Latest News

Back to Latest News back


Overseas casino operators eye South Korean market

Overseas casino operators eye South Korean market
June 18, 2013

Major international gambling groups Caesars Entertainment Corp and the Las Vegas Sands Corp are looking to become the first western casino operators in South Korea.

While a UBS Investment analyst reports that Caesars Entertainment has won a bid to build a resort-casino in South Korea's Incheon region, the rival Las Vegas Sands has plan for to build a Singapore-style integrated resort if it can convince the South Korean Government of the merits of breaking Kangwon Land Casino's monopoly rights to serve South Korean gamblers.

The owner of the Marina Bay Sands casino resort in Singapore and Sands China Ltd.'s five casinos in Macau is lobbying the South Korean Government of the merits of breaking Kangwon Land Casino's monopoly rights to serve South Korean gamblers.

Located in a remote mountain valley, Kangwon Land's casino occupies a unique place in the Korean leisure market, with waits of an hour or more for a seat at a table common and revenue per table running double that of Macau's casinos, according to analysts.

The South Korean Government has previously backed the casino's monopoly to drive tourism to the surrounding area, an economically depressed former mining district.

Currently about 3 million Koreans make the trip each year despite poor transport access.

Marina Bay Sands President & Chief Exective George Tanasijevich has been in discussions with the South Korean government and private entities to enter the market and, during a recent visit to Seoul said that South Korea needs to think more broadly about its tourism infrastructure and consider Singapore's "integrated resorts" strategy.

He added "Singapore has been an early mover to develop integrated resorts and all other markets in Asia are just considering integrated resorts.

"Korea has the opportunity to be an early mover and reap the benefits."


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces



With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology



Quayclean are a national cleaning and waste services partner with proven results in the understanding and delivery of cleaning needs and challenges faced by facilities including; major venues and…

read more

Aquatics / Hospitality / Surfaces / Venues



Intelligenz provides Leisure Management Software for managing all your Program Registrations, Facility Bookings, Membership Sales and POS Transactions; including detailed Reporting, automated…

read more

Access / Billing / Finance / Marketing / Technology


Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport



Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…

read more

Fitness / Sport / Technology / Wellness


APT Asia Pacific Pty Ltd

APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…

read more

Environment / Sport / Surfaces / Technology


Altitude Training Systems

ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…

read more

Fitness / Sport / Technology


get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business