South Korea / casino news and reviews

focusgn.com

South Korea: 2,925 arrested over alleged illegal online gambling operations

Among those arrested were 1035 teenagers. South Korea.- Police in South Korea have arrested 2925 people for alleged involvement in illegal online activities in a six-month operation. According to a report by the National Office of Investigation (NOI), among those arrested were 1035 teenagers. Among them, 75 adults were formally detained, while 566…

Incidents ・ 8 hr

Korea JoongAng Daily

Nine-year-old among suspects busted in youth gambling crackdown

The Korean National Police Agency said Thursday that teenagers accounted for one-third of the 2925 online gambler suspects swept up in a recent dragnet. The agency's National Office of Investigation conducted a special crackdown on online gambling targeting adolescents from Sept. 25 last year to March 31. Police formally arrested and detained 75…

Incidents ・ 14 hr

GGRAsia

Crane validator, Easitrax software for Mohegan Inspire

Crane Payment Innovations (CPI) says it is supplying some of its technology to Mohegan Inspire Entertainment Resort, a tourism complex with foreigner-only casino at Incheon, South Korea. CPI, a Crane NXT Co business, said in a press release it would supply its SC Advance note validator (pictured) and Easitrax Web software "across all 550 machines…

Industry ・ 26 March 2024

theregister.com

North Korea turns to designing gambling websites for cash

North Korea's latest money-making venture is the production and sale of gambling websites that come pre-infected with malware, according to South Korea's National Intelligence Service (NIS). The Service on Wednesday identified South Korean cyber crime organizations as buyers of the sites. Reports allege that the North Korean faction responsible for…

Gambling Sites ・ 19 February 2024

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nknews.org

North Korea sold illegal gambling sites to South Korean criminals: NIS

China-based company allegedly raised billions of dollars for DPRK regime's slush fund despite sanctions restrictions North Korean IT workers created and sold thousands of illegal gambling websites to South Korean criminals to raise billions of dollars in illicit funds for the Kim Jong Un regime over an unspecified period of time, according to…

Law ・ 16 February 2024

Korea JoongAng Daily

North Korean tech workers, South Korean gangsters team up on illegal online gambling

The National Intelligence Service (NIS) said on Wednesday it uncovered a North Korean group running illicit cyber activities cooperating with several South Korean criminal organizations. North Korea's Kyonghung Information Technology Exchange Company, affiliated with the Workers' Party's bureau handling North Korean leader Kim Jong-un's slush…

Incidents ・ 14 February 2024

hudsonreporter.com

Hero Wars: PEGI 12 Game With Hidden Gambling Features?

Hero Wars promises epic mobile gaming adventure, inviting players of all ages to join in the battle against other players and the computer in a world jam-packed with strategy, fantasy, and heroism. However, the allure of this competitive idle-battling RPG may not be as friendly as the cheerful heroes you control suggest. Beneath the shining armor…

Industry ・ 07 February 2024

Korea JoongAng Daily

Gambling site suspects turned illegal proceeds into fast cars, fine art and fat stacks of cash

Nine people have been indicted on charges related to the operation of an illegal online gambling website and money laundering through purchases of luxury cars, land, and art, prosecutors announced Monday. According to the Busan District Prosecutors' Office, four people have been arrested on suspicion of laundering the proceeds from the website via…

Incidents ・ 22 January 2024

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Korea JoongAng Daily

Young gangsters busted for laundering illegal gambling money

Prosecutors indicted 34 young people, including Gwangju-based gangsters, for laundering 10 billion won ($7.7 million) gained from illegal online gambling. According to the Gwangju District Prosecutors' Office on Monday, the accused laundered 10.7 billion won in bank accounts opened under other people's names. Five accused were members of the…

Incidents ・ 18 December 2023

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

Mohegan Inspire still eyes 1Q24 casino debut: president

The new Mohegan Inspire Entertainment Resort in South Korea, which had a soft opening on Thursday for non-gaming facilities including its 1275-room hotel and 15000-seat Inspire Arena, is still hopeful it can launch its foreigner-only casino in the first quarter of next year, affirmed Chen Si, property president, in an interview with…

Travel ・ 01 December 2023

gamespress.com

"Shot Online’s latest update adds new ‘Legend Pro’ title "

PANGYO, South Korea - November 29th, 2023 - WEBZEN, publisher of the online free-to-play game portal GamesCampus, has released the latest update for its classic online golf game, ' Shot Online' . Developed by WEBZEN ONNET, Shot Online is a massively multiplayer online golf game which has been running for 18 years worldwide. The competitive…

Tournaments ・ 29 November 2023

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torrentfreak.com

Won't Download a Car? Let's Try: "Piracy Turns Teenagers Into Gambling Addicts" * TorrentFreak

No matter where people live or how much knowledge and experience they've accumulated, governments and corporations rarely shy away from an opportunity to offer behavioral advice. Delivered via TV, radio and the internet, public service announcements enlighten the masses on topics seemingly so complex, they're only fully understood by the few. Even…

Gambling Addiction ・ 16 November 2023

Vegas Slots Online

Netflix and Light & Wonder Will Launch a Squid Game Slot

Netflix is partnering with Light & Wonder to launch a slot machine game based on its popular Squid Game series. [Image: Shutterstock.com] Gaming supplier Light & Wonder is partnering with Netflix to launch a new slot machine based on the streaming service's popular Squid Game, a South Korean survival drama. Squid Game is expected to hit casino…

Industry ・ 13 October 2023

Vents Magazine

The Importance of (Eat and Run Police) in Online Gambling Safety

Safety is paramount in online gambling, where players are eager to guarantee fair gameplay and the security of their funds. This is where the Eat and Run Police( 먹튀폴리스) comes in. They are like the guardians of online gambling, ensuring everything is safe and fair. In this article, we will explore the role of the Police in keeping online gambling…

Incidents ・ 11 October 2023

GGRAsia

Jeju Dream Tower Sept casino sales down 20pct m-o-m

Casino sales at the Jeju Dream Tower casino resort (pictured in a file photo), on the South Korean holiday island of Jeju, decreased by 20.0 percent month-on-month in September, to approximately KRW14.33 billion (US$10.6 million), according to a Tuesday filing to the Korea Exchange. August sales had themselves been down 10.9-percent on…

Travel ・ 11 October 2023

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Light & Wonder to unveil new slot machine at G2E based on South Korean Netflix series “Squid Game”

Global gaming supplier Light & Wonder will debut a brand-new slot machine based on the popular South Korean series "Squid Game" at G2E in Las Vegas this week. Introducing elements from the most popular Netflix series of all time, the slot machine integrated iconic games from the show such as Red Light, Green Light; Tug of War; and The Glass Tile,…

Movies ・ 09 October 2023

West Island

Netflix Venturing into Casino Sector with Squid Game Slot Machine

Netflix has embraced the allure of gambling with a groundbreaking move into the casino and gaming sector. The streaming giant has given a nod to the production of a "Squid Game" slot machine, marking its maiden product-licensing venture in the betting industry. Light & Wonder - a renowned gaming company previously known as Scientific Games - is set…

Movies ・ 08 October 2023

Sportskeeda

Netflix set to enter the gambling industry with Squid Game slot machines

Streaming mogul Netflix is in the news and not for any upcoming film or show, but for a very quirky reason - A new Squid Game slot machine has received approval from Netflix, marking the streaming mogul's first licensing agreement in the casino and gaming sector. The South Korean survival drama series is one of Netflix's most-watched series of all…

Industry ・ 07 October 2023

Marianas Variety

Netflix's First Casino-Gaming Deal: Squid Game Slot Machine Due 2024

Netflix has given the green light to a new " Squid Game " slot machine - the streamer's first licensing deal in the casino and gambling industry. The slot game is based on one of Netflix's most popular shows of all time, the South Korean survival drama "Squid Game." Built by gaming company Light & Wonder, it will integrate several iconic (and…

Finance ・ 06 October 2023

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GGRAsia

Mohegan Inspire 97pct completed, on target for 4Q launch

Construction of the Inspire Entertainment Resort, a complex at Incheon, South Korea, was "approximately 97 percent" completed at the end of August, according to its promoter, Mohegan Tribal Gaming Authority. "Construction progress is tracking to plan," said the United States-based entity, trading as Mohegan Gaming. The "property opening is still on…

Industry ・ 22 September 2023

Asgam

Korea’s Paradise, GKL continue positive momentum in August as casino revenues rise again

Leading South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both reported strong growth in August, continuing their positive momentum since the easing of border restrictions last year. Paradise, which operates Paradise City in Incheon plus casinos in Seoul, Busan and Jeju, saw its casino revenue climb 24.5%…

Finance ・ 05 September 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

chaminadetalon.com

Casino Management Software Market Quantitative, Qualitative and Growth Factors Analysis 2028 -Scientific Games, Chetu, Win Systems

The latest report provides information about the global Casino Management Software market and forecasts the growth prospects and industry trends that could emerge between 2023 and 2028. Future growth was calculated by taking the current growth rate and the entire market size into account. Global Casino Management Software Market report offers…

Industry ・ 14 August 2023

Analytics Insight

XRP’s Huge Win Against The SEC! Ripple Pumps 80% As The Market Prepares For Impact On Cryptos Like Scorpion Casino Token and Ethereum

July has been a big month for the crypto world, and we're only halfway through it! Last month, the almost 3-year-long case against Ripple Labs and its cryptocurrency XRP by the SEC finally ended with the crypto coming out as the victor. It was ruled that the token itself was not a security after the SEC accused the company of illegally selling over…

Crypto ・ 10 August 2023

Asgam

Grand Korea Leisure on the rise in July

South Korean foreigner-only casino operator Grand Korea Leisure reported an 8.8% year-on-year and 5.3% month-on-month increase in casino revenue to KRW31.1 billion (US$24.0 million) in July as its recovery from the COVID-19 pandemic continues in earnest. The July result included a 4.8% rise in table game revenues to KRW27.8 billion (US$21.4…

Travel ・ 02 August 2023

Asgam

Korea’s Paradise Co runs bad in July as casino revenue plummets by 32%

Korea's leading foreigner-only casino operator Paradise Co lost some recently gained momentum in July, with casino revenue plummeting by 32.4% month-on-month to KRW63.5 billion (US$49.0 million). Both tables and slots were down, with table game revenue declining by 33.5% to KRW59.7 billion (US$46.0 million) and slots by 9.7% to KRW3.85 billion…

Finance ・ 02 August 2023

Auralcrave

10 Surprising Statistics About Bitcoin Casinos

If there's one cryptocurrency that has managed to retain its buzz from the get-go, it's Bitcoin. It has been a runaway success since its inception and remains one of the best-performing digital currencies, even in the face of last year's crypto market crash. So, it doesn't come as a surprise that online casinos have capitalized on this popularity…

Crypto ・ 02 August 2023

Urban Asian

Asian Entertainment Meets Crypto Casinos: The Rising Trend of Bitcoin Gambling in Asian Pop Culture

As the world enters a new age of digitalization, the traditional borders that once defined industries are rapidly fading away. The entertainment industry, particularly in Asia, is no exception, experiencing a surprising yet natural convergence with the realm of cryptocurrencies. A growing trend of integrating Bitcoin gambling into pop culture has…

Crypto ・ 22 July 2023

Business Upturn

How online businesses are adapting to the evolving gaming industry

The online gaming industry is one of the fastest-growing sectors in the world today. Although it continuously advances, its impact is felt across different global markets. These technological advancements have made it easier for people to access video games from any location and device, bringing a range of economic advantages to online businesses.…

Industry ・ 18 April 2023

GGRAsia

S. Korea’s Paradise Co March casino revenue up 130pct y-o-y

Casino revenue at South Korea's foreigner-only casino operator Paradise Co Ltd surged by 129.5 percent year-on-year in March, according to a Tuesday filing by the company to the Korea Exchange. Such revenue was approximately KRW42.71 billion (US$32.6 million), compared to about KRW18.61 billion in March 2022. But the result was down 3.8 percent…

Finance ・ 09 April 2023

AGB - Asia Gaming Brief

Online gambling market to grow by $150.5 billion until 2027: report

The global online gambling market is projected to grow by $150.5 billion until 2027, increasing at a compound annual growth rate (CAGR) of 11.03 percent, according to analysts at Technavio. 'The growing demand for mobile gaming is notably driving the market growth. Smartphone penetration is increasing due to the declining average selling price…

Incidents ・ 09 March 2023

Yonhap News Agency

(LEAD) Netmarble turns to red in 2022 due to lack of new games

Games ・ 10 February 2023

trendinginpakistan.pk

Online Gambling Software Market Biggest Innovation with Top Key Players -IGT, SBTech, Betconstruct, Playtech, BetRadar, Microgaming, GammaStack, Betsys, Softgamings, Digitain, EveryMatrix, SB Betting Software, Novomatic

The Global Online Gambling Software Market: 2022 has been recently published by the Mr Accuracy Reports. The report offers a cutting edge about the Online Gambling Software market, which helps the business strategists to make the best investment evaluation. The Online Gambling Software market industry report includes details about the historical…

Industry ・ 08 February 2023

Asgam

Korea’s Paradise, GKL finish 2022 on a high as casino sales surge in December

South Korea's leading foreigner-only casino operators, Paradise Co and Grand Korea Leisure (GKL), have this week reported major gains in casino revenue for FY22 - aided by a strong finish to the year in December. In separate filings with the Korea Exchange, Paradise reported casino revenue of KRW350.7 billion (US$274 million) for the year to 31…

Finance ・ 15 January 2023

Basketball Insiders

Best Online Gambling Sites in South Korea 2022

While gambling laws in South Korea are strict, many get around them by betting online. Online gambling is available through many offshore operators. Whether it be casino games, sports betting or something else you are looking for, our top ranked sites are ideal for gambling for real money online. On this page, we will deliver the best online…

Payment Methods ・ 18 December 2022

allkpop.com

'Running Man' changes broadcast time slot with sluggish viewer ratings

Law ・ 13 December 2022

Saipan Tribune

2nd auction of IPI casino equipment to focus on gaming tables, slot machines

A second auction of gaming equipment owned by embattled Saipan casino operator Imperial Pacific International (CNMI) LLC will take place this Friday, Dec. 9, with the focus shifting to larger equipment. According to Tim Shepherd of receiver Clear Management Ltd., the auction will include the sale of gaming tables, chairs and slot machine stools,…

Land-based ・ 04 December 2022

Asgam

Casino revenues stabilize for Korea’s Paradise, GKL in November

South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both saw their casino revenues fall month-on-month in November, having previously booked significant gains on COVID-19 recovery in October. According to information filed with the Korea Exchange, Paradise saw casino revenues fall 14.9% to KRW39.6 billion (US$30.5…

Finance ・ 04 December 2022

Animation Xpress

12 facts about crypto casinos that will impress your friends

Crypto casinos are a new form of gambling that is not regulated by any government. The games are decentralized, meaning that the house does not have control over the game and the odds. Crypto casinos rely on random number generators to create the odds. So, the providers can't cheat or change the game in any way. There are many benefits of playing…

Crypto ・ 29 November 2022

The Video Ink

Casinos in Korea: Everything You Need to Know About the Industry

Restrictions in Korea are the norm. Take North Korea as an example. Crossing its borders with religious or political items can get you into trouble. So, it would be normal to expect gambling to face backlash too. South Korea is not very different regarding restrictions, and many visitors have expressed concerns about their access to casinos. So,…

Strategy Guide ・ 29 November 2022

Coin Journal

7 facts about Bitcoin casinos you need to know

Bitcoin casinos have seen a great increase in popularity recently, with many people now looking for cool games to play. On such a website, just like on the vast majority of online casinos, offers great bonuses. But what's unique about these crypto casinos is that they also accept payment with Bitcoin, making it easier for those holding…

Crypto ・ 18 November 2022

STL News

7 strange facts about Bitcoin casinos

Bitcoin casinos have seen a great increase in popularity recently, with many people now looking for cool games to play. On such a website, just like on the vast majority of online casinos, offers great bonuses. But what's unique about these crypto casinos is that they also accept payment with Bitcoin, making it easier for those holding…

Crypto ・ 18 November 2022

Asgam

Jeju authorities arrest missing suspect in theft of US$13.4 million from Landing Casino

South Korean officials have reopened their investigation into the theft of KRW14.6 billion (US$13.4 million at the time) in cash from safe at Jeju's Landing Casino after one of the suspects was arrested in Dubai. According to information from Korean news outlet Munhwa, the suspect, known as Mr A, was arrested while trying to board a flight from…

Incidents ・ 15 November 2022

TMZ

Yasiel Puig Facing Jail Time For Lying To Feds During Illegal Gambling Probe

Former MLB superstar Yasiel Puig is facing up to five years in prison... after he agreed to plead guilty to lying to the feds during their investigation of an illegal gambling ring. Federal prosecutors announced the plea deal on Monday afternoon... saying the ex-Dodgers outfielder intends to make a guilty plea to one count of making false…

Law ・ 15 November 2022

Smartereum

Interesting Facts About Crypto Gambling

If you are interested in blockchain and cryptocurrency and you want to try a new fun hobby, look no further than a crypto casino. These online platforms work almost as the traditional web-based casinos, but in this case, you can use cryptocurrencies to play a wide range of games, as crypto gambling platforms offer a lot of entertainment through a…

Interesting ・ 13 November 2022

Gambling Insider

Agilysys pens hospitality deal with up-and-coming South Korean Mohegan casino

The deal sees Agilysys' portfolio of customers grow in the Asia region and the agreement with the resort marks the first time Agilysys has worked with an Asian casino property. The new $5bn South Korean casino is expected to open next year, around an hour outside of Seoul - and will feature 1300 new luxury hotel rooms and a 20000 square-metre…

Travel ・ 11 November 2022

Midgard Times

Why Are Online Casinos So Popular?

With online casinos, players can browse numerous game lists to see if their favorite casino games are listed and play without getting into any queues The number of online casinos, a popular form of online gambling, has skyrocketed due to increased demand. This statistic only increased with the quarantines and lockdown during the pandemic, so it's…

Payment Methods ・ 08 November 2022

The Tech Report

Top 10 Online Gambling Sites in South Korea Reviewed

There are hundreds of online gambling sites currently active in South Korea, making it increasingly intricate to choose a suitable option. We've compiled a list of the best and legitimate online gambling sites in South Korea, based on criteria such as user experience, gaming possibilities, bonuses, and payment methods. Gambling in South Korea is a…

Top and Best ・ 06 October 2022

Security Sales & Integration

IDIS Cameras Secure High-Stakes Poker Tournament at Luxury Casino

The IDIS solution was designed to encourage honest and fair game play and provides operators with complete visual awareness of the gaming tables, casino floor, lounges and other key areas. COPPELL, Texas - IDIS reveals it has been selected to provide advanced video technology to protect a high-stakes poker tournament in a luxury casino in Northern…

Tournaments ・ 05 October 2022

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The Tech Report

Compare Top Real Money Casino Sites

Those who seek to play casino games in South Korea must register with international operators due to the country's tight gambling legislation. Several of the world's finest online casinos remain accessible, which is fortunate for gamers. Consequently, whether you want to play video slots, Roulette, or quick-win games, here you will find top-rated…

Mobile ・ 05 October 2022

INN

Klaytn Launches Gaming Gas Fee Rebate Program, Paving the Way for Wider Web3 Adoption

Open-source Korean blockchain Klaytn is launching a gas fee rebate program to allow gaming companies to offset gas fees from existing blockchain games built on Klaytn. With the aim of removing barriers to broader web3 adoption, Klaytn's gas fee rebate program will offset both user gas fees shouldered by gaming companies via Klaytn's gas fee…

Finance ・ 28 September 2022

Gambling News

South Korean Police Busts Major Illegal Online Gambling Scheme

The South Korean police busted an intricate scheme of illegal online gambling websites that have been operating for years catering to the gambling cravings of foreigners in a country where online gambling is banned. Initially, the South Chungcheong Province police captured 17 people but only 11 were arrested. Allegedly these individuals…

Law ・ 12 August 2022

Asgam

Sega Sammy: Japanese VIPs heading back to Paradise City

VIP players from Japan are already heading back to Korea following the recent reopening of international borders, according to Japanese gaming giant Sega Sammy Holdings. Outlining the prospects of the group's Korean integrated resort Paradise City - a joint venture with local foreigner-only casino firm Paradise Co - in its June quarter results…

Covid ・ 07 August 2022

WWNO

U.S. military-run slot machines earn $100 million a year from service members overseas

The U.S. military runs more than 3000 slot machines on American military bases overseas even though the rate of problem gamblers in the military is thought to be around twice that of the rest of the general population, according to the National Council on Problem Gambling, an organization that advocates for services to assist people and families…

Gambling Addiction ・ 31 July 2022

PSU

Pay to Win Games

Pay-to-win games are video games that provide trinkets or other gear that give buyers an advantage over non-paying players in real money. They also make gameplay more immersive as you can access better weapons and other things to help you overcome hurdles. You can access these games from apps and game websites available globally. For instance, real…

Strategy Guide ・ 24 July 2022

Gambling News

Jeju Casinos May One Day Offer Online Gambling

South Korea has had a reputation for hosting foreigners who wish to gamble. To this end, Jeju, a popular casino destination within the country, is now trying to figure out if in light of a global pandemic, enabling online gambling would make any sense. COVID-19 has impinged on results, and while Macau is now going to likely suffer the impact of…

Sports ・ 27 June 2022

Kotaku Australia

Diablo Immortal Has Made $AU34.6 Million In The Two Weeks

Despite widespread criticism of its microtransaction strategy, Diablo Immortal is still making a ton of money. Blizzard's latest mobile game has raked in $US24 million ($AU34.6 million) in its first two weeks since launch. As reported by PCGamesN, industry tracking website AppMagic is showing Diablo Immortal downloads have topped 5 million since…

Top and Best ・ 20 June 2022

Indian Defence News

Gambling Game Services Market to Witness Huge Growth by 2029 -Melior Games, Chetu, Crocusoft, Unity Technologies, 2WinPower

The Global Gambling Game Services Market: 2022 has been recently published by the Mr Accuracy Reports. The report offers a cutting edge about the Gambling Game Services market, which helps the business strategists to make the best investment evaluation. The Gambling Game Services market industry report includes details about the historical analysis…

Industry ・ 14 June 2022

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

Newspatrolling

How investors from South Korea can start a gambling business

Like other Asian countries with rapidly growing economies, South Korea is fertile ground for the gambling industry. However, authorities keep the sector under tight control, with few legal options for locals, and a flat-out prohibition on online casinos. The population has an obvious interest in betting - South Koreans love to gamble when abroad,…

Finance ・ 27 April 2022

World Casino News

March improvement for South Korean casino operators

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for March decreased by 11.8% year-on-year to approximately $15.58 million. According to a report from Inside Asian Gaming, the result for the Seoul-listed firm nevertheless represents a boost of 11.8% when compared…

Travel ・ 07 April 2022

Forbes

PUBG Developer Teams Up With Solana Labs To Launch Play-To-Earn Crypto Games

Click on the conversation bubble to join the conversation Krafton, the South Korean gaming giant founded by billionaire Chang Byung-gyu, is expanding it crypto empire by partnering with blockchain startup Solana Labs to develop play-to-earn crypto games. The company behind the popular PlayerUnknown's Battlegrounds (PUBG) video game announced on…

Crypto ・ 24 March 2022

World Casino News

Russian casino zone inks South Korean commitment

In Russia and the state-owned Primorsky Krai Development Corporation has reportedly signed a deal that is to see South Korean enterprise Plgen Holdings Company Limited bring a $23.9 million casino resort to the Primorye Integrated Entertainment Resort zone. According to a report from Asia Gaming Brief, this arrangement was inked despite the ongoing…

Travel ・ 22 March 2022

BRYTFM Online

Best Payout Online Casino in South Korea

Players have plenty of options to choose from for the best payout online casinos in the South Korean jurisdiction. Generally, the Korean government is stringent on gambling; hence you may not necessarily find many physical casinos in the region. However, the rise in tech is slowly making online gambling a favorite for many South Korean nationals.…

Payment Methods ・ 11 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

Programming Insider

Top 5 Technologies That Have Revolutionized Online Casino Gaming

Several businesses have resolved to take advantage of the circumstances and adjust, using all available gears to improve their services and make them more attractive, approachable, secure, and fun! Thanks to the constant advancement of current technology, as well as the world's alteration to performing during the global epidemic. The real money…

Top and Best ・ 26 January 2022

Asgam

Korea’s Paradise Co sees casino sales fall 53.6% in November

South Korean foreigner-only casino operator Paradise Co saw its casino sales plummet by 53.6% month-on-month to KRW9.90 billion in November, bringing it back in line with revenues reported through most of the past two years. Paradise, which operates Paradise Walkerhill in Seoul, Jeju Grand, Busan Casino Paradise and Paradise City in Incheon, had…

Finance ・ 22 January 2022

Pulse

Korean game bet high on social casino games for P2E foray despite clampdown

Game publishers are aggressive upping investments in social casino games as they bet high on legalization of blockchain-based play-to-earn (P2E) games even as regulators clamp down on illicit operation of P2E games. WeMade, a pioneer in the P2E game industry in South Korea, acquired casual game developer SundayToz known for Anipang for 136.7…

Games ・ 21 January 2022

Cryptomode

What makes bitcoin gambling attractive?

During the lockdowns, online casinos have witnessed an increase in popularity. Starting an online casino can be a very successful venture, as seen by some of the many success stories in the industry. Bitcoin is the most popular cryptocurrency because of its high value in dollars. It is now commonly accepted as a means of payment at a broad range of…

Strategy Guide ・ 14 January 2022

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

Legal Desire

What Can Squid Game Teach Us About Responsible Gambling?

Squid Game is the most-watched Netflix show in history having more than 140 million viewers. It is a South Korean drama survival series about unsuspecting volunteers enlisted to play children's games to life and death for the chance of getting 45 billion Korean Won. The series definitely gives some life lessons for those who enjoy gambling as the…

Gambling Addiction ・ 30 December 2021

World Casino News

Seoul casino being moved by Grand Korea Leisure Company Limited

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly announced that will be relocating the Seven Luck-branded gambling enterprise it runs within the Millennium Hilton Seoul hotel to the nearby Seoul Dragon City Hotelplex development. According to a report from GGRAsia, the Seoul-listed firm used an official…

Travel ・ 29 December 2021

Phillipines Lifestyle News

Korean online gambling boss arrested in QC -BI

The Bureau of Immigration (BI) announced the arrest of a South Korean fugitive wanted by authorities in Seoul for operating an illegal gambling site on the Internet. In a report to Immigration Commissioner Jaime Morente, the BI's Fugitive Search Unit (FSU) identified the alien as 45-year-old Lee Jaehun, who was arrested on Tuesday, inside a…

Incidents ・ 27 December 2021

Korea JoongAng Daily

Lee Jae-myung apologizes for son's illegal gambling stint

The ruling Democratic Party's (DP) presidential candidate Lee Jae-myung apologized for his son's past illegal gambling habit on Thursday, following media reports which traced comments on a gambling website to his son's e-mail address. The candidate released an apology through a press release Thursday morning, acknowledging that his 29-year-old son…

Law ・ 16 December 2021

Asgam

Grand Korea Leisure gets unlucky in November as casino sales plummet to US$3.5 million

Foreigner-only casino operator Grand Korea Leisure (GKL) saw casino sales fall to their lowest level of 2021 in November, down 25.4% year-on-year and 55.9% sequentially to KRW4.09 billion (US$3.5 million). With South Korea now seeing its highest daily COVID-case numbers since the start of the pandemic, November's casino sales included a 68.1% fall…

Travel ・ 06 December 2021

Gambling Insider

GKL posts $5.3m in revenue for March 2021 amid casino reopenings

Grand Korea Leisure (GKL) has posted revenue of KRW5.95bn (US$5.3m) for March 2021 following the reopening of its Seoul casinos. The South Korean foreigner-only operator reported revenue of just KRW507m in February, when only Seven Luck Casino Busan Lotte was operational. GKL had all three of its casinos - Gangbuk Hilton, the Seven Luck-branded…

Finance ・ 04 December 2021

New York Post

‘Squid Game’ knocked from top Netflix slot by new horror series

Step aside, "Squid Game" - there's a new hit show in town. Netflix's most-watched series has been robbed of its title as the streaming giant's most popular TV show due to newcomer horror series "Hellbound," which is proving to be even more of a mega hit. According to streaming analytics site FlixPatrol, the newcomer nabbed the top slot within 24…

Movies ・ 23 November 2021

Newspatrolling

Complete Guide to Gambling in South Korea

Gambling is a popular pastime among South Koreans. However, there exist legal hurdles in the country that make gambling challenging. Citizens should understand places or venues of gambling. There are about 23 brick-and-mortar casinos in Korea, and only Sangwon casino allows citizens to gamble. Casinos in South Korea are meant for tourists, and…

Baccarat ・ 23 November 2021

GGRAsia

Remote bets, blockchain can aid Jeju casinos: scholars

Jeju island, a semi-autonomous region of South Korea, with its own regulatory system for its foreigner-only casinos, should consider permitting casino-based remote gambling and blockchain technology for casino gambling transactions, to help the sector recover from the Covid-19 pandemic, said respectively several speakers at a Thursday discussion…

Crypto ・ 12 November 2021

iGaming Business

How to be a responsible gambler. Squid Game anti-guide

Uplatform releases responsible gambling message inspired by Netflix series Squid Game. Gambling is interactive, fun, and entertaining; when conducted responsibly. But what if irresponsible behavior leads you to put your own life on the line for the chance to win money? Squid Game depicts the problem of irresponsible gambling at its most extreme and…

Movies ・ 26 October 2021

Skymet Weather

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

iGaming Business

Pokermatch casino launches own 'Squid Game'

Gambling platform first to market with unique prize game based on the popular TV series The South Korean drama Squid Game, which is breaking viewing records around the world, has inspired Pokermatch Casino to create its own exclusive promotion. The gaming platform is the first in the industry to respond to the "Squid hype" and offer its users the…

Industry ・ 22 October 2021

GGRAsia

Remote gambling proposed for foreigner casinos in S. Korea

Loss of sales at South Korea's foreigner-only casinos due to travel restrictions linked to the Covid-19 pandemic, means that sector should be allowed to introduce remote gambling for overseas customers, says one of the country's lawmakers. Lee Sang-heon, a member of the National Assembly's Culture, Sports and Tourism Committee, and who represents…

Sports ・ 20 October 2021

The Guam Daily Post

Casino commission explores internet gaming potential

SAIPAN - The Commonwealth Casino Commission last week discussed the potential of internet gaming in the Commonwealth of the Northern Mariana Islands. Casino Commissioner Diego Songao earlier asked commission executive director Andrew Yeom to educate Songao on the operation of internet gaming and its potential to bring fresh revenue into the…

Covid ・ 03 September 2021

GGRAsia

Dream Tower casino revenue US$3.6mln in opening 20 days

Lotte Tour Development Co Ltd, operator of the Jeju Dream Tower casino resort (pictured), on Jeju island, South Korea, released on Tuesday - via a note by Hana Financial Investment Co Ltd - its first set of gaming sales data, covering the period from the casino's opening on June 11, to June 30. Gaming revenue for the stub month, was just under…

Finance ・ 18 August 2021

The Korea Herald

Smilegate’s Lost Ark rewrites rules of online PC game market

Lost Ark, developed by Smilegate, has emerged as the most popular title in the role-playing PC game category in South Korea, a surprising performance given its rise to the top slot took some time and benefited from a host of external factors. The multiplayer game was launched in November 2018. As with other mainstream games, it pulled off a stellar…

Strategy Guide ・ 17 August 2021

Vegas Slots Online

K-Pop Icon Seungri Jailed for Pimping, Gambling Millions

Seungri is going to jail for three years for his illegal foreign exchange transactions involving millions gambled at Vegas casinos, and for pimping prostitutes in the Gangnam district (pictured above). [Image: Shutterstock.com] A military court in South Korea has sentenced Seungri, a former member of K-pop boy band Big Bang, to three years in…

Incidents ・ 16 August 2021

Finsmes

Netmarble Acquires Social Online Casino Platform SpinX

Recently one of South Korea's gaming giants, Netmarble, bought a social casino platform SpinX that is based in Hong Kong. The scope of the deal and its implications make it one of the most interesting and the most influential deals in 2021 when it comes to the online casino industry. If you've been following the news on companies that create and…

Industry ・ 16 August 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

AJU Business Daily

Netmarble diversifies game portfolio thru acquisition of social casino company SpinX

SEOUL -- Netmarble, a major mobile game developer in South Korea, has set the stage for a diversified game portfolio needed to expand its global presence through a $2.19 billion deal to take over SpinX, a Hong Kong-based company that provides a social casino service where users can play popular casino games like roulette, video poker, slots, and…

Industry ・ 04 August 2021

Game Developer

Netmarble acquires SpinX Games for $2.19 billion to expand into social casino genre

South Korean publisher Netmarble has fully-acquired mobile casino game developer SpinX Games for $2.19 billion. Netmarble explained the deal will allow it to expand into a new genre by leveraging SpinX titles like Cash Frenzy, Lotsa Slots, and Jackpot World. The social casino market has proved lucrative for SpinX, recorded $423 million in sales…

Winnings ・ 03 August 2021

EconoTimes

Korea’s Netmarble buys SpinX casino game company for $2.1 billion

Netmarble Corp., South Korea's largest mobile gaming company, revealed its plan to buy SpinX Games, a Hong Kong-based casino game firm. It was shared that the acquisition deal will cost the game developer some $2.1 billion. According to Yonhap News Agency, under the agreement, Netmarble Corp. will acquire a 100% stake in Leonardo Interactive…

Games ・ 03 August 2021

Daijiworld

Netmarble to acquire game company SpinX Games for $2.1 bn

Seoul, Aug 2 (IANS): South Korean game developer Netmarble said on Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at $2.1 billion. Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully owns the social…

Mobile ・ 03 August 2021

Nikkei Asia

Netmarble to acquire casino game maker SpinX for $2.2bn -Nikkei Asia

SEOUL -- Online game developer Netmarble has agreed to acquire Hong Kong-based casino game company SpinX Games for $2.2 billion, in what is being described as the biggest overseas merger and acquisition deal by a South Korean game company. Netmarble said Monday that it had agreed to buy 100% of Leonardo Interactive Holdings, the parent of SpinX, to…

Games ・ 03 August 2021

Yogonet

South Korean game developer Netmarble acquires social casino SpinX

outh Korean game developer Netmarble Corp has bought Hong K ong-based social casino game company SpinX Games for an estimated $2.19 billion. The acquisition has been done through its holding company based in the Cayman Islands and announced on Monday. Lee Seung-Won, head of Netmarble, said: "On top of the mainstay role-playing game company, the…

Software ・ 02 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

Lotte Tour says new casino at Jeju Dream Tower attracting 300 visitors per day

Dream Tower Casino, the recently opened casino at Lotte Tour Development's Jeju Dream Tower, welcomed an average of around 300 visitors per day during the first three weeks of operations, according to local media reports. South Korea news outlet News 1 Korea reported Monday that Dream Tower Casino had achieved casino sales of more than KRW5 billion…

Jobs ・ 07 July 2021

Augusta Free Press

Online gaming industry thriving in 2021

Over the last couple of years, the online gaming industry has consistently been growing. In 2020, the global online gaming market generated around $21.1 billion U.S. dollars in revenue, 21.9 percent growth compared to 2019. With China, Japan, and South Korea having the biggest gaming reach, the online gaming audiences are projected to surpass 1.3…

Industry ・ 29 June 2021