Wednesday, August 15, 2018
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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.

Lotte Tour buys Paradise Jeju Lotte for KRW15b

Lotte Tour Development, a South Korean travel company, is making its first solo foray into the casino business with the acquisition of the Paradise Jeju Lotte Casino for KRW15 billion ($13.4 million).

Gambling companies struggling to pick the millennial wallet

Online gaming companies may have better luck in attracting millennials if they develop the right products, though research shows that casinos may struggle to target this key demographic.

JCM Global products exclusively operating at Jeju Shinhwa World

Landing International’s casino at Jeju Shinhwa World is said to be exclusively using JCM Global solutions to protect its slot devices. In a press...

Two lawmakers indicted in Kangwon Land scandal

Two lawmakers from the main opposition party in South Korea have been indicted in connection with a job placement scandal at Kangwon Land, local media reports.

Asia’s emerging casino markets question whether size matters

When the 10.5 million-square-foot Venetian Macao opened its doors in 2007, it upped the ante on the scale of casino developments and helped inspire Singapore, Korea and others to undertake major IR projects.

Paradise Co posts 65.9 percent revenue growth in June

South Korean casino operator Paradise Co has reported a 65.9 percent increase in casino revenue for the month of June, reaching KRW 57.6 billion...


Broken Tooth to bring chess and poker tournaments to China

Former triad leader Wan Kuok-koi, known also as Broken Tooth, has partnered with an unnamed Beijing firm to bring chess and poker tournaments to...

Construction activity could be related to gaming license play

A recent uptick in construction activity from gaming-related companies could be a play for a 7th or 8th gaming license, said Union Gaming in...

FEC to employ “Asian Wallet Strategy” in Europe

Hong Kong-listed Far East Consortium says it expects its casino gaming business to drive higher profitability in the long-term, according to comments made in...

Pagcor H1 gaming revenue up 18.1 percent

The Philippine Gaming and Amusement Corp. reported an 18.3 percent increase in gross revenue from gaming operations in the first half of 2018, beating its target by 9.7 percent.

Yokohama draws over 51 million tourists in 2017

Yokohama city, which is now mulling the possibility of an IR bid, drew over 51.4 million domestic and foreign tourists in 2017, according to...