South Korea

Paradise Co reported a 92 percent plunge in net profit in 17Q1, due to a downturn in casino sales caused by unfavorable VIP luck.

Kangwon Land posted a 9 percent drop in 17Q1 profit as gaming revenue declined.

Grand Korea Leisure reported an 8.3 percent decline in revenue for Q1, while its net profit tumbled by 34.6 percent.

Former K-pop singer Jung Jin-woo has been jailed for one year for illegal gambling and for trying to disrupt an investigation of his case.

Lottery revenues increased 9 percent year-on-year in South Korea in 2016 driven in part by changing player perceptions, but remain low when compared with other OECD countries, signaling room for further growth.

U.S. tribal casino operator Mohegan Sun has signed new agreements with the Incheon International Airport Corp. in relation to the development of the Inspire Integrated Resort in Incheon, South Korea.

Casino resort developer Landing International Development Ltd on Wednesday announced the opening of Somerset Jeju Shinhwa World, the first phase of Landings’ new Jeju project.

South Korea’s Paradise City may face hard yards due to a ban on Chinese tour groups to the country, notes Bloomberg Intelligence analyst Margaret Huang.

South Korea’s newest integrated resort held its grand opening in Yeongjongdo on Thursday, giving yet another option for gamblers from neighboring China and Southeast Asia.

The number of Koreans taking up voluntary exclusions to Kangwon Land Casino is on the rise.

Pages