Location: South Korea

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.…

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…

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…

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…

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…

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…

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,…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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.…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Police in South Korea have investigated illegally operated sports gambling sites, apprehending 38 people and arresting 17 suspects. The worth of the two illegal operations is said to be around KRW900bn ($797m), according to The Korea Herald. The authorities said 17 people who were using the illegal gambling sites were also apprehended for violating…

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…

JEJU, June 24 (Korea Bizwire) - A foreigner-only casino in the Jeju Dream Tower integrated resort, which opened on June 11 in the southern resort island of Jeju, recorded its first jackpot win only 12 days after opening. According to Lotte Tour Development, a Chinese man in his 40s who resides in South Korea won a 204 million won (US$179000) grand…

JOHOR BARU: Police have busted a South Korean online gambling syndicate that has raked in over RM87mil since it started operations here about two years ago. Johor police chief Comm Datuk Ayob Khan Mydin Pitchay said police raided two bungalows in Iskandar Puteri at around 5pm on Saturday (June 5). "During the raids, police arrested 10 male…

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that it intends to officially premiere the gambling element within its new Jeju Dream Tower development from next month. According to a Tuesday report from Inside Asian Gaming, the $1.4 billion property'soft launched' its restaurants, retail…

Casino revenue at Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, rose 9.0 percent sequentially in October, compared to September, the firm said in a Tuesday filing to the Korea Exchange. October casino revenue was KRW22.36 billion (US$19.7 million), versus just under KRW20.51 billion in September. But judged year-on-year,…

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…

Police in South Korea are scouring the country for leads in the disappearance of millions of dollars in cash from a casino on a popular holiday island. Jeju Shinhwa World, one of the largest resorts on Jeju Island, reported to police earlier this month that over 14 billion won, equivalent to $13 million, had gone missing from the Landing Casino,…

The Global Online Gambling & Betting Market Research Report Forecast 2021 - 2025 The Report begins with an overview of the Online Gambling & Betting Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market…

South Korean foreigner-only casino operator Paradise Co reported casino sales of KRW17.30 billion (US$14.6 million) in August - down 75% year-on-year but flat compared with July. With table game sales almost identical month-to-month at KRW15.41 billion (US$13.0 million) - slots fell 3.3% to KRW1.90 billion (US$1.6 million) - the numbers look likely…

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…

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…

Paradise Co Ltd has reported January sales of KRW27.3bn (US$24.5m), representing a 62% year-on-year decline. The total was also a 36% month-on-month decrease. The South Korean casino operator, open to foreign nationals only, has been heavily affected by the COVID-19 pandemic, as with both the casino market and tourism market in the country more…

South Korean police have discovered unidentified cash worth KRW8.1bn ($7.4m) at a resort casino on Jeju Island, potentially connected to alleged theft by an employee at the company. The Jeju Provincial Police Agency confirmed that investigators are in the process of analysing if the banknotes - discovered at a safe at the casino - are part of the…

Via a link with London-based games studio Revolver Gaming, online casino and sports betting software provider SoftSwiss has unveiled its new portfolio expansion. SoftSwiss will add the slot provider's content suite to its igaming platform following an expansion into new gaming markets earlier in the week, namely India, Japan and South Korea. The…

SoftSwiss, an international tech company with a focus on the entertainment sector has recently expanded to Indian, Japanese and South Korean markets with its most renowned solutions for iGaming and sports betting industries. SoftSwiss state-of-the-art solution Online Casino Platform is now fully equipped and integrated with all the local…