Tag: South Korea

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S. Korea Casino Reform Faces Unanswered Questions

South Korea's casino reform plans drew criticism at a National Assembly forum, with operators citing costs and a former official opposing licence renewals he once helped scrap.

S. Korea Casinos Fight Proposed Tourism Levy Hike

South Korea's casino association wants a proposed levy hike to 15% of sales withdrawn. The ministry says the rate would apply only to a top revenue bracket.

INSPIRE to Open 70-Table Poker Room With WPT Seoul

South Korea's INSPIRE resort will open a 70-table poker room, junket room and nightlife venue, anchored by WPT Seoul running 30 October to 9 November 2026.

S. Korea Eyes AML Rule to Log Every Casino Player

South Korea may require casinos to record every patron's details regardless of bet size under a proposed AML rule. Kangwon Land warns of a 19.64% revenue hit.

South Korea Extradites $7.5B Gambling Network Suspect

South Korea has extradited and charged a man over an alleged illegal gambling network handling $7.5bn in wagers, run from the Philippines, Malaysia and Cambodia.

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The Star Sydney Casino License Return

The Star Sydney could regain its suspended casino license by late September 2026, contingent on compliance with stricter regulatory frameworks and a pending AU$400 million penalty decision.

HKJC Pours HK$39.3B into Community Amid Gambling Challenges

The Hong Kong Jockey Club contributed HK$39.3 billion ($5 billion) to the community in FY2025/26, achieving record turnover despite an illegal gambling surge and basketball betting suspension.

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.

Macau Casino Promotional Spend to Rise in 2H 2026

CBRE forecasts Macau casino operators will boost promotional spending to US$1.73 billion by December 2026 to compete for premium customers amid intense market competition.

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