Tag Archives: jeju island
- Landing International anticipating $127M net loss in 2016
January 11, 2017
Hong Kong-listed property developer Landing International Development Ltd is apparently preparing its investors for the worst. On Tuesday, Landing International disclosed to the Hong Kong Stock Exchange that the company is expecting its 2016 net loss to widen. They estimated that the firm’s annual net loss would balloon to HKD987.97...
- Casinos on South Korea’s Jeju island face greater scrutiny
December 5, 2016
Casinos on South Korea’s Jeju Island will face tougher scrutiny as the local government tries to reduce casino-related crime. On Sunday, the Korea Times reported that Jeju’s provincial government plans to introduce new legislation seeking greater transparency from the foreigners-only casinos operating on the island. The new legislation, which will...
- Genting Singapore abandons Jeju casino stake in favor of Japan license
November 14, 2016
Genting Singapore Plc is walking away from its casino joint venture on South Korea’s Jeju Island as it gears up for a possible integrated resort license application in Japan. The casino operator announced over the weekend that it is selling its 50 percent stake to its joint venture partner, Hong...
- Seoul government turns down Jeju’s proposal for gaming tax hike
May 23, 2016
A proposal that sought to double the gross gaming revenue (GGR) tax in South Korea’s Jeju Island has been rebuffed by the national government in Seoul, Union Gaming Securities Asia said on Monday. Authorities in Jeju were proposing a gaming policy package that would see the taxation on GGR increase...
- Bloomberry’s Jeju casino to suspend operations until December
November 11, 2015
Enrique Razon’s new venture in Korea’s Jeju Island is shutting its doors temporarily. In a disclosure to the Philippine Stock Exchange, Bloomberry Resorts said the island’s gaming regulator CRD suspended the Jeju Sun Hotel and Casino’s gaming operations for one month “as penalty for the acts of its previous casino...
- South Korea: Sexual services for gamblers offered by Chinese agency
October 19, 2015
Tourism authorities in South Korea are refuting reports that casinos in Jeju Island are offering sexual services to lure Chinese gamblers. Last week, state-run television network China Central Television (CCTV) ran an expose in which it claimed that there was a contract promising sexual services to gamblers if they buy...