South Korea

South Korea’s casino operators are putting the MERS crisis behind them, with the latest round of results showing strong signs of recovery.

A consortium led by one of China’s leading online games companies sent ripples through the online gaming community in July, announcing it would buy Israel’s Playtika for $4.4 billion in cash.

 

A consortium led by one of China’s leading online games companies sent ripples through the online gaming community in July, announcing it would buy Israel’s Playtika for $4.4 billion in cash. The deal is the largest transaction in the social casino industry to date, and in fact one of the largest transactions in the entire gaming industry in 2016. It also served as a wake up call as to the industry’s potential and the growing interest in Asia.

 



This content is for members only. To continue reading

Join Now

U.S. tribal operators are increasingly tailoring their offerings towards the Asian market to attract both local ethnic communities and the increasingly adventurous Asian millennial, who may be  willing to travel beyond Las Vegas and other traditional destinations.

 

U.S. tribal operators are increasingly tailoring their offerings towards the Asian market to attract both local ethnic communities and the increasingly adventurous Asian millennial, who may be  willing to travel beyond Las Vegas and other traditional destinations. Some of these U.S. operators are also looking back at Asia, counting on their mass-focused tourism offerings to give them an edge in entering the region. Genting and Mohegan Sun are currently the trail blazers, though others may follow if they find success. 

 



This content is for members only. To continue reading

Join Now

Las Vegas Sands Corp. is willing to invest between 5 to 12 trillion won ($4.5 billion to $10.8 billion) in a casino resort in Busan if “investment conditions are met”.

South-Korean casino operator Paradise Co has reported strong performance in August, with total casino sales up 19.5 percent year-on-year to KRW58.2 billion ($52.6 million).

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region.

The recent European Championships saw a dramatic increase in betting volumes across Asia, but also raised a series of questions for both operators and suppliers as to how best to serve sports bettors in the region. Experts say volumes were up about 50 percent on the prior tournament in 2012 and European sports book operators are pushing hard to expand the range of bets on offer.



This content is for members only. To continue reading

Join Now

South Korea casino operator, Paradise Group has acquired a hotel in Orlando for $353.5 million, according to a company announcement on Friday.

The operator acquired Embassy Suites by Hilton Orlando Downtown through Paradise America LLC, the group’s U.S. unit, which includes 167-rooms, located in downtown Orlando, Florida.

The purchase marks the group’s first acquisition in the U.S, and is now the only hotel property outside of Korea that the group owns.

Casino operator Genting Singapore has set up a new subsidiary in South Korea, Claremont Co Ltd, which will focus on leisure and hospitality related businesses, according to a filing on Tuesday.

Summit Ascent Holdings Ltd has announced it has entered into a non-binding agreement with Kangwon Land Inc for “potential areas of cooperation and strategic partnership”.

Asiana Airlines yesterday announced that one of its low-cost carriers, Air Seoul, will begin operating some of its flights including to Macau.

Pages