Inspire will open well after it's nearest major competitor, Paradise City, a project that broke ground in 2014, opens early April of 2017 at a cost of $1.7b. Inspire Integrated Resort is expected to open in 2020. In another corollary to Vietnam, the progress of developing casino Integrated Resorts (IR) continued with America's Mohegan Sun securing a license to build a KRW1.5 trillion (US$1.21 billion) casino and entertainment facility on Yeongjong Island, next to Incheon International Airport. The republic also saw a faction of the government propose opening up the country's casinos to locals, who are barred from playing at any of the seventeen licensed casinos except at the remote Kangwon Land Casino at the foot of Mount Harnbaeksan in Sabuk-eup. Q4 saw a doubling of profits and it has posted steady increases since then.

Kangwon Land posted steady profits due to mass gaming by local players even as VIP numbers were down during the MERS crisis. Grand Korea Leisure Co Ltd (GKL) posted a 38 percent jump in profits for Q2.

In July, Paradise Company Limited was showing a 99.2% increase year-on-year in total sales for June.īetween January and August, a million people had visited the country's casinos. South Korea saw some of the same movement that other Asian nations, such as Vietnam, experienced in 2016 including a greater influx of VIP Chinese gamblers who currently prefer to stay away from Macau due to Beijing's continued crackdown there.īy Q3 all of the casinos seemed to have recovered from a disastrous decline in 2015 and early 2016 visits due to fears of a disease called Middle East Respiratory Syndrome, or MERS. Following is a recap of important developments and the current state of affairs in the South Korean casino industry as of early Q42016. Kangwon Land is still the only Korean casino to accept play from nationals. The South Korean gambling industry has seen progress in 2016 even though Koreans continued to be forced to travel outside the country, or to the remote Kangwon Land Casino to gamble in 2016.

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