Saturday, February 24, 2024

Tag: korea

Grand Korea Leisure reports casino revenue rise after turbulent two years

Grand Korea Leisure has announced its first half figures for casino sales in 2018 increased 4.1 percent year-on-year, topping $214m. The South Korean operator, affiliated by the country’s Ministry of Culture, Sports and Tourism through the Korea Tourism Organisation, stated table game sales rose 7.4 percent during the period, contributing $188m to the total. Machine game sales, however, declined during the...

Clouds on horizon for US casinos amid brewing trade war

Las Vegas clouds US casino trade war
With China on track to become the third largest overseas visitor market for the US by 2020, the gaming industry could feel the repercussions of president Donald Trump’s push to enact tariffs on a range of Chinese goods...

Korea’s casinos rebound on the back of rise in visitors from Japan

Recent figures from the Korea Casino Association indicate that the country’s 16 foreigner-only casinos are returning back to growth in the wake of the political tensions between China and South Korea in 2017. However, this rise was primarily driven by an uptick in visitors from elsewhere in Asia. While Chinese visitation continued to fall due with declines of 3.2 percent in...