Landing appoints industry veteran Yeung Lo to board of directors
Hong Kong-listed Landing International Development Ltd has announced the appointment of gaming industry veteran Yeung Lo as an executive director and authorized representative. The news follows the sudden departure of Ms Zhou Xueyun from the board on Thursday due to...
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2020 Triton Super High Roller poker series to kick off in South Korea
The high stakes Triton Super High Roller Series has announced that it will hold the first of three stops in 2020 at Jeju Shinhwa World’s Landing Casino in Jeju, South Korea, from 10 to 22 February 2020. Billed as the world’s...
Korea’s Paradise Co sees 2019 casino revenue grow 23.4%
Korean casino operator Paradise Co saw casino revenue grow 23.4% in 2019 to KRW784.81 billion, up from KRW636.04 billion 12 months earlier. With December providing a strong finish to the year thanks to a 28.3% year-on-year increase in revenue to...
Hanwha Corporation named as Mohegan’s new Korean contractor as IR development pushes ahead
US tribal casino operator Mohegan Gaming & Entertainment’s first Asian integrated resort project is back on track with the company revealing Korea’s Hanwha Corporation as its new development partner for Inspire Korea near Incheon. The US$1.6 billion phase one development,...
Korea’s casinos on the rise as Paradise, GKL report strong November growth
Korean casino operators Paradise Group and Grand Korea Leisure have enjoyed a positive November with the two foreigner-only firms reporting year-on-year growth of 31.6% and 8.2% respectively. Paradise, which operates four casinos in Korea – Paradise Walker-hill, Jeju Grand, Busan...
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Korea’s locals casino Kangwon Land continues positive momentum with net profit up 37.9% in 3Q19
Korea’s Kangwon Land, the only casino in the country at which locals are allowed to gamble, saw its operating profit increase 12.3% year-on-year to KRW139.2 billion (US$120.2 million) and net profit by 37.9% to KRW128.6 billion in 3Q19, driven by...
Mixed fortunes for Korea’s foreigner-only casino operators in 3Q19
Korea’s leading foreigner-only casino operator, Paradise Co, reported a 626.3% year-on-year increase in income attributable to owners of the company to KRW34.21 billion during the three months to 30 September 2019, driven by a 30.4% rise in sales. Paradise Co...
Opening date for Mohegan’s Inspire Korea pushed to 2022 as Paramount theme park details released
The opening date for Mohegan Gaming and Entertainment’s Korean integrated resort, Inspire, has been delayed with the company’s local partner, Incheon International Airport Corp (IIAC), revealing this week that the start of operations has been pushed back from late 2021...
