens to enjoy gambling at any of the island ter...

Jeju Dream Tower chalks up a positive December performance

Adam Morgan

January 6, 2022

Casino News, Latest Casino and Gambling News, New Hotels, Casino expansion projects, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that the new Jeju Dream Tower development generated its first ever positive monthly earnings in December....

Grand Korea Leisure Company Limited records disappointing 2021 financials

Adam Morgan

January 4, 2022

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

In South Korea and well-known local casino operator Grand Korea Leisure Company Limited has reportedly released its financial results for the whole of 2021 showing that its annual gross gaming revenues had drop...

Grand Korea Leisure Company Limited inks deal to relocate Seoul casino

Adam Morgan

December 29, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly announced that will be relocating the Seven Luck-branded gambling enterprise it runs within the Millennium Hilton Seou...

Lacklustre November financials for Paradise Company Limited

Adam Morgan

December 6, 2021

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

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated November gaming revenues fell by 53.6% month-on-month to sit just shy of $8.4 million as it continu...

Mohegan Gaming and Entertainment secures Inspire Entertainment Resort funding

Adam Morgan

November 30, 2021

Tribal Gaming, Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

American tribal casino operator Mohegan Gaming and Entertainment has announced the securing of approximately $1.55 billion in aggregate financing that will allow it to complete work on the first phase of its co...

South Korean players to grow increasingly valuable to Asian casino operators

Adam Morgan

November 17, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Asian Casino News, South Korea

Asian casino operators will likely increase their marketing efforts towards prospective customers from South Korea over the next few years owing to the continued coronavirus-related absence of mainland Chinese ...

Kangwon Land Incorporated records improved third-quarter net profit

Adam Morgan

November 9, 2021

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

In South Korea and local casino operator Kangwon Land Incorporated has reportedly released its unaudited third-quarter financial results showing that its net profit increased by almost 150% year-on-year to hit ...

South Korean politician suggests implementing ‘proxy gambling’ at casinos

Adam Morgan

October 20, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, South Korea

In South Korea and a prominent federal politician has reportedly suggested that the nation’s collection of 17 foreigner-only casinos be allowed to start offering mobile wagering so as to more quickly recover fr...

Paradise Company Limited feeling the impact of coronavirus

Adam Morgan

October 6, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Taxation, South Korea

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated September gaming revenues fell by 53.6% year-on-year to just shy of $8 million. According to a r...

Coronavirus consequences for South Korean casino tax revenues

Adam Morgan

September 3, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, South Korea

The tax contribution from the 17 casinos in South Korea reportedly fell by 82.4% on a comparative basis last year to approximately $70.7 million largely as a direct result of the turmoil associated with the ong...

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South Korean casino firms seeing light at the end of their coronavirus tunnels

More delays for under-construction South Korea casino resort project

Grand Korea Leisure Company Limited chalks up a disappointing January

Jeju Province cancels plan to allow South Korean nationals into its casinos

Jeju Dream Tower chalks up a positive December performance

Grand Korea Leisure Company Limited records disappointing 2021 financials

Grand Korea Leisure Company Limited inks deal to relocate Seoul casino

Lacklustre November financials for Paradise Company Limited

Mohegan Gaming and Entertainment secures Inspire Entertainment Resort funding

South Korean players to grow increasingly valuable to Asian casino operators

Kangwon Land Incorporated records improved third-quarter net profit

Paradise Company Limited feeling the impact of coronavirus

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