Friday, September 24, 2021

Guangzhou R&F properties said investors to provide HK8b loan

Guangzhou R&F Properties, which is developing a resort in South Korea, said two of its main shareholders have agreed to support the company with...

Kangwon Land earnings tipped to surpass pre-Covid levels

Kangwon Land earnings are likely to rebound strongly once restrictions ease and sales will beat pre-pandemic levels, analyst Hazel Lee writes.
Paradise Co Night

Paradise Co. credit rating downgraded on prolonged slump

Paradise Co. has had its credit rating downgraded due to prolonged sluggish performance as a result of the pandemic, local media reports. 

Paradise, GKL post improved August sales from month prior

South Korean operators Paradise Co. and Grand Korea Leisure have both reported improved casino revenue for August compared with the prior month.
PUBG tops India's esports ladder

Asia slowly readies itself for legal esports betting

Asia’s legalized esports betting scene is still lightyears away from the likes of Europe and the U.S., though there is an acknowledgment that groundwork is being laid for its future growth. 

Landing 1H revenue boosted by non-gaming at Jeju Shinhwa

Landing International, the operator fo the Jeju Shinhwa World integrated resort in South Korea, has reported a strong uptick in its non-gaming segment during the first half of the year, but says that the “performance of gaming business remained sluggish during the period”.
New Silkroad says Jeju project stalled due to financing delays

New Silkroad posts zero 1H revenue from casino business

New Silkroad Culturaltainment recorded zero revenue from its entertainment business in South Korea in 1H21 due to the ongoing pandemic prevention measures.
Kangwon Land license extended

Kangwon Land to up payments to mine fund under new license terms

South Korea's government has extended the license of Kangwon Land for 20 years, but the operator will be required to pay more to a development fund.
grand korea Leisure

Grand Korea Leisure appoints Kim Young-san as CEO

Grand Korea Leisure, a foreigner-only casino operator in South Korea, has appointed Kim Young-san as its new CEO, replacing Yoo Tae-Yeol. 
Covid resurgence brings cold winter to South Korean gaming

Kangwon Land closes for two days as Covid-19 detected in staff

Kangwon Land says it will be temporarily closing its casino for two days from August 16 to 18 after an outbreak of Covid-19 amongst its staff.