• 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 sees 5pct fall in foreigner-only turnover for 2017

Jun 21, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


S. Korea sees 5pct fall in foreigner-only turnover for 2017

Turnover at South Korea’s foreigner-only casinos slumped by 5.37 percent in 2017 to less than KRW1.21 trillion (US$1.09 billion). In announcing the annual turnover for last year, the National Gambling Control Commission said the country’s 16 foreigner-only casinos saw almost 2.22 million visitors in 2017, a decrease of 6.22 percent between 2016 and last year.

The data at the regulator’s website was updated this week and reports all gaming activities in the country. The foreigner-only casinos contributed 5.56 percent of all gaming turnover in South Korea last year, which was about KRW21.73 trillion.

No commentary on the reasons for year-on-year turnover fluctuations is given in the commission’s annual updates.

The fall in last year’s turnover at foreigner-only casinos follows a mixed trend. In 2016, turnover at the country’s foreigner-only casinos was KRW1.28 trillion, an increase of 2.6 percent compared to 2015. After consecutive years of growth, 2015 saw a year-on-year decline of 9.7 percent.

Last year, the only casino in the country that admits South Korean players, run by Kangwon Land Inc, contributed 7.01 percent to gaming turnover. Annual turnover in the Kangwon Land casino fell by 6.43 percent to about KRW1.52 trillion. The number of visitors to the casino dropped by 1.7 percent to about 3.12 million people.

More recently, the South Korean casino sector has shown healthier signs, with the latest round of turnover results released earlier this month.

Last week, Grand Korea Leisure Co Ltd, which is a subsidiary of the Korea Tourism Organization, reported casino sales of about KRW40.59 billion for May, an increase of 16.7 percent from the same time last year. The organisation runs three foreigner-only casinos under the Seven Luck brand: two in Seoul and one in the southern port city of Busan.

Paradise Co Ltd, another foreigner-only casino operator, saw a 25.2-percent year-on-year increase in May, telling the Korea Exchange its casino revenue for May was about KRW51.96 billion compared to about KRW41.51 billion in May last year.


  • tweet
Related articles
  • Kangwon Land slot brand Manila office eyes SE Asia sales
    Kangwon Land slot brand Manila office...

    Mar 28, 2023  

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

    Mar 14, 2023  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us