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Korea casino sales improve in May, Jeju Dream Tower says outlook upbeat

Monthly sales figures for South Korea’s foreigner-only casinos improved in May and the outlook for hard-hit Jeju is also picking up as Covid restrictions are lifted.

Jeju Dream Tower 1Q22 casino sales up 28.4%, mass suffers from lower hold

Lotte Tour Development’s Jeju Dream Tower, posted a 28.4 percent increase in casino sales in Q122, though higher volumes in the mass segment were offset by lower hold. 

South Korea opens up visa-free travel to Jeju, Seoul, and Gangwon

South Korea is set to reinstate visa-free tourism to Jeju and Yangyang starting in June, allowing foreign travelers to stay in the country legally for 30 days without a visa. 

Non-gaming at Jeju Shinhwa is the brightest part of Landing’s 2021 results

Landing International, the company behind Jeju Shinhwa World in South Korea’s Jeju Island has reported a significant boost in revenue for the year ended December 31, 2021, due mainly to non-gaming revenues spurred by domestic consumption at Jeju Shinhwa World.

Fire breaks out at Jeju Dream Tower, no casualties

A fire broke out at the Jeju Dream Tower resort, forcing the mass evacuation of the building, according to local media reports.

Your Daily Asia Gaming eBrief: Fixing Jeju’s casino crisis

Genting HK is at risk of default on $2.7b in debt following the insolvency of its German shipbuilding unit.

Proxy betting no magic bullet for Jeju casinos

The government of Jeju island is mulling proposals to help its struggling casino industry, but the measures that appear to be on the table are unlikely to provide major relief.

Jeju continues to mull proxy betting, locals gambling ruled out

The Jeju government will be further studying the merits of allowing proxy betting at its foreigner-only casinos, though allowing domestic Korean gamblers into its casinos has been ruled out for now.

Jeju welcomes 12 million tourists in 2021, mostly domestic

The number of tourists visiting Jeju crossed the 12 million mark in 2021, with 99.6 percent of tourists coming domestically, according to the Jeju Island Tourism Association.

Jeju Shinhwa casino no longer offering voluntary retirement, unpaid leave

The operator of the Jeju Shinhwa World casino said it's no longer offering voluntary retirement, or asking staff to take unpaid leave and has instead agreed to work to stabilize relations between staff and management.