Tag Archives: South Korea
South Korea – Paradise records steep rise in revenues
South Korean casino operator Paradise Co managed to boost its GGR during 2018 by 15.8 per cent, reaching KRW638.3bn (US$570.6m) for the year. Both tables and slots were key drivers in the increase with table revenue up by 15.7 per cent year-on-year to KRW595.7bn and slot revenue increasing by 16.9 per cent to KRW42.6bn. Paradise…
South Korea – Inspire to host Paramount theme park in South Korea
Mohegan Gaming & Entertainment’s integrated entertainment resort (IER) due to be built close to Incheon International Airport in South Korea, Inspire Integrated Entertainment Resort (Inspire), will host a Paramount Pictures-branded theme park as part of Northeast Asia’s largest IER expansion underway in the ‘s (IIAC) IBC-III Region. “We are proud to have Paramount Pictures join…
South Korea – Paradise City ramps up entertainment with launch of new facilities
Paradise Co will open the second stage of its phase 1 development of its Incheon integrated resort, Paradise City, on September 21. These total a combined 110,000 square meters and include Plaza – the shopping arcade, Cimer – a spa facility, Chroma – a night club, Art Paradiso – a suite-room only boutique hotel and…
South Korea – Jeju Governor wants to ban casino licence transfers
Reports out of South Korea suggest that the Governor of Jeju wants to crack down on casino development on the island, which already is already home to nine casinos. Governor Won Hee-ryong has publicly lauded a law change that would stop the transfer of casino licences from one property to another. “We should, in principle,…
South Korea – Mohegan Gaming to discuss Inspire’s financing with South Korean government
Officials from US operator Mohegan Gaming and Entertainment will meet officials of South Korea’s Ministry of Culture, Sports and Tourism (MCST) to discuss funding for the company’s US$5bn Inspire Integrated Casino Resort next to Incheon International Airport set to open in 2021. The aim is to have the financing for the project agreed by the…
South Korea – Lotte Tour buys Paradise Casino Jeju Lotte
Lotte Tour Development, a South Korean tourism and transport company, is buying Paradise Group’s Paradise Casino Jeju Lotte, located in Hotel Lotte Jeju on the island of Jeju, for US$38.8m. Union Gaming analyst Grant Govertsen believes the deal will eventually see Lotte Tour transfer the license from Paradise Jeju Lotte Casino to its US$600m Jeju…
North Korea – South Korean shares rally following North Korean casino suggestion
A government official from North Korea has pitched the construction of a casino to US President Donald Trump, asking for US investment for an integrated casino resort in Wonsan, a port city on the country’s east coast. Kim Yong Chol, Vice Chairman of the Central Committee of the Workers’ Party, meet with President Trump at…
South Korea – SIS deal delivers much-needed morning content from Korea
SIS (Sports Information Services) has agreed a deal with the Korean Racing Authority to broadcast live coverage of the action from two of the country’s racecourses, Busan and Seoul. Starting on Friday 18th May, the agreement will allow SIS to provide pictures and data to retail and online bookmakers in the UK, Ireland, and Spain….
Korea – Mohegan Sun takes full ownership of Incheon’s Project Inspire
US tribal operator Mohegan Gaming & Entertainment, the owner of Mohegan Sun in Connecticut, has become the sole owner of a future project destined to take shape in South Korea. It what it described as an ‘amicable’ agreement, Mohegan has bought out its partner for the $1.6bn Project Inspire set for Incheon. Mario Kontomerkos, MGE’s…
