Net profit of South Korea’s second largest foreigners-only casino operator Grand Korea Leisure (GKL) plunged by 29.7 percent in 2017.
South Korea's Kangwon Land announces that it will close its casino floor two hours earlier each morning starting April 1 to comply with government order.
Suspecting illegal gambling activity, South Korean police launch investigation into margin trading at Coinone cryptocurrency exchange.
South Korean casino operator Paradise Co Ltd reported 2017's full-year sales falling 8.6% from 2016's total due to China tourism uncertainty.
Landing International is postponing the opening of its casino on Jeju Island after the provincial council decided to sit on its relocation request.
The Chinese government has reportedly changed its mind on its plans to loosen restrictions on package tours to South Korea.
The already-burdened Kangwon Land will face additional pressure from the government's Gambling Industry Reform Plan.
South Korea’s foreigner-only casino operator Paradise Co. Ltd. posted a KRW54.78 billion revenue in November on the back of a vibrant slot machine segment.
Korean authorities have arrested the former CEO of casino operator Kangwon Land along with several others on allegations of cronyism.
China plans to ease restrictions on package tours to South Korea, potentially offering a badly needed boost to local foreigners-only casino operators.