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Korea’s Foreigner-Only Casinos Post Strong Gains in 2018

South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34% over the prior year, according to figures from the country’s National Gambling Control Commission. Foreigner-only revenue amounted to 1.63 trillion won (about US$1.38 billion), up from 1.21 trillion won (about US$1.03 billion) the prior year.

Mohegan Appoints Regional President for Canada and Korea

US tribal casino operator Mohegan Gaming & Entertainment (MGE) has announced the appointment of Christian Block as regional president for its properties in Canada and Korea.

First Korea Gaming Congress Set for July

Incheon city will be the venue for the first Korea Gaming Congress, scheduled to be held July 17 and 18.

Opposition Party Calls for Second Locals-Permitted Casino

An opposition party has called on the government to allow the development of a second casino in South Korea that would allow locals to gamble as a means of boosting tourism in North Jeolla province.

Mixed Results for Korea’s Casino Operators in Early 2019

South Korea’s casino operators saw mixed results in the first quarter of 2019, with some, such as Kangwon Land, reporting a 13.3% rise in net profit, while others, such as Grand Korea Leisure, reporting a halving of net profit in the same quarter.

Sega Sammy’s Paradise City IR Set to Open Indoor Amusement Park

The Paradise City IR in Incheon, the joint venture between Sega Sammy Holdings and South Korean resort operator Paradise Group, has announced that the indoor amusement park “Wonderbox” is set to open to the public this coming Sunday.
Inspire IR in Incheon Korea

Mohegan and Paramount Pictures to Collaborate at IR in Incheon

Mohegan Gaming & Entertainment and the Paramount Pictures Corporation have announced an agreement to build a 404,000 square meter Paramount Pictures-branded theme park at the Inspire IR in Incheon, South Korea.
Paradise Group gain

Paradise Group November Sales Drop 5 Percent

Paradise Group casino sales fell almost 5 percent in November as a gain in electronic gaming machine revenue failed to offset a drop in tables.

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.

Trending Articles

Casino Management Board Comes into Focus

The structure of the Casino Management Board to be established under the IR Implementation Bill is coming into focus, as the government is revealing to lawmakers its basic plans.

Wakayama Governor Goes Full Speed Ahead on IR Bid

Despite formidable obstacles, Wakayama Governor Yoshinobu Nisaka is undeterred in his pursuit of an IR at the Marina City location.

Sands, Melco, Galaxy to Benefit Most from Rise of Premium Market

Macau gaming operators Sands, Melco, and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research.

Philippine Prosecutors Clear Kazuo Okada

Philippine prosecutors in Parañaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.

Suncity Extends Deadline for Vietnam IR Stake Purchase

Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34% stake in a casino project in Vietnam until July 31.