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China Deals a Blow to South Korean Casino’s Fortunes

Northeast Asia’s first Las Vegas-style casino resort opened here on Thursday, but to widespread concern about whether the South Korean gambling venu

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South Korea Gaming

4/22/2017

article First integrated casino resort opens in South Korea
(South Korea) -- Thursday saw the opening of Paradise Sega Sammy’s Paradise City in Yeongjongdo, South Korea in the location of the former Paradise Incheon Casino...
article South Korea set to open lavish casino as missile spat scares off Chinese gamblers
(South Korea) -- South Korea's first casino resort has been unlucky with the timing of its grand opening this week as a diplomatic spat scares off gamblers from...

4/20/2017

article China Deals a Blow to South Korean Casino’s Fortunes
(South Korea) -- Northeast Asia’s first Las Vegas-style casino resort opened here on Thursday, but to widespread concern about whether the South Korean gambling...

4/13/2017

article South Korean Government Raked $54.56 Billion in 15 Years But Casino Boom May be Short-lived
(South Korea) -- The South Korean government has earned trillions from gambling over the past 15 years. Trillions of South Korean won (SKW), that is, but it’s not...

4/12/2017

article South Korea Earns KRW62.5 Trillion from Gambling in 2000-2015
(South Korea) -- South Korea earned the amount of KRW62.5 trillion ($54.56 billion) in the period between 2000-2015 from what seems to be a profitable gambling industry...
article South Korean gov’t earned over $54b from gambling in 15 years
(South Korea) -- South Korea’s government has earned over $54b from gambling in the past 15 years, according to a new report. On Wednesday, the Yonhap news agency...

3/26/2017

article Paradise City to reshape S. Korea tourism: promoter
(South Korea) -- The chairman and chief executive of Paradise Co Ltd says the Paradise City casino resort at Incheon will be a game-changer for South Korea’s...

3/23/2017

article Kangwon Land casino paying problem gamblers to stay away
(South Korea) -- American casino industry groups are pleading with congressional leaders not to purge problem gambling support funds from President Donald Trump’s...

3/19/2017

article Asian Countries Compete to Establish Casinos...Korea Left behind due to Excessive Regulation
(South Korea) -- A race among Asian countries such as China, Japan, and the Philippines to build casino resorts has kicked off. The Japanese government is busy...

3/7/2017

article Mixed results for South Korean casino operator
(South Korea) -- South Korean casino operator Paradise Company Limited has released its financial results for February showing that gaming revenues from its five...
article South Korea Gambling Revenue Tops $17 Billion in 2016
(South Korea) -- South Korea gambling revenue surged in 2016 despite an economic downturn in the country. According to the Yonhap News Agency, the nation’s largest...

3/6/2017

article South Korea Gambling Revenue Approaches $18 Billion in 2016
(South Korea) -- South Korea seems to be well on the road of establishing itself as a major Asian gambling jurisdiction after it saw gaming and lottery sales increase 7....
article South Korea’s gambling revenue nears $18bn in 2016
(South Korea) -- Increases in gaming and lottery sales of 7.7% for 2016 saw South Korea’s gambling industry generate a total of KRW 20.3tn ($17.6bn), according to...

3/5/2017

article South Korea gambling revenue tops $17B in 2016
(South Korea) -- South Korea’s gambling industry continues to defy the odds, despite the economic downturn the country is facing. For the second year in a row, the...
article South Korea gaming, lottery sales up 8pct in 2016: report
(South Korea) -- Combined sales in South Korea’s gaming and lottery sector – excluding foreigner-only casinos – increased by 7.7 percent in 2016 to...

2/10/2017

article Paradise’s Japanese VIPs can’t make up for Chinese MIAs
(South Korea) -- South Korea’s two largest foreigner-only casino operators had very different results to close out 2016. Figures released this week show Paradise...

2/9/2017

article Paradise Co 4Q op profit falls on Incheon resort costs
(South Korea) -- Net profit attributable to shareholders of the parent company at South Korean casino operator Paradise Co Ltd rose 48.9 percent year-on-year in the...

1/19/2017

article Pawnshops, Brothels and Homelessness Blight Korean Casino Town
(South Korea) -- Four years ago, Kim Jong-gu went to the South Korean mountain town of Sabuk to find out why his thirty-something daughter kept asking him for money.

1/13/2017

article Jeju casino controller’s share offer undersubscribed
(South Korea) -- New Silkroad Culturaltainment Ltd, a firm that has a controlling interest in a foreigner-only casino on Jeju Island in South Korea, said on Thursday its...

1/12/2017

press release New Silkroad's Casino in Jeju Island Renames as MegaLuck
(Hong Kong) -- New Silkroad Culturaltainment Limited ("New Silkroad" or the "Company") ( HKSE : 00472 ) is pleased to announce that its casino at...

1/8/2017

article Paradise profits back in the black in South Korea
(South Korea) -- In the 12 months ending December 31, 2016, casino revenue of South Korean operator Paradise Co Ltd (034230.KQ) increased by 6.2 percent to KRW603.1bn (...

1/6/2017

article South Korea’s Paradise Co Ltd bounces back in 2016
(South Korea) -- South Korean casino operator Paradise Co Ltd was back in the black in 2016 following a troubled 2015. Figures released this week to the Korea Exchange...

12/29/2016

article Gaming outlook reason to drop Korea scheme: Lippo
(South Korea) -- Hong Kong-listed real estate developer Lippo Ltd has given some commentary in its 2016 interim report – filed on Thursday – regarding its...

12/19/2016

article Landing Casino tops South Korea anti-money laundering assessment
(South Korea) -- In South Korea, Landing International Development Limited has announced that its Landing Casino inside the Hyatt Regency Jeju hotel has come top of an...

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