Paradise Co. reported its casino sales in January declined 36.2 percent from the prior month, after seeing strong improvement in December.
South Korea's Paradise Co. reported a 36.2 percent drop in casino sales for January, compared with the prior month, to KRW27.28 billion ($24.5 million).
A January debt refinancing has had a "meaningful positive impact" on Mohegan Tribal Gaming Authority's liquidity, says Moody's Investor Services, explaining why it has upgraded its Corporate Family Rating to Caa1 from Caa2 and Probability of Default Rating...
Grand Korea Leisure has issued a filing announcing that its two casinos in Seoul and the one in Busan will be extending their closures until February 15 under the continuing impact of the coronavirus pandemic.
The local government has confirmed receipt on January 29 of Lotte Tour Development’s application to move its LT Casino to an expanded location within the new Jeju Dream Tower. The firm hopes that the foreigner-only casino can open in March.
Lotte Tour Development is reportedly planning to submit its application to license its casino within Jeju Dream Tower this month. The firm is aiming for a March opening.
Accusations have appeared in the Korean media alleging that Paradise Co, used some questionable tactics to encourage some employees into early retirement as part of the firm’s measures to reduce costs.
South Korean police have arrested one of three subjects sought in connection with the theft of about $13.3 million from Landing International's Jeju casino. The unidentified man was described as an employee of an agent company that attracts and manages...
The Jeju Tourism Service Union, LEK Branch of the Federation of Korean Trade Unions, is accusing Landing International of both inept and opaque management practices surrounding the major theft of cash as well as the unfair dismissal of four Jeju Shinhwa...
Grand Korea Leisure has announced that it will be further extending the closure of its three casinos until February 1, making its pause in business activities a full two months.
South Korean police say they believe they have located the bulk of the KRW14.56 billion ($13.3 million) missing from the Jeju Shinhwa World casino are are seeking three suspects.
Caesars Korea, a major IR development project in Incheon, may have its license canceled in March due to the long suspension of construction activities and the failure to meet various benchmarks and commitments.
South Korean police have discovered cash worth KRW8.1 billion ($7.4 million) at a resort on Jeju island and are trying to determine whether it is linked to a cash pile of KRW14.56 billion that went missing from Landing International's casino at Jeju Shinhwa...
Kangwon Land on Tuesday installed about a hundred new slot machines on its gaming floor from its own brand manufacturer, KL Saberi, including nine new titles.
It may not precisely be Ocean’s Eleven, but the theft from the casino at Landing International Development’s Jeju Shinhwa World has nevertheless captured the imagination of both the Korean domestic and the international news media.
Lotte Tour Development is moving forward with plans to relocate its casino to the Jeju Dream Tower, aiming to begin operations by the end of March. Initially, there will be a focus on local VIPs for the foreigner-only casino.
The Grand Hyatt Jeju hotel within the new Jeju Dream Tower has been granted a five star rating from the Jeju Tourism Association after on-site reviews.
An employee tasked with snow removal at Kangwon Land’s High1 ski resort has been confirmed positive with a Covid-19 infection. It is not believed that the employee had any interaction with visitors.
Landing International has asked the police to track down a female Malaysian employee in charge of cash that went missing from its Jeju island casino, saying she hasn't come to work after leaving for vacation at the end of last year.
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