Tag: South Korea
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Shin Hwa World 1H Loss Narrows 72% on Resort Revenue
Shin Hwa World narrowed its first-half 2026 net loss by 72% to HK$68.3M as integrated resort revenue surged 20.9%. Gaming revenue rose 14.6% but the casino segment still bled HK$66.4M.
Jeju WanLi Casino Soft Opening September 2
Jeju WanLi Casino will soft open on September 2 after refurbishing the former Gongzi Casino site. The property pivots from junket VIP play to mass-market young players, with the hotel rebranding to Sheraton.
Paradise Co Profit Hit Just 9% Under Tourism Fund Reform
Paradise Co's operating profit would fall only 9% under proposed tourism fund changes, not 22%, thanks to a KRW300B threshold shielding most revenue.
Shin Hwa World H1 Loss to Narrow 60-75% on Resort Gains
Shin Hwa World expects its H1 2026 net loss to narrow 60-75% on higher resort revenue and property gains, despite Les A Casino's 45% revenue collapse.
S. Korea Casino Reform Figures May Not Be Official
South Korea's 15% casino levy and five-year licence may not be official proposals, a ministry tourism advisor says, calling the reform debate earlier-stage than reported.
