Thursday 5 June 2025

IAG

No Result

View All Result

No Result

View All Result

IAG

No Result

View All Result

Six of Jeju’s eight casinos now closed

by Newsdesk

Fri 16 Apr 2021 at 06:41

Landing Casino

80

SHARES

2k

VIEWS

Just two of the eight casinos on South Korea’s Jeju Island are currently operational after it was revealed that Gongzi Jeju has become the sixth to close its doors over the past 12 months.

Gongzi Jeju joins MegaLuck, Royal Palace, Yalanwan and Bloomberry Resorts’ Jeju Sun – which all suspended operations last year due to the impact of the COVID-19 – as well as Lotte Tour Development’s LT Casino which closed earlier this month in order to relocate to Jeju Dream Tower.

The new casino at Jeju Dream Tower is scheduled to open in May.

With six casinos now closed, only two are currently operational – Landing Casino at Jeju Shinhwa World and Paradise Co’s Paradise Casino Jeju Grand.

As previously reported by IAG, casino sales on Jeju fell by almost 65% year-on-year to just KRW69.30 billion (US$61.5 million) in 2020 – well down on the island’s 2017 record of KRW432.73 billion (US$384 million).

RelatedPosts

Grand Korea Leisure’s June casino sales down 68% on 2019 levels

Grand Korea Leisure continues steady rise with casino revenues of US$22.4 million in May

Wed 4 Jun 2025 at 23:50

Korea recovery continues as Paradise Co sees June revenue soar 25.9%

Korea’s Paradise Co enjoys best month of the year in May as casino revenues hit US$61 million

Wed 4 Jun 2025 at 23:43

JP Morgan analysis says Bangkok IRs could generate combined US$5 billion annually

Entertainment complexes can transform Thailand’s concert and sports scene by incorporating world-class arenas, says government

Wed 4 Jun 2025 at 23:34

A who’s who of Thai society to join major local media contingent for TECR

A who’s who of Thai society to join major local media contingent for TECR

Tue 3 Jun 2025 at 18:55

Load More

Tags: casinos Jeju Island Jeju Shinhwa World Landing Casino Paradise Casino Jeju Grand South Korea

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke

Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell

Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke

Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia

GLI

Mindslot

Solaire

Tecnet

Nustar

Jumbo

Related Posts

Grand Korea Leisure’s June casino sales down 68% on 2019 levels

Grand Korea Leisure continues steady rise with casino revenues of US$22.4 million in May

Wed 4 Jun 2025 at 23:50

Foreigner-only casino operator Grand Korea Leisure reported casino revenue of KRW30.6 billion (US$22.4 million) in May, up 4.0% year-on-year but down 15.3% compared with April. GKL’s casino revenue comprised a 1.9% year-on-year increase in table revenue to KRW27.1 billion (US$19.8...

Korea recovery continues as Paradise Co sees June revenue soar 25.9%

Korea’s Paradise Co enjoys best month of the year in May as casino revenues hit US$61 million

Wed 4 Jun 2025 at 23:43

Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW83.6 billion (US$61.2 million) in May, up 10.3% year-on-year and 24.2% higher than in April, according to information filed with the Korea Exchange. It was also the company’s best...

Macao Government Tourism Office to hold roadshow in Bangkok this Friday, all six concessionaires to attend

Macao Government Tourism Office to hold roadshow in Bangkok this Friday, all six concessionaires to attend

Wed 4 Jun 2025 at 23:35

The Macao Government Tourism Office (MGTO) will host a large-scale roadshow in Bangkok this Friday, with all six concessionaires in attendance as they look to further promote Macau’s tourism appeal. According to information from the tourism body, the roadshow represents...

JP Morgan analysis says Bangkok IRs could generate combined US$5 billion annually

Entertainment complexes can transform Thailand’s concert and sports scene by incorporating world-class arenas, says government

by Ben Blaschke

Wed 4 Jun 2025 at 23:34

Legalizing casino gaming within large-scale, multi-billion-dollar entertainment complexes would allow Thailand to develop the world-class concert and sporting venues it currently lacks, the government explained during an official Press Briefing on Wednesday. It also cited the opportunity to build “globally...

No Result

View All Result

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