Tag Archives: South Korea
South Korea – Kangwon Land delays plans to reopen its main gaming floor
South Korean casino Kangwon Land has been forced to cancel its plans to reopen its main gaming floor following a surge in new cases of coronavirus throughout South Korea. The casino opened its VIP floor on May 8 and had planned to open parts of its main gaming floor as part of a ‘pilot operation,’…
South Korea – Kangwon Land gets longer opening hours and more tables
Kangwon Land, the only casino in South Korea in which locals are allowed to gamble, will be able to stay open for longer and add more gaming tables once its mass gaming activities resume. South Korea’s Ministry of Culture, Sports and Tourism confirmed the extension to its operating hours from 18 hours to 20 hours…
South Korea – Kangwon Land closes for almost a week due to Coronavirus
South Korea’s Kangwon Land, the only venue where locals are allowed to play, will close its doors for almost a week due to the Coronavirus. Management confirmed that an initial 24 hour closure would be extended to a six day closure ‘due to the nationwide spread of COVID-19.’ JP Morgan said: “The question remains if…
South Korea – Table games drive 23.4 per cent increase in revenue for Paradise
Paradise Co, the South Korean casino operator, managed to increase its Gross Gaming Revenue by 23.4 per cent in 2019 reaching KRW784.81bn throughout the year. The increase was driven by a huge surge in table gaming revenues, up 24.7 per cent to KRW740.07bn, and accounting for 94.3 per cent of gaming revenues for the company….
South Korea – Paradise Co. and Grand Korea enjoy buoyant August
Paradise Co. and Grand Korea Leisure, South Korea’s leading casino operators, have both reported increases in gaming revenue in August. Paradise Co, owners of Paradise City integrated resort in Incheon, Paradise Walker-hill in Seoul, Jeju Grand and Busan Casino, saw revenues grow 36.1 per cent in August, compared to last year, reaching KRW69.28bn. Tables increased…
South Korea – Paradise surges by 18.5 per cent in May
South Korean casino operator Paradise Co saw a healthy 18.5 per cent growth in its year-on-year revenues which reached US$52m (KRW61.43bn) in May. The company operates four gaming venues open only to foreigners in Seoul, on Jeju island, in Busan and Paradise City in Incheon. Table gaming was up 28 per cent to KRW609.09bn in…
South Korea – New Silkroad approved for Glorious Hill Casino in Jeju
New Silkroad Culturaltainment has confirmed its Macrolink Glorious Hill subsidiary has received approval from the Governor of Jeju Province for its Glorious Hill casino set for the island. Being located at the heart of the Jeji Island, South Korea, the project is well surrounded by beautiful landscapes under the foot of Mount Hallasan adjacent to…
South Korea – South Korean government succeeds in curbing Kangwon Land’s growth
The South Korean government has been successful in its attempt to curb revenue growth at Kangwon Land, the only casino in South Korea that is allowed to take bets from locals, which saw its fourth quarter profit drop by 75.8 per cent year-on-year. Kangwon Land was told by the government to reduce the number of…
Russia – South Korea’s Ramid Hotels shows interest in Primorye casino project
The South Korean company Ramid Hotels & Resorts has said it wants to build a golf course and casino in the Primorye gambling zone near Vladivostok. The news follows a meeting between the Head of Primorye Oleg Kozhemyko and the company’s President Mun Beng Ha. Governor Oleg Kozhemyako said the region was ‘ready to provide…
