South Korea

Casino operator Paradise Co. Ltd. saw casino revenues slide 9.5 percent year-on-year in the first quarter of 2017.

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic. There has been growing convergence between land-based and online spheres in the region, with the most often cited example being the growth in live dealer tables in jurisdictions such as Cambodia and the Philippines. However, the potential for eSports has so far been largely untapped, despite its explosive global growth.

 

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic.

 



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Silkroad Culturaltainment Ltd. is set to launch marketing offices for MegaLuck in Seoul and Macau later this year, according to a recent filing from the company to the Hong Kong Stock Exchange.

Kangwon Land, whose top-line growth slowed to 3.8 percent last year, is likely to see a recovery in its fortunes driven by an upgrade in its slot machines, strong domestic growth and a potential boost from the Winter Olympics next year, Morgan Stanley says.

South Korea’s first true integrated resort is to open in April, although concerns remain about the potential for growth in the foreigner-only market.

Japan’s Sega Sammy has reached an accord to exit a planned development in South Korea’s Busan to focus on an integrated resort project it is developing with Paradise Co.

South Korea’s first true integrated resort is expected to open on April 20, although concerns remain about the potential for growth in the foreigner-only market.

 

South Korea’s first true integrated resort is expected to open on April 20, although concerns remain about the potential for growth in the foreigner-only market. When Paradise Group and Japan’s Sega Sammy open their KRW1.3 trillion ($1.1 billion) property in Incheon next month, it will be the country’s first fully fledged integrated resort and the largest casino to date.



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Hong Kong-listed Lippo Limited has announced on Friday it has exited a joint casino project in Incheon, South Korea, according to a filing to the Hong Kong Stock Exchange.

Paradise Co. and Japan’s Sega Sammy will open South Korea’s first integrated resort on April 20th on a 330,000 m2 site in Incheon, near the international airport.

Genting Malaysia may be another beneficiary of China’s decision to restrict travel to South Korea as it rolls out the expansion of its Resorts World Genting resort, local media cited a Credit Suisse report as saying.

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