• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

S. Korea foreigner casinos see early 2018 sales up 16pct

Apr 16, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea foreigner casinos see early 2018 sales up 16pct

Gambling sales at South Korea’s foreigner-only casinos rose 15.9 percent year-on-year in the first two months of the year, reported Yonhap news agency, citing data from the Korea Casino Association.

Such sales in January and February reached KRW204.78 billion (US$190.7 million).

The increase coincided with an average 4.6 percent rise across the first two months of 2018 in the aggregate number of Japanese visitors to South Korea’s 16 foreigner-only casinos, according to the report.

Japan is currently in the process of trying to establish its own casino industry, a fact that some investment analysts have said could – upon fruition – negatively affect South Korea’s industry.

The number of all visitors to South Korean foreigner-only casinos increased 1.6 percent in the first two months of this year to 366,000, according to the association.

The number of Taiwanese visitors to such casinos fell 16.7 percent year-on-year in January, but rose 32.3 percent in February.

But the tally of mainland Chinese visiting those venues fell an average of 4.2 percent year-on-year across the first two months of 2018, show the data quoted by the report.

According to South Korean media, China had imposed a ban on South Korea-bound group tours as of the autumn of 2016, in retaliation for South Korea’s decision to install the U.S.-supplied Terminal High Altitude Area Defense (THAAD) anti-missile system close to Chinese territory as a counter to North Korean missile tests. China has never acknowledged the existence of such a ban.

There were reports suggesting that the purported ban was partially lifted at the end of November 2017, but in the following month there were new media reports stating that the ban was back in place.

Foreigner-only operator Paradise Co Ltd announced in January that for full-year 2017 its casino revenue declined by 8.6 percent year-on-year.

Its market rival Grand Korea Leisure Co Ltd said in a February filing that in the twelve months to December 31, it recorded aggregate revenue also 8.6 percent lower than that in the prior-year period.


  • tweet
Related articles
  • China demand a boon to S.Korea casinos: brokerage
    China demand a boon to S.Korea casinos:...

    Mar 14, 2023  

  • S.Korea casino op GKL’s February sales soar to US$28mln
    S.Korea casino op...

    Mar 03, 2023  

More news
  • Jennifer Kartono named chief HR officer of Crane NXT
    Jennifer Kartono named chief HR officer...

    Mar 22, 2023  

  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  


Latest News

Jennifer Kartono named chief HR officer of Crane NXT

Jennifer Kartono named chief HR officer of Crane NXT

Mar 22, 2023  

Crane Holdings Co says Jennifer Kartono has been appointed senior vice president and chief human resources (HR) officer of Crane NXT. The latter is due to become a separate entity by early April and...
Read More
Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Mar 22, 2023  

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are seriously considering the privatisation of all Pagcor-operated casinos”

Alejandro Tengco

Chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor)



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
  • Universal Ent counterclaims are desperate: 26 CapitalUniversal Ent counterclaims are desperate: 26 Capital March 21, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us