Tag Archives: South Korea
- Kangwon Land outlook revised amid South Korea political crisis
March 20, 2017
International credit-debt watcher Morgan Stanley has downgraded its outlook on South Korea’s Kangwon Land casino amid political turmoil in the country. In its latest report, Morgan Stanley pointed out that South Korea’s sole locals-only casino took a beating due to the political crisis that resulted to the impeachment of President...
- World Poker Tour forced to cancel Korean event after travel chaos
March 15, 2017
The World Poker Tour are airing on the side of caution by cancelling their planned National Festival in South Korea after rising tensions between the host nation and China creates travel chaos. If you ever wondered why the World Poker Tour (WPT) organised a National Festival on the South Korean...
- South Korea’s Paradise City to launch first phase on April 20
March 10, 2017
South Korea’s Paradise City casino resort has finally set an opening date. Japanese pachinko operator Sega Sammy Holdings announced that the integrated resort will open its first phase on April 20. In a statement, the Tokyo-based company said the initial phase of the resort, which sits on 330,000 square meters...
- South Korea gambling industry to lose in SK-China row
March 8, 2017
The simmering geopolitical tension between China and South Korea may drive Chinese casino high rollers away from the land of the morning calm. Analyst David Bain of Aegis Capital Corp. noted in a note on Monday that China’s “escalating economic retaliation” against the deployment of a U.S. missile system on...
- Paradise Co. Ltd casino revenue grows 13.5% in Feb
March 7, 2017
South Korea’s foreigner-only casino operator Paradise Co. Ltd posted KRW42.62 billion (US$36.9 million) casino revenue in February 2017. GGRAsia reported that Paradise Co. announced that it chalked up 13.5 percent casino revenue growth in February 2017, reversing the slump it had in the previous year. But Paradise’s casino revenue for...
- South Korea gambling revenue tops $17B in 2016
March 6, 2017
South Korea's gambling industry continues to defy the odds, despite the economic downturn the country is facing. For the second year in a row, the gambling sector grew 7.7 percent to reach KRW20.3 trillion (USD17.6 billion) in 2016 from a year earlier, according to The National Gambling Control Commission. The...