South Korea | World Casino News

Kangwon Land Casino facing higher tax bill for license extension

February 24, 2021

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

In South Korea and an influential committee of the county’s National Assembly has reportedly recommended a legislative revision that could see Kangwon Land Casino obliged to pay a higher rate of tax in exchange...

Caesars Entertainment Incorporated abandons South Korea development

Adam Morgan

February 19, 2021

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

American casino operator Caesars Entertainment Incorporated has reportedly sold off its interest in a $767 million gambling-friendly development it is was helping to build in South Korea. According to a repo...

South Korea’s Kangwon Land Casino hit hard by COVID-19-related closures; reports US250 million loss in 2020

Kim M

February 16, 2021

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

Feeling the sting from the impact of multiple COVID-19 related closures, Kangwon Land, South Korea's only casino where locals are permitted to gamble alongside foreign tourists, has reportedly recorded a KRW275...

Paradise Company Limited records dismal January gaming revenues

Adam Morgan

February 3, 2021

Latest Casino and Gambling News, Casino News, Casino closures, 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 January fell by almost 61.8% year-on-year to approximately $24.44 million...

Mohegan Gaming and Entertainment partners for Japan casino bid

Adam Morgan

January 28, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships, Greece, South Korea

American casino operator Mohegan Gaming and Entertainment has reportedly joined with Oshidori International Holdings Limited in hopes of winning the right to build and run a gambling-friendly resort in Japan. ...

Grand Korea Leisure Company Limited extends casino closures to February 1

Adam Morgan

January 18, 2021

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

In South Korea and casino operator Grand Korea Leisure Company Limited has reportedly announced that it is to keep its three-strong chain of Seven Luck Casino-branded venues shuttered until February 1 owing to ...

Landing International reports $13.4m missing from Jeju Island resort casino

Kim M

January 8, 2021

Casino News, Latest Casino and Gambling News, Casino Heists, Gaming Industry News, Asian Casino News, Crime, South Korea

Apparently, heavy lifting was involved in the reported theft of over KRW14.5b (US$13.4m) in cash from South Korean casino operator Landing International Development Limited's Jeju Shinhwa World resort casino. T...

Seoul casinos to remain shuttered until at least January 17

Adam Morgan

January 4, 2021

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

The four foreigner-only casinos located in and around the South Korean capital of Seoul are reportedly set to remain closed for at least another two weeks after local authorities extended a range of strict coro...

Three-year license extension for South Korea’s Kangwon Land Incorporated

Adam Morgan

December 30, 2020

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

The government of South Korea has reportedly granted Kangwon Land Incorporated a three-year license extension so as to allow the company to continue running the nation’s prestigious Kangwon Land Casino until th...

Grand Korea Leisure Company Limited extends casino closures

Adam Morgan

December 29, 2020

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

South Korean casino operator Grand Korea Leisure Company Limited has reportedly extended the temporary coronavirus-related closure of its three Seven Luck Casino-branded venues for another six days until at lea...

Lotte Tour announces official opening of Jeju Dream Tower integrated resort today

Kim M

December 18, 2020

Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Asian Casino News, South Korea

True to its November announcement, Korea based, Lotte Tour Development Co Ltd, will celebrate the official opening of its US$1.4 billion Jeju Dream Tower integrated resort on December 18, after securing final a...

Ominous financial warning from South Korea’s Kangwon Land Incorporated

Adam Morgan

December 8, 2020

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

In South Korea and the operator behind Kangwon Land Casino has reportedly detailed that it is expecting to record hefty losses over the next couple of weeks after the government responded to a recent rise in lo...

Disappointing November for Paradise Company Limited

Adam Morgan

December 3, 2020

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

South Korean casino operator Paradise Company Limited has announced that its net gaming revenues for November declined by 84.5% year-on-year to just under $8.9 million as a direct result of the ongoing coronavi...

December 18 premiere for South Korea’s Jeju Dream Tower development

Adam Morgan

November 24, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Casino project updates, Licenses, South Korea

In South Korean and local casino operator Lotte Tour Development Company Limited has reportedly announced that its Jeju Dream Tower development is set to open next month complete with a 1,600-room Grand Hyatt h...

Seoul casinos ordered to close owing to a rise in coronavirus infections

Adam Morgan

November 23, 2020

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

The four foreigner-only casinos located in and around the South Korean capital of Seoul are reportedly set to suspend operations from the early hours of tomorrow morning owing to a recent rise in the number of ...

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Caesars Entertainment Incorporated abandons South Korea development

South Korea’s Kangwon Land Casino hit hard by COVID-19-related closures; reports US250 million loss in 2020

Paradise Company Limited records dismal January gaming revenues

Mohegan Gaming and Entertainment partners for Japan casino bid

Landing International reports $13.4m missing from Jeju Island resort casino

Lotte Tour announces official opening of Jeju Dream Tower integrated resort today

December 18 premiere for South Korea’s Jeju Dream Tower development

Seoul casinos ordered to close owing to a rise in coronavirus infections

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