SEOUL, Jan. 24 (Korea Bizwire) — The Ministry of Culture, Sports and Tourism said Wednesday it has granted Inspire Integrated Resort Co. a license to operate a foreigners-only casino at its resort in Incheon. This marks the first time such permission has been granted in South Korea since 2005. Currently, South Korea has 17 casinos, [...]
JEONGSUN, July 6 (Korea Bizwire) — Kangwon Land Inc., the state-run casino operator in Jeongsun, Gangwon Province, said Wednesday it will invest 5.7 billion won (US$4.38 million) to produce 631,200 new casino chips by 2024. This will mark the third replacement of chips at the casino since 2003, with all the old chips being gradually [...]
SEOUL, Aug. 9 (Korea Bizwire) — Casinos on the southern resort land of Jeju are making an offensive to fill in the gap created after Macau’s shrinking presence in the industry following China’s blockade of the city to fend off COVID-19. Lotte Tour Development Co., the operator of the Jeju Dream Tower Resort, announced Monday [...]
SEOUL, July 20 (Korea Bizwire) — A recent study revealed that gamblers who once used to frequent Kangwon Land, the country’s only casino open to locals, are now engaging in illegal gambling after it was shut down following the coronavirus outbreak. Kim Yong-geun, a member of Kangwon Land’s addiction management center, and Hong Hye-mi, a [...]
JEJU, June 24 (Korea Bizwire) — A foreigner-only casino in the Jeju Dream Tower integrated resort, which opened on June 11 in the southern resort island of Jeju, recorded its first jackpot win only 12 days after opening. According to Lotte Tour Development, a Chinese man in his 40s who resides in South Korea won [...]
SEOUL, Feb. 3 (Korea Bizwire) — Major casinos in South Korea have banned the entry of groups of Chinese tourists, in a move to contain the fast-spreading China coronavirus, industry sources said Monday. Paradise, which operates a foreigner-only casino in the country, has not allowed the entry of Chinese tourists since Jan. 27. The company [...]
JEONJU, Jun. 4 (Korea Bizwire) — Controversy has reignited three years after politicians brought up the issue of building a casino for South Korean nationals in the Saemangeum reclaimed land, located in North Jeolla Province. The proposal was suspended in 2016 when the National Assembly adhered to the public opinion opposing the initiative. This year, [...]
MACAU, May 20 (Korea Bizwire) — NRT, one of the largest FinTech and information technology companies in the gaming industry, will be exhibiting at the Global Gaming Expo Asia (G2E Asia) from May 21-23, 2019, at the Venetian Macao. NRT will be displaying a suite of its latest technologies in booth A825, including ticket redemption and cash [...]
JEJU, Jan. 22 (Korea Bizwire) — Jeju Island will conduct special monitoring on foreigner-only casinos from January 31 to February 24. The island will organize a team of experts to monitor eight casinos established for foreigners to verify if Korean migrants are taking proper steps to enter the casino. The island will also educate casino [...]
INCHEON, Sept. 13 (Korea Bizwire) – South Korea’s first casino and hotel complex Paradise City will open more entertainment and leisure facilities next week, its operator said Thursday. The 330,000-square-meter resort’s second round of opening will encompass a new boutique hotel, a spa, a club and a shopping arcade, according to Paradise Segasammy Co. “We [...]