Tag Archives: South Korea
- Mohegan Gaming delay South Korea casino groundbreaking
November 16, 2017
Political uncertainty is not to blame for US casino operator Mohegan Gaming & Entertainment (MGE) delaying the groundbreaking of its South Korean integrated resort project. This week, Mohegan chairman Kevin Brown told The Day that the planned mid-November groundbreaking ceremony of the $1.6b first phase of the Inspire integrated resort...
- South Korea casinos have mixed Q3 results but gov’t always wins
November 8, 2017
South Korean casino operator Grand Korea Leisure (GKL) enjoyed solid gains in Q3 while rival Kangwon Land continues to struggle. GKL, which operates three Seven Luck foreigner-only casinos (two in Seoul, one in Busan), reported revenue of KRW 138.7b (US $124.5m) in the three months ending September 30, a year-on-year...
- Paradise Co net profit sinks 86.5% in Q3
November 7, 2017
The losing streak of South Korean casino operator Paradise Co. Ltd. continued in the third quarter despite the seeing a recovery in Chinese VIP play. Paradise Co., which runs foreigner-only casinos, saw its net profit plunge by 86.5 percent to KRW1.4 billion ($1.26 million) from KRW10.45 billion ($9.39 million) in...
- Philippine police colonel suspect in junket operator kidnap, murder
October 31, 2017
A Philippine police colonel is among the suspects in the recent kidnapping and murder of a local casino junket operator. On October 21, junket operator Oscar Tan aka Carlos Abad Tan and his chauffeur were abducted en route to the Ninoy Aquino International Airport in Manila. Tan’s driver was released...
- Are all South Koreans in Thailand running online gambling sites?
October 18, 2017
Like a stubbornly recurring infection, Thailand once again finds its body politic plagued by South Korean illegal online gambling operators. On Wednesday, Thai media reported that Crime Suppression Division officers had arrested four South Korean nationals suspected of operating illegal online gambling sites from a rented house in Bangkok. The...
- Landing International shifts focus on regional market tourists
October 3, 2017
Hong Kong-listed casino operator Landing International Development Ltd. is wooing tourists from nearby regional markets as the number of Chinese tourists thins due to the ongoing political row between Seoul and Beijing. South China Morning Post reported that Landing’s marketing strategy now focuses on luring tourists from Japan, South Korea,...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
China only pretending to fight bitcoin
September 12, 2017
Bitcoin recovers from price slump after China’s ICO ban
September 8, 2017