South Korea

Korea’s only casino allowing for local entry, Kangwon Land, is likely to have underperformed in 16Q4 and will continue to do so in 2017, say Korean analysts.

South Korean casino operator Paradise Co. Ltd.’s net profit fell 31.2 percent year-on-year to KRW 4.4 billion (US$3.8 million) in the fourth quarter of 2016.

Results for South Korea’s gaming operators improved in 2016, although foreign operators appear to be losing patience, with major projects either stalled or abandoned.

Chinese visitors to South Korea rebounded in December 2016, up 15.1 percent year-on-year, according to data from the Korea Tourism Organization (KTO).

An increasing number of Koreans are turning to lotteries, casinos and other speculative games despite the economic slump.

Results for South Korea’s gaming operators improved in 2016, although foreign operators appear to be losing patience, with major projects either stalled or abandoned.

Results for South Korea’s gaming operators improved in 2016, although foreign operators appear to be losing patience, with major projects either stalled or abandoned. Market watchers say the initial euphoria faded fast when operators were faced with the reality on the ground, which includes high costs, difficulty in client acquisition and changing regulation.



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Casino investor Landing International Development Ltd. is proposing to implement a ‘capital reorganization’, which will entail a capital reduction as well as a subdivision of the unissued share capital of the company.

New Silkroad Culturaltainment Ltd has announced a name change for its casino at Jeju KAL Hotel, South Korea.

Hong Kong-listed Landing International Development Ltd has warned investors it expects to record an increase in net loss for the year ended December 31, 2016.

Predictions for the 2017 Asian Gaming market could be precarious, but I speculate we will begin to see disruptive technologies migrate to the mainstream.

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