• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 2 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

South Korea’s foreigner-only casinos tipped to reach 50% of pre-pandemic levels in 2022

Newsdesk by Newsdesk
Tue 31 May 2022 at 05:50
Damage Control – Korea’s COVID calamity

Jeju Sun Casino

20
SHARES
493
VIEWS
Print Friendly, PDF & Email

South Korea’s foreigner-only casinos are tipped to reach 50% of 2019 business levels this year, boosted by the anticipated return of tourists from Japan.

In an article for Business Korea, NH Investment & Securities analyst Hazell Lee said the resumption of visa-free travel for Japanese citizens, expected to resume around July, would see “pent-up demand from Japanese VIPs … unleashed from 2H22.”

According to Lee, Japanese visitors accounted for the low-40% range of customers at foreigner-only casinos in South Korea prior to the COVID-19 pandemic, with Chinese customers in the mid-30% range – representing their top two customer sources.

However, while Japanese customers will soon return, “China is adhering to its zero-COVID policy and as its junket regulations remain in effect, it is difficult to expect Chinese VIP demand to return to the pre-pandemic normal this year.”

Lee said the nation’s only casino at which locals are permitted to gamble, Kangwon Land, will therefore recover first, followed by integrated resorts with non-casino facilities that are open to domestic customers and foreigner-exclusive casinos.

“We present Kangwon Land as our sector top pick, where the benefits of expanded operating capacity (operating hours and number of tables) should become visible alongside business normalization from 2H22,” Lee wrote.

RelatedPosts

PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

Wed 30 Jul 2025 at 17:05
Kangwon Land GGR up 3.8% year-on-year on higher VIP play

Korea’s Kangwon Land cites positive impact of recently raised casino betting limits as 2Q25 GGR hits US$260 million  

Wed 30 Jul 2025 at 05:37
Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Thu 24 Jul 2025 at 10:35
SkyCity launches mandatory carded play across its three New Zealand casinos

SkyCity launches mandatory carded play across its three New Zealand casinos

Wed 23 Jul 2025 at 09:44
Load More
Tags: casinoscovid-19foreigner-only casinosHazell LeeSouth Korea
Share8Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

by Ben Blaschke
Fri 1 Aug 2025 at 13:02

Star Entertainment Group’s Hong Kong partners have officially closed the door on a deal that would have seen them acquire Star’s 50% stake in their AU$3.6 billion Queen’s Wharf Brisbane development. In a Friday release, Star confirmed that Chow Tai...

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

by Ben Blaschke
Fri 1 Aug 2025 at 12:49

Macau’s casinos recorded gross gaming revenue of MOP$22.13 billion (US$2.73 billion) in July, up 19.0% year-on-year and setting a new post-pandemic record, according to information from the Gaming Inspection and Coordination Bureau (DICJ). The month-on-month rise comes largely unexpected, with...

Melco’s long-stalled Countdown Hotel at City of Dreams to be converted into 150-key all-suite hotel

Melco’s long-stalled Countdown Hotel at City of Dreams to be converted into 150-key all-suite hotel

by Ben Blaschke
Fri 1 Aug 2025 at 06:45

Melco Resorts & Entertainment has revealed new plans for its long-stalled Countdown Hotel transformation project at City of Dreams Macau, with the tower to be rebranded and its existing 330 standard hotel rooms converted into 150 high-end suites. The renovation...

Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

Wynn Macau locks in US$1 billion increase to facilities agreement

by Newsdesk
Fri 1 Aug 2025 at 06:20

Wynn Macau Ltd said in a Thursday filing that it has reached an agreement with its lenders to increase the amount available under a revolving facilities agreement by US$1 billion. The total amount made available by lenders under the facility...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English