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Tag Archives: South Korea

South Korea – Grand Korea Leisure to relocate its Seven Luck Casino to Seoul Dragon City

South Korean casino group Grand Korea Leisure is relocating its Seven Luck Casino Gangbuk Hilton casino to Seoul Dragon City, a hotel that opened in 2017 which is located near major business districts Seoul Dragon City was the only bidder in the tender to house the casino. It was seen as being an ideal home…

South Korea – Grand Korea Leisure sees 500 per cent improvement quarter to quarter

Grand Korea Leisure, the South Korean foreigner-only casino operator, saw its revenues improve by 43.8 per cent, compared to last year’s second quarter results, with more than a 500 per cent sequential quarterly gain compared to the first quarter of 2021. Second quarter casino revenue improved to KRW32.98bn (US$28.4m) as the company’s Gangnam COEX and…

South Korea – Mohegan Gaming aiming for second quarter of 2023 for Inspire Korea debut

Mohegan Gaming & Entertainment has pitched the second quarter of 2023 as the likely opening for its US$1.6bn Inspire Korea integrated resort which is being built close to Incheon International Airport near Seoul. Speaking during an interview for Gaming Laboratories International’s Illuminating Conversations series, International President, Bobby Soper, said he was closing in on securing…

South Korea – Lotte Tour Development opens casino at Jeju Dream Tower

Jeju Dream Tower has now opened its foreigner-only casino on the South Korean holiday island of Jeju, complete with 141 tables, 190 slots and 78 electronic table games. The relocation of the casino licence from Lotte Hotel Jeju has seen the games quota increase from 27 game tables and 51 gaming machines. Lawrence Teo, Chief…

Japan – Sega Sammy Holdings’ profits fall by 91 per cent

Japanese pachinko and casino operator Sega Sammy Holdings who is also a supplier for the industry, saw a 90.7 per cent drop in profit to Y1.27bn (US$11.6m for the financial year ended March 31. The company’s a joint venture partnership with Korea’s Paradise Co in South Korea’s Paradise City, saw guest levels plunge by 45.5…

South Korea – Kangwon Land sees debt fall by almost half during year of COVID

Korean corporate analysis website CEO Score Daily has said that South Koreas only casino at which locals can gamble, Kangwon Land enjoyed one of the largest drops in debt of any Korean company last year. Despite generating a US$249.7m loss in 2020, the operator’s debt dropped 45 per cent year-on-year from US$645m to US$353.4m whilst…

South Korea – Jeju Dream Tower moves closer to being able to house relocated casino

Lotte Tour Development Company Limited has taken a huge step towards being able to offer casino gambling at its new Jeju Dream Tower development on the South Korean island of Jeju with approval from the Standing Committee of the Jeju Provincial Council to relocate its current Jeju casino licence to the tower. The relocation will…

South Korea – Landing International confident of getting stolen money back from Jeju theft

Landing International is hopeful that it will get back the KRW13.4bn (US$11.8m) stolen from its Jeju Shinhwa World casino in South Korea. The money, which was taken by a casino employee from a safe at Landing Casino, within its Jeju Shinhwa World, has been seized by police with several arrests being made. The company said:…

South Korea – Sportradar set to launch new OTT platform with K League

Sportradar and the Korea Professional Football League will launch a new OTT platform for the international market ahead of the 2021 season, which kicks off on 27 February. The platform, “K LEAGUE TV”, will have content in both English & Korean, a first for the K LEAGUE, and is looking to build on growing global…