Location: South Korea
Mohegan fiscal report: Company looks to refinance INSPIRE resort debt
Mohegan Tribal Gaming Authority has released operating results for its fourth quarter and full fiscal year ended Sept. 30, 2024, with a big... more
Korea’s Paradise Co sees casino revenues climb by 10% to US$556 million in 2024
Korea’s Paradise Co saw its casino revenues climb by 10.2% to KRW818.8 billion (US$556 million) in 2024, cementing its position as the... more
CBRE: Positive EBITDA at Mohegan INSPIRE to take a few more quarters
Mohegan’s Korean integrated resort INSPIRE will likely take “a few more quarters” to achieve positive EBITDA, but sufficient liquidity... more
South Korea locals casino to invest billions to attract foreign patrons
Kangwon Land, home of South Korea’s only locals casino, has announced an integrated tourism project to boost foreign patronage. The plan... more
Korea’s Paradise Co forecasts reaching almost $1 billion in sales by 2026
South Korea’s leading foreigner-only casino operator, Paradise Co, said Wednesday it forecasts reaching almost US$1 billion in sales by... more
Grand Korea Leisure sees strong growth in casino revenues in March
Foreigner-only casino operator Grand Korea Leisure reported a 19.9% month-on-month increase in casino revenue to KRW40.4 billion (US$29.9... more
North Korea sold illegal gambling websites to South Korean criminal ring, spy agency says
A North Korean entity under its Workers’ Party has made thousands of illegal online gambling websites and sold them to a South Korean... more
Culture ministry licenses first foreigners-only casino in 19 years
The Ministry of Culture, Sports and Tourism said Wednesday it has granted Inspire Integrated Resort a license to operate a foreigners-only... more
A third of internet cafes in Korea could be illicit gambling operations
Nearly one-third of South Korea’s internet cafes, known locally as “PC bang,” could be illicit gambling operations, warned a police... more
Casino sales at Lotte Tour’s Jeju Dream Tower grow to US$8.7 million in May
Korea’s Lotte Tour Development reported casino sales of KRW11.4 billion (US$8.7 million) at its Jeju integrated resort, Jeju Dream Tower,... more

