Tag Archives: jeju island
- South Korean casinos eagerly await end to Chinese tourism spat
July 19, 2017
Gongzi Jeju, the newest foreigners-only casino on South Korea’s Jeju island, held its official grand opening on Sunday. The Gongzi Jeju Casino, which is based within the Ramada Plaza Jeju Hotel complex, held a “pre-launch gala ceremony” in April following the completion of a lengthy renovation and rebranding from its...
- Majestar to suspend Jeju casino ops over previous owners’ antics
April 7, 2017
South Korean casino operator Majestar Co Ltd will temporarily suspend operations at its Jeju island gaming venue this summer as punishment for the previous ownership’s shenanigans. On Friday, Majestar informed the South Korea stock exchange that it would close its Jeju Shilla Hotel & Casino on Jeju island starting June...
- 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...
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017
Chinese tourists maintain biggest spenders’ crown
April 13, 2017