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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.
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.
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.
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.
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.
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.
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.
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