Friday, October 19, 2018
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Paradise Sept. revenue flat

Paradise Co., which runs foreigner-only casinos in South Korea, reported flat September revenue, though for the first nine months of the year, sales have risen 17 percent.

Paradise City phase one complete with new openings

Paradise SegaSammy said it will open new facilities at Paradise City, with a greater emphasis on entertainment, on Sept. 21, completing the first phase of the development.

Jeju teens have a gambling problem, survey finds

High school and middle school students on Jeju Island are at a high risk of gambling addiction, a new survey has found. According to...

S. Korea state mint to develop chips for GKL

South Korea’s state mint has agreed to use its advanced anti-forgery technology to develop a new line of chips for Grand Korea Leisure, the...

Another Kangwon former CEO accused of corruption

Former head of Kangwon Land, Ham Seung-hee, has been accused of corruption, after unionized employees of the casino reported him for using millions of...

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,...

S. Korea casino operators report mixed results

Paradise Co. reported a narrowing of its net loss in the second quarter of 2018, due mainly to an increase in its casino revenue,...

Lotte Tour announces rights offering

Lotte Tour Development Co., the company behind Jeju Dream Tower, has announced KRW 240 billion (US$213.6 million) rights offering to complete construction of its...

Landing revenue up 360 pct in 18H1

Landing’s relocation of its Landing Casino to Jeju Shinhwa World has paid off, with the company reporting a 360 percent increase in revenue for...

Jeju Dream Tower progresses as GGR recovers

Construction at Lotte Tour Development's Jeju Dream Tower is making significant progress, while the overall South Korean market is trending higher after a political spat between Beijing and Seoul hit revenue at foreigner-only casinos last year.

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