South Korea
Landing employee in Jeju disappears with pile of money
Landing International Development has issued a release informing investors that one of its employees in Jeju, South Korea, has disappeared, along with the KRW14.6 billion (US$13.4 million) that he or she was in charge of.
GKL extends casino closures to January 18
Grand Korea Leisure confirmed in a filing that it is extending the closures of all three of its casinos until the morning of January 18.
Jeju Dream Tower casino may open in March
According to a report in the South Korean media, Lotte Tour Development is targeting a March opening for its new casino in the recently-opened Jeju Dream Tower.
Jeju casino revenues in 2020 to be less than third of previous year
A report from the Bank of Korea has highlighted the dire economic situation faced by Jeju’s eight casinos, including an estimate that their combined sales for 2020 will come in at less than a third of the figure recorded in 2019.
South Korea casinos extend closures through the holidays
South Korea has lost control of its Covid-19 pandemic as never before, and this is triggering additional delays in casino reopenings.
Mohegan Gaming says project Inspire to open early 2023
Mohegan Gaming said its Project Inspire in South Korea is scheduled to open in early 2023 and it expects to close financing in early 2021.
Covid-19 resurgence forces new wave of travel curbs
As we head into the final days of 2020, Covid-19 is once again ramping up in Asia creating new challenges for travel and tourism and triggering a new wave of restrictions.
South Korea extends social distancing until January 3
South Korea said on Sunday it will extend social distancing measures introduced to try to curb the spread of the novel coronavirus pandemic for another six days, to Jan. 3 after reporting a further 970 cases on Saturday.
Hyatt announces opening of its hotel with the Jeju Dream Tower
Hyatt Hotels Corporation has announced the opening of the 1,600-room Grand Hyatt Jeju in South Korea, the largest Hyatt hotel in Asia Pacific. This hotel is part of the Jeju Dream Tower which opened on Friday.
South Korea visitors to drop to 32-year low
The number of visitors to South Korea is set to drop to a 32-year low in 2020, due to the impact of the pandemic. The number of tourists arriving Jan-Oct. slumped 83.6 percent.