Sunday, January 19, 2020
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Japan clouds Korea’s IR-hub aspirations

South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.

Nicholas Kim

Project Director, Incheon Free Economic Zone

Paradise Co revenue up 23.4 pct in 2019

South Korea casino operator Paradise Co saw its casino revenues increase 23.4 percent year-on-year in 2019, reaching KRW 784.8 billion (US$673.1 million). The increase in...

Incheon to expand with Yeongjong resort cluster

Incheon City is planning to expand its culture and tourism industry, through the expansion of its casino cluster as part of the Yeongjong-do Integrated...

Landing chairman files writ against alleged receivers

Landing International Development said its Chairman Yang Zhihui has filed a writ against two individuals who claim they are acting as receivers for a 50.48 percent stake in parent company, Landing International Ltd.

Mohegan teams with Hanwha for Korea IR

Mohegan Gaming and Entertainment says it has teamed up with South Korean conglomerate Hanwha Corp to build its Project Inspire resort. 

Paradise Nov. sales rise 31.6 percent

Paradise Co., which operates foreigner-only casinos in South Korea, reported a 31.6 percent gain in November sales, driven by table games.

Grand Korea Leisure reports strong November sales

Grand Korea Leisure, which operates three domestic foreigner-only casinos, reported an 8 percent year-on-year boost in net sales for November to almost KRW45 billion (about US$38 million).

Inspire Korea comes into clearer focus

Mohegan Gaming & Entertainment’s plans for its Inspire Korea IR in Incheon are coming into much clearer focus, especially after CEO Mario Kontomerkos outlined his firm’s vision to Korean journalists earlier this month.

South Korea’s casino operators see varying results in Q3

South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only peers saw mixed...

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