Home
語言/Language
Click to open
Seconds To Enter GTI Global Network.
Sign up
Log in
大勝科技 DST
豐邑富 Feng Yi Fu
富達育樂 Fuda
GTI Taipei Exop 2019
宜星_AIC
yogonet
DEAL 2019
BannerGN
土耳其ATRAX 展 2019
BEGE
atraksiyon
Subscribe to E-Paper
GO
Find Us On
GTI Global Network > News > International
News
S. Korea GGR likely improving: Union Gaming (2018/08/27)

South Korea’s foreigner-only casinos are likely to report improved revenue this year after suffering the fallout from a political spat between Beijing and Seoul in 2017, Union Gaming said in a note. Paradise Co. says in the first six months of this year, gaming volumes were up 18 percent. “As Paradise is the bellwether, we would expect the entire market is broadly in line with Paradise,” it said. Separately, Landing Int’l, which opened Jeju Shinhwa World on 25 February, issued a positive profit alert to the Hong Kong exchange on Friday, noting an approximately 500 percent increase in net profit driven by “the increased revenue contributed from gaming business in Jeju, South Korea.” Union Gaming also noted that Lotte Tour Development, which last week said it was buying Paradise’s Jeju Lotte casino, is likely to transfer that license to its new IR under development once it has been completed. The Jeju Dream Tower is scheduled to open next year and will be the island’s second integrated resort. Union Gaming doesn’t expect the extra competition to have any impact on Macau, but says it may affect the existing foreigner-only casinos in South Korea. Jeju has eight operating casinos, including Landing International’s Jeju Shinhwa IR.

 
About Us | Advertising | Services | Site Map
Tel +886-2-2760-7407 ~ 10
Fax +886-2-2742-0522
E-mail Send
Address 2F-1, No. 17, PaoChing St., SongShan Dist., Taipei City 10585, Taiwan
 
Copyright © 2009~2011 GTI Global Network. All right reserved. Power by rIDEA Reproduction of any part of the website should get prior consent in case of legal consequences.