New Silkroad Korea

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    New Silkroad says Jeju project stalled due to financing delays

    New Silkroad says Jeju project stalled due to financing delays

    New Silkroad Culturaltainment said its project to develop an IR on Jeju Island in South Korea remains stalled due to project finance delays.

    New Silkroad issues profit warning

    New Silkroad Culturaltainment Limited, operator of the MegaLuck Casino at KAL Hotel Jeju, has issued a profit warning for the six month period ending June 30. “The Group is expected to record a net loss from the continuing operations of more than HK$47 million as compared to a net loss of approximately HK$23 million for […]

    New Silkroad unit faces Korea litigation, see no progress on Jeju IR

    New Silkroad Culturtainment said its South Korean unit faces ongoing litigation on the island of Jeju, while its plans for an integrated resort there have not progressed due to financing issues.

    New SilkRoad Jeju casino H1 revenue rises 16.2 percent

    Hong Kong-listed New Silkroad said revenue at its South Korean casino, on Jeju island, posted a 16.2 percent gain in revenue in the first half, driven by VIP gamers.

    Easing Chinese-Korea tensions boosts Megaluck revenue

    New Silkroad Culturaltainment Ltd, operator of Megaluck Casino in Jeju, recorded a substantial increase in gaming revenue in the first half of the year, aided by higher tourist turnover from China and Korea and continued expansion of the VIP player market. The company saw its gaming revenue increase by 57.8 percent year-on-year in 18H1, reaching […]

    Melco to provide consulting for Jeju casino

    Melco International Development on Tuesday announced it will provide consultancy services for a casino project on Jeju Island in South Korea. According to a filing to the Hong Kong Stock Exchange, its subsidiary, Melco Gaming Assets Management (Korea) will provide the consultancy services to HK-listed New Silkroad Korea. As a consultant, Melco Gaming will provide […]