Tuesday, February 25, 2020
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Caesars and Universal rejected

   The Ministry of Culture, Sport and Tourism said its review committee had rejected applications from Japan's Universal Entertainment Corp. and from a consortium that...

Illegal gambling overshadows legal forms

  Illegal gambling turnover in South Korea is expected to reach 75 trillion won ($67.7 billion) this year, according to a report by the National...

Higher lottery sales cap recommended

  The finance ministry recommended that lottery ticket sales next year be capped at 3.61 trillion won ($3.23 billion), up 3.6 percent from this year's...

Deep six for 8City

  The developers of the giant proposed 8City resort project in Incheon failed to make deadline to deposit 50 billion won ($45.3 million) to secure...

Lottery Commission faces audit

  The Board of Audit and Inspection is probing allegations of corruption involved with contracts awarded by the Korea Lottery Commission as well as auditing...

Leisure tax for Seoul casinos

  Seoul plans to broaden its "leisure tax" to cover casinos and online sports gambling in a bid to raise more than 100 billion won...

South Korean coaches regret match fixing

  The coaches of the 10 teams in the Korean Basketball League apologized and took responsibility for a match-fixing scandal that led to the arrest...

Caesars expects Korean government reply in May

Caesars Entertainment (Nasdaq:CZR) Chairman Gary Loveman expects the South Korean government to decide by May on the company's proposed joint venture with Lippo Group...

Chinese tourists fuel Korea’s casino revenue

  Grand Korea Leisure (114090:Korea SE), which operates three casinos under the Seven Luck brand in Seoul and Busan, saw revenue exceed 1 trillion won,...

Caesars moving to South Korea with Lippo Group: WSJ

Las Vegas-based Caesars Entertainment Corp. (NASDAQ:CZR) is moving forward with a joint-venture casino project in South Korea with Lippo Group (226:HK), according to a...

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