Legal
April 7, 2023
South Korean Students Bullied a Classmate for Gambling Money
South Korea has a problem with youth gambling. Unfortunately, the matter seems to only get worse as some minors have begun stealing to fuel their habits. Gambling-related crime is nothing new and, unfortunately, is a prevalent problem. Throw in some minors into the mix and you get a recipe for disaster. Recent reports show that […]
Casino
April 4, 2023
South Korea’s Foreigner-Only Casinos Record Impressive Profits
Surging economic growth appears to be the theme across many popular Asian gambling destinations, as Macau also recorded a sharp rise in revenue. Its slow recovery after the COVID pandemic allowed other gambling hubs like Korea to flourish, challenging the Chinese territory’s previously undisputed regional monopoly. The Region Suffered Tremendously during the Pandemic Korea and […]
Casino
February 24, 2023
Mohegan Provides $120M to Its Inspire Project
The Mohegan Tribal Gaming Authority released an update on its in-development South Korean resort. Inspire Integrated Resort, which will see its parent company expand internationally, will receive further financial backing needed for its completion. As announced, on February 16 Mohegan executed an Equity Commitment Letter and agreed to make certain non-dilutive equity capital contributions to […]
Casino
February 10, 2023
Mohegan Plans to Introduce Non-Gaming Inspire Korea IR Offer in 2023
The Inspire Korea IR developed by Mohegan Gaming & Entertainment should be able to open ahead of its original schedule, and a non-gaming offering should already be available before the end of 2023, the company confirmed during its latest earnings call, summing up the results for the fourth quarter. Tourism Big Focus of Upcoming Project […]
Casino
November 15, 2022
South Korea Awaits Extradition of Suspect Linked to $13.4B Landing Casino Theft
South Korean authorities have been able to relaunch the investigation into the theft of $13.4 million (KRW 14.6 billion) worth of cash from Jeju’s Landing Casino following the arrest of one of the suspects in Dubai. This is the latest win for South Korea’s prosecutor’s office and law enforcement which cast a wide net to […]
Casino
November 8, 2022
Agilysys to Supply Mohegan with Hospitality Solutions
Agilysys, the company behind what it claims to be the “broadest integrated hospitality software portfolio,” has inked an agreement with a Mohegan-owned casino. Under the deal, the software specialist will supply the Mohegan Tribe’s property in Korea with its proprietary hospitality systems. Agilysys will Power Mohegan Inspire The Mohegan Inspire Resort is still in the […]
Industry
September 15, 2022
South Korea: Third Incheon IR in Limbo, Developer Seeks Investor
The construction of a new integrated resort located in Incheon, South Korea has been delayed for more than two years now. According to a new report, the current developer is looking for a new company to partner with and invest in the project to help its completion. RFKR Reportedly Looks for New Investor to Help […]
Casino
August 12, 2022
South Korean Police Busts Major Illegal Online Gambling Scheme
The South Korean police busted an intricate scheme of illegal online gambling websites that have been operating for years catering to the gambling cravings of foreigners in a country where online gambling is banned. 11 People Were Arrested Initially, the South Chungcheong Province police captured 17 people but only 11 were arrested. Allegedly these individuals […]
Casino
July 1, 2022
S. Korea Travel Policies to Not Immediately Benefit GKL
GKL, an operator running three foreigner-exclusive casinos in South Korea, spoke with GGRAsia about how travel laws will affect its business. According to the casino company, the recently-eased restrictions will not immediately help its business pick up. Visa Issuing Still Takes a Long Time Two days ago, the Ministry of Justice of South Korea announced […]
Casino
June 27, 2022
Jeju Casinos May One Day Offer Online Gambling
South Korea has had a reputation for hosting foreigners who wish to gamble. To this end, Jeju, a popular casino destination within the country, is now trying to figure out if in light of a global pandemic, enabling online gambling would make any sense. COVID-19 has impinged on results, and while Macau is now going […]
