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Violeta Prockyte, Gambling Insider Β· April 14, at pm. Paradise Co South Korea's foreigner-only casinos see revenues grow in August. Inside Asian​.


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GKL's accumulated casino sales for the first quarter of were KRW billion, an improvement of percent. GKL temporarily suspended.


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(South Korea) -- Two of South Korea's main foreigner-only casino operators have reported casino revenue increases for the first month of Casino revenue.


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South Korean casino operators Kangwon Land and Paradise Co Ltd its revenue over the first three months of had totaled KRWb.


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Landing International Development Ltd, the Hong Kong-listed mainland real estate group behind the resort β€” which has a … [Read more The resort itself resembles many resorts that are scattered across the United States. The results come on the back of a 6. The 16 casinos reserved for foreigners attracted 2. As part of the deal, which will be in place for the first time at the upcoming APT Korea-Seoul event at Paradise Walkerhill starting this Friday 15 June, players will be able to qualify for the Main Event plus … [Read more The company on Monday reported casino sales of approximately KRW Judged month-on-month, May casino sales rose 2. Korea Bizwire reported on Tuesday that the Bareunmirae Party β€” characterised by pundits as being centre-right in its political outlook β€” wanted to see a casino that could be open to … [Read more It is said to include … [Read more The South Korean government has been successful in its attempt to curb revenue growth at Kangwon Land, the only casino in South Korea that is allowed to take bets from locals, which saw its fourth quarter profit drop by Kangwon Land was told by the government to reduce the number of hours it is open over the last year and has also had to reduce its number of mass … [Read more Paradise reported table drop of KRW Landing International, the operator of the Jeju Shinhwa World IR in South Korea, said it expects to post a loss for after discontinuing two businesses, posting higher operating expenses and changing accounting practices. In South Korea, there are anti-gambling laws that forbid the act of gambling even if it is done in a country where gambling is … [Read more Despite a 9. Both table games … [Read more The authorities tasked with overseeing the operations of local casinos have been lax in their oversight for the past three years, a lawmaker said Wednesday. GKL was one of two companies to receive the low mark alongside Korea Coal Corporation, with the evaluation focusing primarily on ethical practices and contribution to job growth in attributing its performance … [Read more The Asian Poker Tour has announced a new sponsorship deal with online cryptocurrency poker site CoinPoker that will see players offered the chance to qualify for APT events online. The casino had previously been scheduled for a December 8 launch, which was subsequently put back further. The company is known as Mohegan Sun and based in the state of Connecticut, … [Read more Paradise Co. They are accused of requesting illegal favors in the selection of trainees at the casino and … [Read more Table games were … [Read more The number of visitors to foreigners-only casinos in South Korea fell for a third year in due mainly to the fallout of a Sino-Korean row over a missile defense system, government data showed Friday. After Kangwon Land opened in , his job description at Gohan Nambu Church, sitting at the foot of the casino, slowly evolved to include … [Read more Korean President Moon Jae-in has fired employees of Kangwon Land found to have been hired via political connections. Seungri and Yang Hyun-suk, the former CEO of YG Entertainment, were booked by the police earlier this month on charges of gambling in a foreign country and securing gambling money in violation … [Read more Korean integrated resort Paradise City is on track to finally turn profitable in 3Q19, according to JP Morgan analysts, buoyed by lower expenses and the ongoing ramp of both its gaming and non-gaming segments. Reports out of South Korea suggest that the Governor of Jeju wants to crack down on casino development on the island, which already is already home to nine casinos. Conversely, … [Read more Foreigner-only revenue amounted to KRW Revenue at Kangwon Land, the only casino permitted to allow locals to gamble, fell 8 percent to KRW14 billion … [Read more Koreans in their 20s are going heavily into debt, sometimes borrowing from loan sharks, because they are addicted to video games, spending on expensive consumer items and gambling, sometimes in hopes of winning so they can go out drinking with their friends. The group also … [Read more Two lawmakers from the main opposition party in South Korea have been indicted in connection with a job placement scandal at Kangwon Land, local media reports. According to documents … [Read more Landing International Development swung to a loss in the first half due to an 80 percent drop in gaming revenue. The company was aided by better luck compared to the same month in , with table drop up just 1. Mario … [Read more The ratings … [Read more Non-gaming … [Read more Sometimes, all you need is a private jet. A minority political party in North Jeolla province in South Korea has resurrected the notion of casino development on the coast there as part of an effort to woo more tourists and stimulate economic growth. Park Min-soon, head of the cybercrimes division at Gyeonggi Provincial Police Agency, said Tuesday it is believed at least one of the players missed shots intentionally during a game that he placed a bet on … [Read more{/INSERTKEYS}{/PARAGRAPH} The loss attributable to the owners of the … [Read more Police plan to summon this week Seungri, a former member of popular K-pop boy band BIGBANG, and the former chief of the band's music label on charges of overseas gambling, according to officials Sunday. South Korea's first casino resort has been unlucky with the timing of its grand opening this week as a diplomatic spat scares off gamblers from neighboring China who usually account for about half of Korea's foreigner gaming revenue. Soon after property tycoon Yang Zhihui bet his fortune on luring Chinese gamblers and investors to a giant casino resort project in South Korea, his ambitions were threatened by an economic war that flared up between the two nations. A senior executive of a U. Grand Korea Leisure Co. SEOUL, South Korea AP β€” South Korean prosecutors have indicted a leading baseball player for allegedly manipulating games for gambling purposes in what could be another blow to the reputation of the country's professional sports leagues. The former head of the only Korean casino at which locals are allowed to gamble, Kangwon Land, has been sentenced to three years in prison for illegally hiring hundreds of staff via political and internal connections. Kim Su-min of the minor opposition Bareunmirae Part accused the culture ministry of being excessively lenient to illegal activities taking place at them as it did not suspend any of their business licenses. Foreigners-only casinos in South Korea have taken a big hit from the fallout of a diplomatic row between Seoul and Beijing over the deployment of an advanced missile defense shield here, industry sources said Wednesday. {PARAGRAPH}{INSERTKEYS}Paradise even extended the lockdown until April 20 for its casinos in Seoul, Busan … [Read more Despite the casino industry being a … [Read more Kangwon Land, the only casino in Korea at which locals are allowed to gamble, closed its doors for 24 hours on Sunday due to the Coronavirus β€” just the second time in its history that operations have been suspended. Governor Won Hee-ryong has publicly lauded a law change that would stop the transfer of casino licences from one property to another. Representatives Kweon Seong-dong and Yeom Dong-yeol were charged with abuse of power and business interference, but were not detained. The promoter of the Paradise City casino resort at Incheon, South Korea, says the second stage of phase one featuring new non-gaming facilities, will open on September 21, marking an aggregate investment so far of nearly KRW1. The year-on-year increase in casino sales was sustained by a The funds will be used for the development of the second stage of the Paradise City casino resort pictured , in South Korea, with a … [Read more Caesars Korea β€” the first Asian casino resort developed by U. As reported by South Korean news agency Yonhap, Choi Hung-jib was found guilty by the Chuncheon District Court on Tuesday of instructing officials to adjust job assessments to … [Read more Casino revenue at foreigner-only operator Paradise Co Ltd increased by Paradise Co reported on Monday that it recorded … [Read more The company reported casino sales of approximately KRW Judged month-on-month, November casino sales rose The year-on-year increase in casino … [Read more The partnership, coming hot on the heels of a deal with live … [Read more Under the agreement, Mohegan Gaming will add a Paramount Pictures-branded theme park at … [Read more Such revenue was approximately KRW Revenue from sales declined by 3. Multiple hotels and restaurants, a ski lodge, a water park, and even a casino. Landing International Development Ltd, which operates Korean integrated resort Jeju Shinhwa World, has undertaken its capital reorganization after shareholders voted overwhelmingly in favor of the move at a board meeting this week. The scheme, being co-developed with … [Read more Today, Mohegan Gaming and Entertainment has reached an agreement to buy out its partners in the project … [Read more The agreement was reached in the quarter that ended March 31, MGE executives announced late last week during an earnings call with investors and gaming-industry analysts. The fall in casino gaming activity was linked to a similar 6. Casino revenue made up the majority of total revenue for the quarter, reaching KRW Paradise said casino revenue was led by its Seoul Walkerhill and Busan casino properties. Blue House spokesman Kim Eui-kyeom told local press on Thursday that the government was set to initiate the process of dismissing all employees who landed their positions as a result of corrupt and unfair hiring practices at Kangwon Land, the only casino in Korea where locals … [Read more The casino at Jeju Shinhwa World in South Korea opened to the public on Sunday, four months after some of the first resort facilities were launched to paying customers. In March last year, China banned the sale of package tours to South Korea and took other retaliatory measures against South Korean companies following the installation of a … [Read more Of all 18 casinos in South Korea, only one is legally open to locals: Kangwon Land, located in the remote highlands of Gangwon Province, where the Olympics took place last month.