#Kangwon Land

Asgam

RGB inks deal to acquire 86 Philippines-based slot machines, lease stake from company linked to directors

Malaysian gaming machine distributor RGB International Berhad said Monday it has reached a deal with a company linked to two of its own directors to acquire 86 gaming machines currently installed in Philippine casinos and a 20% stake of the revenues they generate under an existing Product Leasing Agreement (PLA). While RGB did not reveal where the…

Industry ・ 22 hr

Korea JoongAng Daily

Gambling addiction on the rise as illegal gaming market flourishes

Mr. Park, a 27-year-old office worker, got addicted to gambling eight years ago at state-run casino Kangwon Land in Jeongseon, Gangwon. For four years, he's been gambling at the Texas Hold'em pubs in the Ingye-dong neighborhood of Suwon, Gyeonggi. The area has one of the highest concentrations of poker pubs in Korea. "A large number of hold'em pubs…

Incidents ・ 05 December 2023

GGRAsia

Casino island Jeju drops remote betting idea says local govt

Jeju island (pictured), a South Korean gaming jurisdiction, says it has dropped for now the idea of trying to have what it terms "proxy betting" offered via the floors of its foreigner-only casinos, citing a lukewarm response from the industry. Another topic for the local industry - whether more land-based licences might be granted on the island -…

Industry ・ 22 August 2023

Eye On Annapolis

The Biggest Gambling Countries in the World

Gambling is a hugely popular activity, and people worldwide love spending their money… with the hope of winning even more. However, some countries are more ensconced in it than others. Some countries have a deep-rooted gambling culture, while others have simply seen a rise in the popularity of gambling activities due to the more favorable…

Industry ・ 18 July 2023

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Asgam

Korea’s Kangwon Land opens Manila office to grow self-made slot machine brand KL Saberi

Kangwon Land, the state-run operator of South Korea's only casino for locals gaming, has opened a liaison office in Manila with a view to growing its slot machine brand, KL Saberi. According to a report by The Korea Times, the liaison office - located in Manila's Entertainment City and in close proximity to the area's integrated resort precinct -…

Industry ・ 29 March 2023

m.koreatimes.co.kr

Kangwon Land to export slot machines to casinos in Philippines

Kangwon Land will export slot machines to the Sheraton Manila Bay Hotel in Manila, after signing a sales contract with RGB, the largest slot machine retailer in Southeast Asia, the company said Tuesday. The company will first manufacture 30 slot machines and send them to the casino in the Philippines through RGB, where they will be installed for…

Jobs ・ 09 February 2023

Asgam

Kangwon Land secures first overseas installation of slot machine line in the Philippines after inking RGB deal

The slot machine arm of Korea's only casino for locals, Kangwon Land, has signed a distribution deal with Malaysia's RGB International Bhd that will see its first ever foreign installation take place in the Philippines. The new distribution deal was signed at the Sheraton Manila Bay Hotel in Manila on Thursday with the first 30 machines to be…

Jobs ・ 12 January 2023

AGB - Asia Gaming Brief

Kangwon Land 1Q22 GGR slips sequentially, but non-gaming strong

Kangwon Land, the only casino in South Korea where locals are permitted to gamble, reported a 6.3 percent decline in 1Q22 revenue as a strong performance in non-gaming failed to offset a decline in casino revenue from the prior quarter. The company reported total sales of KRW226.9 billion, while gaming revenue fell 10.5 percent from the prior…

Covid ・ 12 May 2022

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Gambling Insider

Casino Product of the year

Casino Product of the year has always been a hotly contested category at the Global Gaming Awards London - and this year is no different... Throughout history, difficult periods have often been accompanied by moments of great inspiration, innovation and creativity. At a time when many businesses are forced to close their doors, others are showing…

Blackjack ・ 09 March 2022

AGB - Asia Gaming Brief

Keith Whyte on the hidden harm of foreigner-only casino policies [Podcast]

Keith Whyte, Executive Director of the National Council on Problem Gambling (NCPG) talks with Asia Gaming Brief's Asia Editor Felix Ng about foreigner-only casino policies and how effective they really are in tackling problem gambling amongst the domestic population. We also discuss the merits of various entry-restriction models deployed across…

Gambling Addiction ・ 22 February 2022

World Casino News

Enterprise enlargement for Kangwon Land Casino

In South Korea and local casino operator Kangwon Land Incorporated has reportedly announced that it is planning to expand the size of the gaming floor within its Kangwon Land Casino property by some 10% to approximately 166690 sq ft. According to a report from GGRAsia, the Seoul-headquartered firm revealed that it additionally intends to increase…

Sports ・ 07 February 2022

GGRAsia

Kangwon has plans to expand casino floor by 10pct

Kangwon Land Inc, the operator of South Korea's only casino open to locals, confirmed on Friday that it planned - at a date still to be confirmed - to expand its casino floor area by just over 10 percent, from 14053 square metres (151265 sq. ft) to 15486 sq. metres. The resort will also increase the aggregate seating capacity at its restaurants and…

Covid ・ 07 February 2022

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GGRAsia

Jeju still mulls online bets in casinos, drops locals idea

Jeju, a semi-autonomous island in South Korea, is still looking at the possibility of permitting its bricks and mortar casinos to offer remote gambling over the Internet to foreign players, as a way of boosting business amid the travel restrictions of the Covid-19 pandemic, according to local media reports. The proposal had been mentioned in…

Covid ・ 08 January 2022

Gadget Freeks

Biggest Jackpot Slot Winners in the History of Casino

Indeed, we love these stories too - they're thrilling, they're filling with hope. It's possible to win once and live happily ever after, not thinking about boring sh…things. So, let us share some fantastic stories with you. Let's start from Europe. The biggest ever jackpot happened in April 2021 at Belgian Napoleon Sports & Casino. It's one of the…

History ・ 23 November 2021

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Main Statistics of Gambling Slots in Korea

Slot games are among the most common casino games all over the world. The main reason behind the ever-growing popularity of these games is the simplicity of playing. The outcome of gambling slots is purely based on luck, unlike other casino games like Poker, which depend on strategy. Interestingly, slot machines are also among the most enticing…

Poker ・ 22 October 2021

Fox 5 Vegas

'Gambling's back': G2E conventioneers share insight on turnout, travel on return to Las Vegas

LAS VEGAS (FOX5) -- After a miserable year for the gaming and gambling industries, professionals are thrilled to be back together in person at G2E, the largest gaming trade show in the world. "Ten times better in person," said Dino DeGregorio, exhibitioner and partner of Shark Trap Gaming. "Video, online or a Zoom call, it doesn't have the same…

Travel ・ 06 October 2021

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Slotegrator's new report gives an overview on Asian markets in 2021

sian markets attract operators with their untapped potential, but the region is not an easy one to enter. Most countries have restrictive gambling and betting regulations, with only a limited number of enterprises legally allowed to operate. However, there seems to be a trend towards gradual legalisation. Many countries where gambling has long been…

Sports ・ 20 September 2021

World Casino News

Kangwon Land Casino receives a favorable forecast

Financial services giant JPMorgan Chase and Company has reportedly forecast that South Korea's Kangwon Land Casino will likely record an around 20% sequential rise in third-quarter gross gaming revenues due to'overwhelming demand' from domestic players. According to a report from Inside Asian Gaming, the prediction came after the remote venue…

Industry ・ 11 August 2021

The Korea Bizwire

Gambling Addicts at Kangwon Land Drawn to Illegal Gambling Following Casino Shutdown

SEOUL, July 20 (Korea Bizwire) - A recent study revealed that gamblers who once used to frequent Kangwon Land, the country's only casino open to locals, are now engaging in illegal gambling after it was shut down following the coronavirus outbreak. Kim Yong-geun, a member of Kangwon Land's addiction management center, and Hong Hye-mi, a researcher…

Law ・ 20 July 2021

Asgam

Jeju Dream Tower pays out Duo Fu Duo Cai jackpot less than two weeks after opening

It didn't take long for Jeju Dream Tower to prove a winner. Just 12 days after the opening of the IRs new Dream Tower Casino, a Chinese national living in Korea won a KRW204 million (US$180000) jackpot while playing Scientific Games' Duo Fu Duo Cai link on 22 June. According to local media reports, the jackpot is reportedly the highest paid out in…

Winnings ・ 28 June 2021

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GGRAsia

Kangwon Land granted new 3-yr casino licence to Dec 2023

Kangwon Land Inc, operator of Kangwon Land (pictured), the only casino in South Korea permitted to offer bets to locals, has had a new three-year gaming licence approved on Monday by the country's Ministry of Culture, Sports and Tourism, a representative of the firm has confirmed to GGRAsia. The new licence term is from January 1, 2021, to December…

Sports ・ 07 May 2021

Asgam

Korean games supplier Neowiz signs 5-year deal to use Kangwon Land slot machine content

South Korean online games publisher Neowiz has signed a deal with Kangwon Land granting it rights to use the content of Kangwon-owned slot machines on its platforms for a period of five years. Located in Gangwon Province around 150 kilometers from Seoul, Kangwon Land is the only casino nationwide in which Koreans are permitted to gamble. The…

Games ・ 07 May 2021

GGRAsia

Kangwon Land casino reopens, GKL with Busan ops

Kangwon Land Inc, promoter of Kangwon Land (pictured), says it resumed operations there at 10am on Monday (February 15), after more than two months of closure. The complex is the only authorised provider in that country of casino gaming to South Korean nationals. Due to Covid-19 countermeasures, the venue operated by Kangwon Land Inc has had…

Travel ・ 17 February 2021