Home South Korea

South Korea

Paradise October Sales Jump 39.2 Percent

Paradise Entertainment posted a 39.2 percent jump in October casino sales from the same month last year, lead by table games.

Opposition Demands Probe into Illicit Hiring Scandals

South Korean opposition parties on Monday submitted a proposal to launch a joint parliamentary probe into alleged illicit hiring practices of public agencies, including state-owned Kangwon Land, local media reports.

Paradise City Phase One Complete

Paradise SegaSammy said it will open new facilities at Paradise City, with a greater emphasis on entertainment, on September 21, completing the first phase of the development.

Lotte Tour Raises Funds for Jeju IR

Lotte Tour Development Co. is raising 240 billion won (about US$214 million) to complete the construction of its integrated resort on Jeju island in South Korea. Once completed, Jeju Dream Tower is set to be the tallest and largest landmark on Jeju island.

Lotte Tour Enters Casino Business with Jeju Purchase

South Korea’s Jeju island, a popular tourism destination for Japanese, continues to attract investment into its casino sector, with travel agency Lotte Tour Development buying the Jeju Lotte casino for 15 billion won (US$13.4 billion).

Japanese Gamers Drive Paradise City Revenue

Sega Sammy Holdings and Paradise Co. are seeing a gradual ramp up in their Paradise City IR on Yeongjong Island, with increased visitation from Japan making up for the shortfall in Chinese arrivals due to last year’s travel ban.

South Korea Casino Revenue Fell 5.9 Percent in 2017

Turnover at South Korea’s casinos fell 5.9 percent in 2017, after a ban on tour groups by China in March hit visitation.

Paradise’s Revenue Gains as Machine Income Soars

South Korea’s Paradise Co. reported a 25.2 percent gain in May gaming revenue, led by surging machine sales, it said in a stock exchange filing.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.

Sega Sammy Says Paradise Phase 2 Open Before March 2019

Sega Sammy Holdings says the second phase of the Paradise City integrated resort in South Korea will open before the end of March next year.

Trending Articles

Anti-Casino Mayoral Candidate Emerges in Wakayama

The issue of Wakayama’s IR bid will be a leading point of contention in the city’s July 29 mayoral election after a decidedly anti-casino challenger, Kumiko Shima, announced her candidacy.

US Supreme Court Strikes Down Ban on Sports Betting

The US Supreme Court has struck down a federal law against sports betting, paving the way for states to introduce legislation and opening a multi-billion dollar market.

Star Entertainment VIP Revenue Surges

Star Entertainment Group said its international VIP rebate business has continued to show strong growth into the second quarter, with turnover jumping almost 64 percent year to date.

Judicial Scriveners’ Association Calls for Scrapping IR Bill

The Japan Federation of Shiho-Shoshi Lawyer's Associations, the leading group for the nation’s judicial scriveners who specialize in legal registration procedures, issued a statement on June 5 calling for the IR Implementation Bill to be scrapped.

Opposition Makes Last Ditch Appeal against IR Bill

Five House of Representatives lawmakers from five separate opposition parties held a press conference within the Diet Building on June 12 in a last ditch attempt to prevent the passage of the IR Implementation Bill through the Lower House.