• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 9 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

2017 Inside Asian Gaming Power 50: Number 48 – Lee Ki-woo

Newsdesk by Newsdesk
Tue 5 Dec 2017 at 06:08
Print Friendly, PDF & Email

48 Lee Ki-woo

PRESIDENT AND CEO
Grand Korea Leisure

CLAIMS TO FAME
• Runs one of Korea’s leading operators of foreigners-only casinos
• Previously served at the Korean Consulate General in Canada and the Korean Embassy in the US

POWER SCORE 560 LAST YEAR 48

Exactly what the future holds for the government-affiliated Grand Korea Leisure (GKL) is open to debate, but there is no doubt the wind has been knocked out of its sails over the past two years.

A subsidiary of the Korea National Tourism Organization, GKL was established in 2005 to promote tourism and raise funds, opening a number of foreigners-only casinos under its Seven Luck brand. For the most part the plan has worked, with GKL one of two companies – alongside Paradise Group – to dominate market share with around 90% between them.

But cracks began to appear in 2015 when six GKL employees were arrested in China for allegedly marketing the company’s casino operations to Chinese gamblers. While Paradise was also caught up in the scandal, the fact that GKL has government ties didn’t sit well with their primary market.

How much this impacted the company’s decision not to bid for one of two new licenses issued last year for integrated resorts in Incheon is unknown.

It does, however, suggest its gaming ambitions are limited. For Lee Ki-woo, who took over from Lim Byoung-soo as GKL’s President and CEO shortly after the 2015 arrests, his time in the top job has been anything but smooth. And if he had hoped for a better run in 2017, the THAAD missile crisis quickly put paid to that with GKL’s revenue by the middle of the year declining 11.5% and profit 37% on 2016 numbers.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

Share1Share

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

The 2024 Asian Gaming Power 50

The 2024 Asian Gaming Power 50

by Andrew W Scott
Tue 12 Nov 2024 at 17:04

Long established as the definitive list of the most influential figures and personalities in the regional industry, IAG’s Asian Gaming Power 50 celebrates its 17th anniversary in 2024. It is now 16 years since Inside Asian Gaming first published the...

The 2024 Asian Gaming Power 50 List

2024 Asian Gaming Power 50: Meet the panel

by Newsdesk
Tue 12 Nov 2024 at 16:39

IAG introduces the seven members of the judging panel who have determined this year’s Asian Gaming Power 50 list. Andrew is a gaming industry expert and media publisher, commentator and advisor. He has 38 years industry experience and has lived...

The 2024 Asian Gaming Power 50 List

The 2024 Asian Gaming Power 50 List

by Newsdesk
Tue 12 Nov 2024 at 16:28

RANK POWER SCORE NAME TITLE ORGANIZATION 1 5,698 FRANCIS LUI VICE CHAIRMAN Galaxy Entertainment Group 2 4,489 ROBERT GOLDSTEIN CHAIRMAN AND CEO Las Vegas Sands 3 4,421 PANSY HO CHAIRPERSON AND EXECUTIVE DIRECTOR MGM China 4 4,412 LAWRENCE HO CHAIRMAN...

2024 Asian Gaming Power 50: Number 4 – Lawrence Ho

2024 Asian Gaming Power 50: Number 1 – Francis Lui

by Newsdesk
Tue 12 Nov 2024 at 16:27

CLAIMS TO FAME Built Galaxy into Macau’s de facto local gaming champion Continuing to build out largest single land plot in Cotai via Galaxy Macau Holds strategic stakes in Monte Carlo casino operator SBM and Wynn Resorts It’s been quite...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English