Grand Korea Leisure has been recognized by the Korea National Council on Social Welfare for the second consecutive year for its charitable contributions to the community.
Paradise Co. has turned in its November sales figures, and they are quite grim. Casino net revenues for the month reached only KRW9.74 billion (US$8.9 million), down 85.4 percent from the previous November’s figure.
Grand Korea Leisure has confirmed in a filing that its Busan Lotte casino has also suspended business in connection with the spread of Covid-19 infect
It is not only its casino floor that has been disrupted by the Covid-19 pandemic, but also Kangwon Land’s diversification effort to build and sell its own brand of slot machines, KL Saberi, that is facing difficulties.
Grand Korea Leisure has reported September sales at KRW9.4 billion (US$8.1 million), a figure that was down over 76 percent from the 2019 numbers.
Kangwon Land, which has suffered long periods of closure under the impact of the Covid-19 impact, is now estimating that its casino revenues for 2020
Paradise Co., which operates foreigner-only casinos in South Korea, saw an improvement in sales in September from the prior month, even though they were down 71 percent from the prior year.
On Tuesday, about a thousand Lotte Tour Development employees were notified that they should prepare to show up at the newly-constructed Jeju Dream To
Lotte Tour Development shareholders gave their consent on Monday for the company, established in 1971, to move its headquarters from Seoul to the soon
South Korea’s National Pension Service has been reducing its stake in Grand Korea Leisure, a movement attributed to concerns that Covid-19 will exer
Grand Korea Leisure and Kangwon Land, both of them government operated enterprises, have entered into an agreement on the limited exchange of personne
When anyone mentions online gaming in Asia, one country used to come to mind as the primary target – China.
The Covid-19 pandemic may be a trigger for South Korea to rethink its foreigner-only casino policy, as the country’s casinos struggle with a lack of tourism revenue.
Kangwon Land outperformed South Korea’s foreigner-only casinos in 2019, with turnover rising 5.8 percent compared with a drop of 10.9 percent for 16 other properties.
South Korean civil society organizations are crying foul after it was revealed that the second-largest investor in Lotte Tour Development, soon expect
South Korea’s Paradise Co. reported a 75 percent drop in August sales compared with the same month last year, though revenue was little changed from the prior month.
Paradise City in Incheon and Kangwon Land in Gangwon Province have separately announced that they are extending closures of their casino business due
New Silkroad Culturaltainment said its project to develop an IR on Jeju Island in South Korea remains stalled due to project finance delays.
Grand Korea Leisure saw its sales drop again in August from the prior month after showing signs of a month-on-month improvement in July.
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