Tag: South Korea

Paradise Company Casino Better Revenue for May

Paradise Company Casino Better Revenue for May
June 9, 2018

The news was bleak for some casinos regarding May gaming revenue, but Paradise Company reported their revenue bounced back after lower numbers in the first quarter. Paradise Company is the foreigner-only casino operator in South Korea. In recent months, the company has not reported earnings, but losses. However, its recent report to the Korean Stock Exchange shows the company is back. Paradise Company has a new record for their success in May. The casino revenue was $48.5 million for May 2018, which was up from May of 2017. Last year they only made $38.63 million. The details show Paradise made… Read More

South Korea Prosecutors Head to Kangwon Land After Scandal

Kangwon Land
March 13, 2018

South Korean authorities are all over Kangwon Land, and we mean all over, after a hiring scandal. The authorities snapped the casino shut over the weekend and went about seizing documentary evidence that they believe can directly pinpoint Kangwon Land as the root cause of the hiring scandal. Kangwon Land is unique in that it is the only casino within South Korea that residents of the country may gamble at. The Korea Times reported that the general prosecutor ransacked Kangwon Land over the weekend in order to procure evidence that would pinpoint a previous senior member of the tourism department…. Read More