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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

Corporal Dismissed from Self-Defense Forces over Illegal Gambling

A corporal has been dismissed from the Ground Self-Defense Forces and six others punished for visiting an illegal internet casino in Nagoya city.

Twelve Firms Submit Yokohama IR Information

A dozen companies submitted plans and information to the Yokohama municipal government before the RFI deadline last Friday. Among these, eight were international IR operators, two were domestic property developers, and two were other kinds of Japanese firms.

Another Illegal Casino Busted in Yokohama’s Naka Ward

On Wednesday morning, police raided an illegal casino in Yokohama’s Naka Ward, the second such high-profile bust since July.

Tomakomai Holds IR Lectures for Local Residents

The municipal government of Tomakomai city is in the midst of offering a series of lectures to local residents for the purpose of building support for the IR construction plan. There are a total of seventeen such lectures, each held in a different location in the city.

Moody’s Puts Mohegan on Review for Credit Rating Downgrade

Moody's Investors Service has put the credit rating of Mohegan Gaming & Entertainment, which is now mulling an IR bid in Tomakomai city and perhaps elsewhere, on review for a downgrade.