South Korea

Lotte Tour Development has the potential to see a turnaround in its performance this year, according to SK Securities analyst Seung-Doo Na.

Bobby Soper, the newly appointed international president at Mohegan Sun, talks to Asia Gaming Brief about the group’s vision for its resort in Incheon, South Korea and aspirations for a license in Nagasaki, Japan. He says the group’s entertainment-focused, non-gaming model will help to cushion Mohegan from the notorious volatility in South Korea’s foreigner-only casino market.

Landing International said it has appointed Huang Wei as a non-executive director to oversee the group's theme park and hotel operations.

Only two out of eight casinos are currently open on Jeju island in South Korea, which saw revenue from its foreigner-only properties drop 60 percent last year.

Paradise Hotel Busan has announced it is trialing an ‘AI Serving Robot’ to expand its non-face to face services to its food and beverage establishments.

Mohegan Sun is confident that its entertainment-centric business model will help it succeed in South Korea’s notoriously volatile foreigner-only casino market. 

Lotte Tour Development is celebrating what appears to be the initial success of its strategy in Jeju, but even with the local government checking off on the opening of the Jeju Dream Tower Casino, the Covid pandemic clouds its near-term prospects.

Mohegan Sun's Inspire Entertainment Resort project in Incheon, South Korea, will be a long-term positive for the group, despite the risks, Moody's Investors Service said in a periodic review of the company's credit rating.

Hong Kong-listed Landing International has been given the official go-ahead to transfer its casino license from an existing hotel to its new property on Jeju Island, South Korea.

Grand Korea Leisure Co Ltd saw its 21Q1 casino sales reach KRW6.46 billion, down 94.1 percent from the prior year period.