South Korea

Mohegan Sun Tribal Gaming Authority (MTGA) says it is targeting approximately $750 million in fees for its partnership in the casino resort at Incheon.

Hong Kong-listed Lippo Ltd says it is still in discussions with Caesars Entertainment Corp. regarding the disposal of its stake in the proposed casino in Incheon, Korea.

Paradise Co. has decided to postpone the issuance of its three-year bonds “due to increased volatility in the financial market at home and abroad,” according to a company announcement on Tuesday.

Mohegan Sun CEO Bobby Soper says he has high hopes for the gaming market in Northern Asia and, at the moment, believes the greatest opportunity is in South Korea where the tribal gaming operator is building an integrated resort.

U.S. tribal operator Mohegan Sun says design and permitting for its $5 billion integrated resort in South Korea is proceeding at a rapid pace, and the project is currently on schedule to break ground in 2017 and open in early 2020.

Casino operator Genting Singapore is selling its Korean resort interests in order to focus on its Singapore business and save resources for potential opportunities in Japan.

Grand Korea Leisure is the latest company to be entangled in an ongoing corruption scandal involving South Korean President Park Geun-Hye.

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options.

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options. In fact, experts say bitcoin is already making a sizeable contribution to online gaming in Asia. 



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South Korean casino operator Grand Korea Leisure posted strong results for the third quarter of 2016, according to a filing to the Korea Exchange.

South Korea casino operator Paradise Co reported a drop in profit for the third quarter of 2016, according to the company’s filing to the Korea Exchange.

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