Monday, June 24, 2024

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New Silkroad sells majority stake in Jeju’s MegaLuck casino to offset losses

New Silkroad Culturaltainment Limited has agreed to sell its stake in the Megaluck casino on Jeju Island, South Korea for about $3.6 million, in order to mitigate its losses.

Jeju Dream Tower casino resort reports almost $20M in May sales

Lotte Tour Development Co. Ltd., the promoter behind the Jeju Dream Tower casino resort on South Korea’s Jeju Island, has disclosed strong sales figures for May. 

Shin Hwa raises funds to revamp Jeju IR via share issuance

South Korean gaming operator Shin Hwa World has announced its plan to issue 845.25 million new shares, aiming to generate approximately HK$28.5 million ($3.6 million) in net proceeds.

Asian Poker Tour announces APT Jeju 2024 & $1.5 million main event guarantee

The Asian Poker Tour, sponsored by Natural8, is pleased to announce its second festival of the year, with the APT Jeju 2024 taking place at the luxurious Jeju Shinhwa Resort from April 26th to May 5th.

Jeju Dream Tower casino performance up 267.3% YOY in January

In the first month of 2024, casino revenues at the Jeju Dream Tower resort on Jeju Island surged to RW23.85 billion ($17.81 million), recording a 267.3 percent year-on-year increase.

50 percent of Jeju islanders link rising crime to casinos: survey

Nearly 50 percent of Jeju residents think that the iland's foreigner-only casinos are responsible for a surge in local crime, indicating a need for increased government regulation, according to a survey released on Friday.

Jeju Dream Tower casino revenue down to $10.84 million in December

December casino revenue at the Jeju Dream Tower resort in South Korea fell by approximately 20.6 percent monthly, totaling KRW14.22 billion ($10.84 million).

Jeju Dream Tower casino revenue down 9 percent m-o-m in November 

In November, casino revenue at the Jeju Dream Tower resort in South Korea declined by approximately 9 percent, totaling KRW18 billion ($13.8 million). This information was reported by Lotte Tour Development Co, the resort’s operator.

Jeju Dream Tower’s October casino revenue was up 38.3 percent from September

In October, the casino revenue at the Jeju Dream Tower resort in South Korea increased by 38.3 percent from September, reaching KRW19.81 billion ($14.6 million), as reported by Lotte Tour Development Co, the resort's operator.

Jeju Dream Tower casino revenue declines 2 percent m-o-m in September

Casino revenue at the Jeju Dream Tower resort in South Korea declined by some 2 percent monthly in September, totaling KRW14.3 billion ($10.6 million), according to the resort’s operator, Lotte Tour Development Co.