Friday, August 12, 2022


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Inspire Korea comes into clearer focus


Mohegan Gaming & Entertainment’s plans for its Inspire Korea IR in Incheon are coming into much clearer focus, especially after CEO Mario Kontomerkos outlined his firm’s vision to Korean journalists earlier this month.

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China firm plans $4.5b Incheon IR


LongRunn International, a Chinese real estate and resorts developer, has reportedly agreed to construct a $4.5 billion property near the Incheon Inter

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Cruise ship terminal earmarked for Incheon


A new cruise ship terminal is set to be built just 5km from Incheon International Airport, with the aim of boosting passenger traffic to the airport a

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First IR seeks to inspire lukewarm market


South Korea’s first true integrated resort is expected to open on April 20, although concerns remain about the potential for growth in the foreigner-only market. When Paradise Group and Japan’s Sega Sammy open their KRW1.3 trillion ($1.1 billion)...

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Lippo officially exits South Korea JV


Hong Kong-listed Lippo Limited has announced on Friday it has exited a joint casino project in Incheon, South Korea, according to a filing to the Hong

South Korea’s first IR to open April 20


Paradise Co. and Japan’s Sega Sammy will open South Korea’s first integrated resort on April 20th on a 330,000 m2 site in Incheon, near the intern

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Mohegan Sun ups non-gaming ante in South Korea


U.S. tribal operator Mohegan Sun says design and permitting for its $5 billion integrated resort in South Korea is proceeding at a rapid pace, and the project is currently on schedule to break ground in 2017 and open in early 2020. 

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Lippo Group considers withdrawing from Korea venture


Hong Kong-listed Lippo Ltd is considering withdrawing from its proposed joint venture with US gaming company Caesars Entertainment Corp. to build a ca

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NagaCorp, GKL pull out of Korea license auction


Hong Kong-listed NagaCorp and Grand Korea Leisure said they will not participate in a bidding process for one of two integrated resort licenses being

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Korea green lights nine resort sites: Union Gaming


Korea's Ministry of Culture, Sports and Tourism has selected 9 foreigners-only integrated resort sites for which the ministry will now conduct a reque

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Lippo Ltd records sharp rise in profit for 2015


Lippo Ltd, which is developing a resort in South Korea, recorded a sharp rise in profit attributable to shareholders of approximately HK$552.2 million

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Grand Korea Leisure signs MOU for Incheon casino


Grand Korea Leisure says it has reached an accord with Incheon International Airport to locate a casino on nearby land. The company signed a memorandu

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Incheon and China's Macrolink agree to bid for casino license


South Korea's City of Incheon and China's Macrolink Group signed an agreement to bid for a license to develop a casino resort in the city, according t

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Paradise net profit down 20.5 percent in 15Q1


South Korean casino operator Paradise Co. Ltd reported a decrease of 20.5 percent in net profit for the first quarter of 2015 to KRW40.5 billion ($37.

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Mohegan Sun proposes $5 billion casino project in South Korea


The operator of the U.S. Mohegan Sun casino announced that it has partnered with South Korea's largest airport in a proposal to build a $5 billion cas

Melco says foreigner-only policy a deterrent in South Korea


Melco Crown Entertainment co-chairman Lawrence Ho said South Korea’s policy of restricting access to locals means the company is not placing a high

South Korea’s Paradise 2014 GGR rises 3.8 percent


South Korea’s Paradise Co. posted a 3.8 percent gain in 2014 gross gambling revenue to 591,267 billion Korean won ($541.6 million).. Table sales w

Lippo/Caesars consortium buys land for Korea casino


A consortium made up of the Lippo group and Caesars Entertainment said they have agreed to buy plots of land in Incheon, South Korea for $95.9 millio

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