South Korea
Paradise Co returned to profitability in 2019
Paradise Co has reported a return to profitability in its consolidated 2019 financial results, driven by a 24.4 percent year-on-year increase in net sales.
The...
Kangwon Land to reopen Weds, expects KRW11 billion loss
Kangwon Land has extended its closure to Wednesday, Feb 26, as part of the government’s efforts to combat the spread of the coronavirus.
On Sunday,...
Kangwon Land closes for 24 hours as coronavirus cases surge
Kangwon Land has announced the closure of its casino for 24 hours due to the coronavirus.
Management did not elaborate on the reasons for the...
GKL profit down 6.9 percent in 2019
South Korean casino operator Grand Korea Leisure saw its profit fell 6.9 percent to KRW72.4 billion (US$61.2 million) in 2019.
In a regulatory filing, the...
Kangwon Land reports 12.7 percent gain in profitability for 2019
Kangwon Land, the casino and resort company based in Gangwon Province that uniquely allows locals to gamble, reported a full-year profit in 2019 up...
Influencing the outcome
Easy to implement and highly effective, influencer marketing is fast becoming an essential component of the online marketing toolbox, with as many as 65 percent of marketers having increased their influencer marketing budgets in 2019.
Paradise Co. January sales gain 28 percent
South Korea’s foreigner-only Paradise Co. has reported a 28.3 percent year-on-year sales increase for the month of January, totalling almost KRW72 billion (about US$60.5...
Grand Korea Leisure reports 58 percent jump in January net sales
Grand Korea Leisure has reported a nearly 58 percent jump in year-on-year net sales in January, lifted by its two casinos in Seoul in...
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.
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New Macau Covid-19 case may dent travel easing hopes: Bernstein
Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.
Australia casinos expected to join global closures this week: JPM
Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.
Tokyo goes under soft lockdown
Tokyo Governor Yuriko Koike announced on Wednesday night a series of measures that amounted to a soft lockdown of the Tokyo Metropolitan District.
The governor...
