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South Korean players to grow increasingly valuable to Asian casino operators

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...

Mohegan Gaming and Entertainment releases hopeful South Korea update

Adam Morgan

August 13, 2021

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

American tribal casino operator Mohegan Gaming and Entertainment has reportedly declared that it is now hopeful of being able to start welcoming guests to its Inspire Entertainment Resort development in South K...

Optimistic third-quarter prediction for Kangwon Land Casino

Adam Morgan

August 11, 2021

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

Financial services giant JPMorgan Chase and Company has reportedly forecast that South Korea’s Kangwon Land Casino will likely record an around 20% sequential rise in third-quarter gross gaming revenues due to ...

COVID-19 continues to affect Grand Korea Leisure as low monthly revenues figures recorded in July

Sadonna Price

August 4, 2021

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

The continued surges in positive COVID-19 cases have caused casinos in Asia to record monthly losses. In several areas of the country, case counts are rising, and restrictions are coming back into play, negativ...

Former Kangwon Land Incorporated boss begins three-year prison term

Adam Morgan

July 26, 2021

Casino News, Latest Casino and Gambling News, Gaming Industry News, Employment & Careers, Crime, South Korea

In South Korea and the former Chief Executive Officer for local casino operator Kangwon Land Incorporated has reportedly started serving a term of three years in prison after earlier being found guilty of parti...

Cash injection for developer of envisioned Midan City Resort Complex

Adam Morgan

July 19, 2021

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

In South Korea and the Chinese firm behind the plan to bring an $800 million integrated casino resort to a 1,087-acre site near the port city of Incheon has reportedly secured additional funding worth in the re...

South Korea pondering introduction of another coronavirus-related lockdown

Adam Morgan

July 8, 2021

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

Casino operators across South Korea are reportedly facing the real prospect of being forced to temporarily close their venues yet again owing to a recent spike in local coronavirus infections. According to a...

June revenues boost for Grand Korea Leisure Company Limited

Adam Morgan

July 5, 2021

Casino News, Latest Casino and Gambling 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 its aggregated gross gaming revenues for June rose by 45.6% month-on-month to top $13.1 million. Acc...

Jeju Dream Tower development to open its Dream Tower Casino in June

Adam Morgan

June 2, 2021

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

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that it intends to officially premiere the gambling element within its new Jeju Dream Tower development f...

Seoul casino closure possibility for Grand Korea Leisure Company Limited

Adam Morgan

May 26, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly been hit by news that the impressive 680-room Seoul hotel housing one of its Seven Luck-branded venues may soon be dem...

Disappointing first-quarter financials for Grand Korea Leisure Company Limited

Adam Morgan

May 11, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly released its first-quarter financial results showing that its loss for the three-month period had increased by over 35...

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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

Mohegan Gaming and Entertainment releases hopeful South Korea update

COVID-19 continues to affect Grand Korea Leisure as low monthly revenues figures recorded in July

Former Kangwon Land Incorporated boss begins three-year prison term

Cash injection for developer of envisioned Midan City Resort Complex

South Korea pondering introduction of another coronavirus-related lockdown

June revenues boost for Grand Korea Leisure Company Limited

Jeju Dream Tower development to open its Dream Tower Casino in June

Seoul casino closure possibility for Grand Korea Leisure Company Limited

Disappointing first-quarter financials for Grand Korea Leisure Company Limited

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