Tag: South Korea

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South Korean Study Links Financial Stress to Gambling Harm

New South Korean study finds financial hardship and depression linked to problem gambling among young adults aged 18-35.

South Korea Youth Gambling Prevention Pact Signed

Gyeonggi Province's Office of Education has entered into a youth gambling prevention agreement with South Korea's Gambling Control Commission (KGCC) to tackle rising gambling exposure among schoolchildren through smartphones.

GKL Casino Sales Plunge 25% in August Amid Revenue Dip

GKL’s August casino sales collapsed 25.4% month-on-month to US$23 million, signaling a sharp contraction in South Korea’s foreigner-only gaming sector despite a 10.5% surge in total casino drop.

Kangwon Land CEO Unveils K-HIT Tourism Expansion Plan

Kangwon Land’s new CEO Kim Do-gyun pledges to transform the High1 Resort into a regional tourism hub, investing KRW3 trillion in the K-HIT project to link casino operations with local heritage sites.

S.Korea Probes GKL for Alleged Inflated 2025 Visits

South Korea’s Ministry of Culture, Sports and Tourism is investigating Grand Korea Leisure Co Ltd for allegedly inflating 2025 casino-visit figures by 35.4%.

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Wildz Finland licence paves way for 11-brand launch

Wildz secured the first Finnish gambling licence. CEO Sam Brown plans to launch 11 brands in the country when private online gaming opens on 1 July 2027.

Curaçao licensing portal breach forces temporary portal launch

The Curaçao Gaming Authority is launching a temporary licensing portal on 19 October after a data breach exposed licence holder information between December 2025 and September 2026.

Italy land-based gambling reform stalls as concessions expire

Italian retail gambling concessions expire on 31 December 2026 while the reorganisation decree stalls. AGSI wants bridging measures for gaming machines, horse racing and sports betting.

Texas Capital downgrades Melco Resorts on Macau outlook

Texas Capital downgraded Melco Resorts to a 'hold' from 'buy', citing weaker Macau GGR visibility and rising competition for premium-mass customers.

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