Tuesday, October 20, 2020
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Navigating nasty surprises

Navigating nasty surprises

When anyone mentions online gaming in Asia, one country used to come to mind as the primary target – China. 
Lotte Tour Development moves company HQ

Lotte Tour Development moves company HQ to Jeju Dream Tower

Lotte Tour Development shareholders gave their consent on Monday for the company, established in 1971, to move its headquarters from Seoul to the soon-to-be...
New Silkroad says Jeju project stalled due to financing delays

New Silkroad says Jeju project stalled due to financing delays

New Silkroad Culturaltainment said its project to develop an IR on Jeju Island in South Korea remains stalled due to project finance delays.

Jeju casinos bracing for widespread layoffs

Concerns are growing on the self-governing island of Jeju that the ongoing Covid-19 crisis will soon lead to widespread layoffs in the casino sector. While...

Jeju Dream Tower casino passes impact assessment

Lotte Tour Development’s plan to move and to greatly expand its Jeju casino has cleared a major hurdle as the Jeju Casino Industry Impact...

Jeju casinos struggle as tourist flow runs dry

With the near absence of foreign tourists, the province’s related industries, including its eight casinos, are suffering a deep economic crisis. Four of the eight...

New Silkroad issues profit warning

New Silkroad Culturaltainment Limited, operator of the MegaLuck Casino at KAL Hotel Jeju, has issued a profit warning for the six month period ending...

Landing COO steps down

Landing International Chief Operating Officer Jay Lee stepped down from his post at the Hong Kong-listed operator in January, according to the executive’s LinkedIn...

New Silkroad gets green light for Jeju IR

New Silkroad Culturaltainment said one of its units has received permission to build an integrated resort on Jeju island, which the company said will...

Jeju projects forge ahead despite tourism slump

Hong Kong-listed Landing International Development opened its Shinhwa World theme park at the end of September, as IR projects for the honeymoon island forge ahead despite the uncertainty caused by a diplomatic spat with China and tensions with the North. Arrivals from the mainland have slumped and while operators may be confident they can pull in tourists from elsewhere, they may find it harder to fill casinos. 

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