Grand Korea Leisure’s June casino sales down 68% on 2019 levels
Korean foreigner-only casino operator Grand Korea Leisure (GKL) has reported a 68.0% year-on-year decline in casino sales to KRW12.48 billion (US$10.4 million) in June as the impact of COVID-19 on international travel continues to hit the sector. GKL’s two casinos...
Read moreCurrent issue
Mohegan Gaming boss Kontomerkos says Inspire Korea on track for 2022 launch
The CEO of US tribal casino operator Mohegan Gaming & Entertainment says the company remains on track to open its South Korean integrated resort Inspire in 2022. In an interview with casino.org over the weekend, Mario Kontomerkos said that international...
Paradise Co suffers 80.8% revenue decline in June as local expat demand softens
Korea’s leading foreigner-only casino operator, Paradise Co, saw its casino revenue fall 80.8% year-on-year to KRW13.82 billion (US$11.5 million) in June as COVID-19 continues to impact traffic. The June revenue figure also represents a 53.6% decline on May’s casino revenue...
Grand Korea Leisure sees 73.7% fall in casino sales in first month since re-opening
Korean foreigner-only casino operator Grand Korea Leisure saw its casino sales plummet 73.7% year-on-year to KRW10.36 billion (US$8.6 million) in May, impacted by the COVID-19 pandemic which continues to limit global travel. GKL’s two casinos in Seoul and one in...
Pent-up demand among expats boosts May revenue for Korea’s Paradise Co
Korea’s leading foreigner-only casino operator, Paradise Co, reported casino revenue of KRW29.80 billion (US$24.5 million) in May, down 51.2% year-on-year but considerably higher than the KRW7.94 billion (US$6.5 million) in April revenue following the reopening of the company’s four properties....
Current issue
Kangwon Land suspends main gaming floor reopening after spike in Korean COVID-19 cases
Kangwon Land, the only South Korean casino in which locals are allowed to gamble, has cancelled plans to reopen its main gaming floor today following a sudden spike in new cases of COVID-19 across the country. South Korean authorities reported...
Kangwon Land granted extended opening hours and more gaming tables following COVID-19 closure
South Korea’s Ministry of Culture, Sports and Tourism has informed Kangwon Land Co Ltd it will be granted permission to extend its operating hours and open more gaming tables once the mass gaming floor reopens after extending its casino license...
Lengthy COVID-19 closure sees Kangwon Land fall into loss in 1Q20 on 37.5% revenue decline
Kangwon Land, the only South Korean casino in which locals are allowed to gamble, has reported a 37.5% decline in sales to KRW236.01 billion (US$192.4 million) for the three months to 31 March 2020, heavily impacted by the closure of...
