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Kangwon Land woes put largest shareholder in financial jeopardy

The long periods of business suspension and other restrictions on Kangwon Land related to the Covid-19 pandemic, pushing the firm into unaccustomed losses this year, is creating an even bigger financial crisis for its largest shareholder, the Mine Reclamation Corporation (Mireco).

Paradise Co. closes Walker Hill due to Covid-19 spread

Paradise Co. says it has closed its foreigner-only Walker Hill casino to help stop the spread of Covid-19 effective from Dec. 15. after South Korea saw a surge in new cases.

Caesars Korea reaches ten months of stalled construction

Caesars Entertainment’s intentions regarding its IR development in South Korea remains a mystery, fully ten months after construction of the facility has been frozen. While it is apparent that official deadlines will not be met, applications for a business plan change have not even been filed.
Jeju Dream Tower

Lotte Tour Development bets on its dream tower

At the end of this week, Lotte Tour Development will hold the grand opening for the Jeju Dream Tower, an ambitious project, forty years in the making, upon which the firm is expected to either rise or fall.

Resident tours and light shows ahead of Jeju Dream Tower opening

Local residents of Jeju are being treated to the first public tours and light shows on the media facade at the Jeju Dream Tower, scheduled to open on Friday.
Korea Big 3

Tracking Korea’s big three [Infographic]

Asia Gaming Brief's latest "By the Numb3rs" infographic explores just how South Korea's three largest casino operators have fared during 2020 amid a pandemic that continues to linger around the world. 
Covid resurgence brings cold winter to South Korean gaming

Covid resurgence brings cold winter to South Korean gaming

The latest wave of pandemic-induced casino closures has made its way from Seoul to Gangwon Province, forcing yet another business suspension upon Kangwon Land, the nation’s only casino that serves local patrons.

GKL November sales down 87.8%

Grand Korea Leisure has followed Paradise Co. in reporting sharply reduced casino revenues in November. The monthly figure came in at about KRW5.48 billion (US$5 million), which was down 87.8 percent year on year and down by over half from the previous month, October 2020.

GKL receives highest safety and health certification

Grand Korea Leisure has followed Paradise Co. in reporting sharply reduced casino revenues in November. The monthly figure came in at about KRW5.48 billion (US$5 million), which was down 87.8 percent year on year and down by over half from the previous month, October 2020.

GKL gains recognition for community support policies

Grand Korea Leisure has been recognized by the Korea National Council on Social Welfare for the second consecutive year for its charitable contributions to the community.
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.