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South Korea Gaming Summary

Background

South Korea currently has a lottery, horse and cycle racing, and casinos.

 

Casino Gaming

Development: In 1968, the government of South Korea permitted the opening of casinos catering only to foreigners. In 2000, the first casino permitted to admit South Koreans, the Kangwon Land casino, opened.

Regulation: South Korean casinos are regulated by National Gambling Control Commission.

Taxation: Effective rate of 20 percent of gaming revenues.

Size of Market: Currently, there are 17 casinos in South Korea: three in Seoul, one in Incheon, two in Kangwondo, one in Kyongju, two in Busan, and eight on Jeju Island.

 

For more information

National Gambling Control Commission

 

Casino Revenue in South Korea (Calendar Year)

 

Gaming Revenue: Calendar Year Totals
Year
Kangown Land Casino
Foreigner-Onl Casinos
Total South Korea
2000
78,676,000
303,045,000
381,721,000
2001
354,042,000
298,350,000
652,392,000
2002
380,214,000
331,533,000
711,747,000
2003
557,928,000
334,740,000
892,668,000
2004
660,000,000
381,568,000
1,041,568,000
2005
813,400,000
426,006,000
1,239,406,000
2006
898,668,000
508,376,000
1,407,044,000
2007
1,108,620,000
661,932,000
1,770,552,000
2008
1,020,396,000
700,104,000
1,720,500,000
2009
912,687,000
726,484,000
1,639,171,000
2010
1,090,458,000
874,872,000
1,965,330,000
2011
1,078,987,000
1,027,299,000
2,106,286,000
2012
1,209,332,000
1,251,021,000
2,460,353,000
2013
1,368,479,000
1,368,479,000
2,647,511,000

Revenues are given for the calendar year in $USD.

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

 

South Korea Casinos by Region

2013

Location

Casino Name/
(Operating Company)

License
permitted

OWN/
LEASE

# of Employee

‘13Rev./Won
(Million)

’13 total visitors

 (㎡)

Seoul

Paradise Walkerhill Casino
【Paradise Co. Ltd】

‘68. 3.5

Lease

1002

424,824

493,935

3,178.4

 

7 Luck Casino Gangnam
【Grand Korea Leisure Co. Ltd】

‘05.1.28

Lease

822

284,972

418,275

6,059.85

 

7 Luck Casino Hilton
【Grand Korea Leisure Co. Ltd 】

‘05.1.28

Lease

537

182,849

981,195

2,811.94

Pusan

7 Luck Casino Pusan Lotte
【 Grand Korea Leisure Co. Ltd 】

‘05.1.28

Lease

308

78,997

218,199

2,532.6

 

Paradise Casino Pusan
【Paradise Global Co. Ltd】

‘78.10.29

OWN

318

75,347

93,157

2,283.5

Incheon

Incheon Casino
【Paradise Sega Sammy Co. Ltd】

‘67. 8.10

Lease

378

88,243

52,481

1,311.57

Kangwon

Alpensia Casino
【Cozana Co. Ltd】

‘80.12.9

Lease

24

1,386

12,209

689.51

Daegu

Hotel Interbulgo Daegu Casino
【Golden Crown Co. Ltd】

‘79. 4.11

Lease

206

14,941

90,088

3,473.37

Jeju

The K Jeju Hotel & Casino
【NSD Media Co. Ltd】

‘75.10.15

Lease

211

21,421

46,142

2,359.1

 

Paradise Jeju Casino
【Paradise Co. Ltd】

‘90. 9.1

Lease

205

56,241

54,210

2,756.7

 

Shilla Casino
【Majestar Co. Ltd】

‘91. 7.31

Lease

182

25,217

38,726

2,886.89

 

Royal Palace Casino
【Poonghwa Co. Ltd】

‘90.11.6

Lease

165

13,338

24,520

1,353.18

 

Lotte Hotel Jeju Casino
【Doosung Co. Ltd】

‘85.4.11

Lease

204

50,142

39,507

1,205.4

 

The Hotel & Vegas Casino
【GNL Co. Ltd】

‘90. 9.1

OWN

130

13,278

60,087

2,124.52

 

Hyatt Hotel Casino
【Beluga Co. Ltd 】

‘90. 9.1

Lease

168

16,467

47,765

803.3

 

Golden Beach Casino
【Golden Beach Co. Ltd】

‘95.12.28

Lease

130

20,816

36,819

2,280.79

16 (Only foreigners)

 

4,990

1,368,479

2,707,315

38,110.65

Kangwon

Kangwon Land Casino
【Kangwon Land Co. Ltd】
(foreigners and citizens))

`00.10.12

OWN

3,631

1,279,032

3,067,992

12,792.95

Total 17

 

 

8,621

2,647,511

5,775,307

50,903.60

2011

Location

Casino Name/
(Operating Company)

License
permitted

Own/Lease

# of Employees

‘10 Rev./Won
(Million)

’10 Total Visitors

 (㎡)

Seoul Paradise Walkerhill Casino
【Paradise Co. Ltd】
3.5.1968
Lease
855
295,881
368,419
3,178.4
  7 Luck Casino Gangnam
【Grand Korea Leisure Co. Ltd】
1.28.2005
Lease
1,363
250,842
343,537
6,059.85
  7 Luck Casino Hilton
【Grand Korea Leisure Co. Ltd 】
1.28.2005
Lease
472
166,437
774,734
2,811.9
Pusan 7 Luck Casino Pusan Lotte
【 Grand Korea Leisure Co. Ltd 】
1.28.2005
Lease
262
56,159
180,020
2,234.3
  Paradise Casino Pusan
【Paradise Global Co. Ltd】
10.29.1978
Own
249
70,452
83,947
2,283.5
Incheon Golden Gate Casino
【Paradise Incheon Co. Ltd】
8.10.1967
Lease
272
63,838
29,186
1,311.57
Kangwon Alpensia Casino
【Cozana Co. Ltd】
12.9.1980
Lease
30
294
4,334
547.9
Daegu Hotel Interbulgo Daegu Casino
【Golden Crown Co. Ltd】
4.11,1979
Lease
103
60
569
3,473.37
Jeju Ramada Plaza Casino
【Ace Trading Co. Ltd】
10.15.1975
Lease
149
12,673
19,903
2,359.1
  Paradise Grand Casino
【Paradise Jeju Co. Ltd】
9.1.1990
Lease
130
20,972
30,522
2,756.7
  Beluga Casino & Resort
【Beluga Co. Ltd】
7.31.1991
Lease
109
4,376
13,848
1,953.6
  Royal Palace Casino
【Poonghwa Co. Ltd】
11.6.1990
Lease
98
10,620
9,174
1,353.18
  Lotte Hotel Jeju Casino
【Doosung Co. Ltd】
4.11.1985
Lease
148
20,744
33,322
1,205.4
  The Hotel & Vegas Casino
【TLC Leisure Co. Ltd】
9.1.1990
Own
158
13,404
23,091
1,026.6
  Hyatt Hotel Casino
【Unicorn Co. Ltd】
9.1.1990
Lease
74
5,424
5,640
803.3
  Golden Beach Casino
【Golden Beach Co. Ltd】
12.28.1995
Lease
131
13,558
25,573
823.9
16 (Only foreigners))
4,603
1,005,734
1,945,819
34,182.57
Kangwon Kangwon Land Casino
【Kangwon Land Co. Ltd】
(foreigners and citizens))
10.12.2000
Own
1,697
1,256,850
3,091,209
7,322.12
Total 17
6,300
2,262,584
5,037,028
41,504.69

Data courtesy of Youkyung Kim, 7luck Casino, International Marketing Team.

South Korea Casino Market Share

2013

2011

South Korea Casino Market Share 2011

Data and chart courtesy of Youkyung Kim, 7luck Casino, International Marketing Team.

 

South Korea Gaming Timeline

1967: Korean casinos are legalized

1967: First casino, Incheon Olympos Hotel Casino, opens

1968: Paradise Walkerhill Casino opens inside the Sheraton Grande Walker-hill Hotel in Seoul

1969: Paradise Casino Incheon opens

1975: Ramada Plaza Casino, first on Jeju Island, opens

1978: Paradise Casino Pusan opens

1979: Hotel Interbulgo Daegu Casino opens in Daegu

1980: Alpensia Casino opens in Kangwon

1985: Lotte Hotel Jeju Casino opens

1990: The Hotel & Vegas Casino opens on Jeju

1990: Paradise Grand Casino opens on Jeju

1990: Royal Palace Casino opens on Jeju

1990: Hyatt Hotel Casino opens on Jeju

1990: Shilla casino opens in the Shilla Jeju Hotel on Jeju Island

1991: Beluga Casino & Resort opens on Jeju

2000: Kangwon Land Casino opens at the foot of Mount Harnbaeksan

2005: On August 5, Paradise Casino Incheon moves to Hotel Hyatt Regency Incheon, is renamed Golden Gate

2006:7 Luck Casino Gangnam opens in Seoul

2006:7 Luck Casino Hilton opens in Seoul

2006: 7 Luck Casino Pusan Lotte opens


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Last modified Tuesday, 22-Jul-2014 10:49:17 PDT