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Paradise Co Q1 casinos sales drop 51%, loss narrows

South Korea's Paradise Co. said Q1 casino sales plunged by 51.6 percent due to a lack of international visitation, though its loss narrowed from the prior quarter due to cost cuts.
south korea, limbo, gambling

South Korea loses allure, leaving projects in limbo

South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.

Paradise September sales improve

Paradise Co., which operates foreigner-only casinos in South Korea, saw an improvement in sales in September from the prior month, even though they were down 71 percent from the prior year.

Kangwon Land outperforms in 2019

Kangwon Land outperformed South Korea’s foreigner-only casinos in 2019, with turnover rising 5.8 percent compared with a drop of 10.9 percent for 16 other properties.
Cox's Bazar

Bangladesh to set up casino zones

Bangladesh plans to set up a tourism zones including casinos to boost tourism development, according to local media reports.  The resorts would be reserved exclusively...

Greater China investors eye Myanmar

Casino investors from Hong Kong, Taiwan and Macau have made enquiries about operating in Myanmar after the government passed new regulations in May.
GKL Seven Luck

Korea’s foreigner-only casinos post strong gains in 2018

South Korea’s foreigner-only casinos posted strong revenue growth in 2018, gaining 34 percent over the prior year, according to figures from the country’s National Gambling Control Commission.

GKL May sales slip 3 percent

Grand Korea Leisure reported a 2.9 percent decline in casino sales for May, pulled down by a drop in revenue from table games.
Japan Wakayama generic

Wakayama awaits national IR legislation

A Wakayama prefectural official tells Asia Gaming Brief that they are ready to launch an RFC process with IR operators very quickly after the...

Lee Ki-Woo appointed CEO of Grand Korea Leisure

Operator of Seven Luck casinos in Korea, Grand Korea Leisure (GKL), has appointed Lee Ki-Woo as the new Chief Executive Officer of Grand Leisure...