South Korea Casino Revenue
- South Korea Casino Revenue Center
- South Korea Casino Revenue Commission
- South Korea Casino Revenue Office
- Casino gaming and lotteries are not the only forms of gambling to be legal in South Korea. Apart from these, gambling customers are also allowed to bet on horse racing, boat and cycling races, and bullfighting. Tax revenue from the country’s casinos increased 12.1% year-on-year to KRW478.8 billion, the national gambling regulator reported.
- South Korea’s three major operators are likely to come through the economic downturn caused by the Covid-19 pandemic without too much difficulty, but the smaller and weaker operators on the island of Jeju may face a much tougher time, analysts say. The South Korean casino market is dominated by three major players—Paradise Co., Grand Korea Leisure (GKL), and Kangwon Land.Privately-held.
- Casino revenue South Korea 2019 Published by Jang Seob Yoon, Sep 15, 2020 In 2019, Kangwon Land Casino recorded revenue of approximately 1.481 trillion South Korean won. Seven casinos experienced a.
This morning the Korea Casino Association published the financial report on gaming activities, which reveals that sales in January and February achieved US$191.56 million, which represents an increase of 15.9% in comparison with the same period of 2017. Kangwon Land Casino. Kangwon Land Casino is located at the foot of High1 Ski and Golf Resort in Sapuk-eup, Jeongseongun, South Korea. It is the largest casino in the country and accounts for about half of the total gambling revenue annually.
| 주식회사 강원랜드 | |
| Traded as | KRX: 035250 KRX 100 Component |
|---|---|
| Industry | real estate development |
| Founded | June 29, 1998 |
| Headquarters | 265 High1-gil, Jeongseon-gun, Gangwon-do |
| Hahm Sung-hee (CEO) | |
| Owner | Ministry of Trade, Industry and Energy, through Mine Reclamation Corporation (36.27%) Provincial Government of Gangwon-do, through Gangwon-do Development Corporation (6.11%) National Pension Service (5.58%) |
| Subsidiaries | High1 Entertainment Inc. High1 Sangdong Theme Park Inc. High1 Choochoo Park Inc. |
| Website | kangwonland.high1.com/ |
| Kangwon Land | |
| Hangul | |
|---|---|
| Revised Romanization | Gangwon Raendeu |
| McCune–Reischauer | Kangwŏn Raendŭ |
| Kangwon Land | |
|---|---|
| Address | 265 High1-gil, Jeongseon-gun, Gangwon-do |
| Opening date | October , 2000 |
| No. of rooms | 676 |
| Permanent shows | Magical Box |
| Signature attractions | Multimedia Fountain |
| Notable restaurants | World Fusion Restaurant, Mint Bar, Restaurant PANGE, Crystal Lounge, Summitas Club & Lounge, Free drinks bar |
| Casino type | Land |
| Architect | Wimberly Allison Tong & Goo |
| Website | http://www.high1.com/ |
Kangwon Land (hangul:강원랜드) is a South Korean casino and resort company based in Gangwon Province, South Korea. The Company develops abandoned mines and builds gaming and entertainment facilities.[1] Kangwon Land operates a number of game tables and slot machines for domestic and international customers under its gaming licenses.[2]
History[edit]
Kangwon province where Kangwon Land is located, was well known as a coal mining area. It once experienced a “coal rush” when coal was used as a major national energy source during 1970 to 1980s. The Kangwon province had experienced devastating economic downturns since coal was replaced by gas and oil in the 90s. The Korean government tried to introduce several alternatives to revitalize the local economy, but the community repeatedly and vigorously requested a domestic casino, and it became authorized in December 1995. [3]
In October 2000, when Kangwon Land first opened to Korean citizens as well as to international tourists, it had one hotel with 199 rooms and a casino that had only 30 table games and 480 slot machines.
Kangwon Land operates two hotels with 674 rooms, two condominiums with 403 rooms, an 18-hole golf course, a ski resort with 18 slopes, and a casino with 132 table games and 960 slot machines on 2,800 acres of land. The effort to diversify sales continues today, as Kangwon Land is constructing a new convention hotel and 2 more condominiums. A new water park is scheduled to open in 2015 to complete the family-oriented year round comprehensive resort.
Kangwon Land offers a scholarship to students in abandoned mine areas and also spends 2 billion won each year to treat pneumoconiosis patients and support their livelihood. [4]
Kangwon Land Casino[edit]
Kangwon Land Casino is located at the foot of High1 Ski and Golf Resort in Sapuk-eup, Jeongseongun, South Korea. It is the largest casino in the country and accounts for about half of the total gambling revenue annually. Kangwon Land Casino is currently the only Korean casino that allows the country's denizens to play, but also caters to a high number of foreign visitors.
The casino itself covers a gross floor area of 27,291 square meters and houses 200 gaming tables and 1,360 slots and video gambling machines. The Summitas Club is a special place of distinction for casino VIPs only and is open from 10am until 6am seven days a week.[5]
- Table games varieties: Blackjack, Baccarat, Roulette, Big Wheels – 5 kinds.
- Slot machines varieties : 480 slot machines – 99 kinds
- Age limit : from age 19 and up (verification of identity is mandatory)
- Taking pictures in the casino and/or admission after drinking alcohol is strictly forbidden [6]
High1 Resort[edit]
High 1 Resort is one of Korea's most famous and popular ski and leisure resorts located between Gohan and Sabuk in Jeongseon County, Gangwon-do. The resort spans most of Gohan's mountains and stretches into nearby Sabuk.[7]
High1 CC[edit]
High1 CC is a high-elevation, 72-par golf course with 18 holes. It is situated at the High1 Resort near Kangwon Land Casino at an elevation of 1,137 m above sea level. The course is over 6,500 meters long. Many amenities are offered at High1 CC, including a 200-meter practice range, a tea house located near the 4th and 14th holes, and a start house offering snacks and drinks as well as an integrated sauna and swimming pool.[8]
Multimedia Fountain Kangwon Land[edit]
Multimedia Fountain works in spring, summer and fall. Multimedia Fountain Kangwon Land is considered Asia's largest musical fountain.[7] The project design and development was performed by Emotion Media Factory, a Germany-based company responsible for the dancing fountains in Chiang MaiNight Safari Park (Thailand) and Vinnytsia Fountain Roshen (Ukraine) as well as the multimedia shows for AIDA Cruises.
The Magical Box multimedia fountain show consists of the big cube system and the fountain. In combination with the fountain during daylight hours the box appears mirrored, but at night it is illuminated to reveal its interior. At night a globe can be seen, some 20 meters in diameter. The special lighting effects give the impression that the globe is rotating and displays the five continents of the world.
Inside the globe is the 'Dome Cinema'. The 'Dome Cinema' has a diameter of 18 meters and is used as the projection area. Video images from TV, DVD, or VHS sources are projected directly into the dome. These images fill almost two thirds of the space. As a result of the various depths of the room, a new laser video system is used to ensure that the images are not distorted. Outside the 'Miracle World Box' is the largest fully automatic screen (24 m x 24 m) in the world! Lighting effects, laser projections and synchronized choreographies ensure a unique and unforgettable experience.
All of the technology used in and around the 'Miracle World Box' was designed, developed and installed by Emotion Media Factory in August 2007.
Multimedia system consists of 180 m water fountains, water screen, video, light, 12 multi-coloured fire units, and laser.
Attractions[edit]
South Korea Casino Revenue Center
The Arari Village Theme Park is an exhibition area where visitors can stay a few days and see what the people were like in a rural village during the Joseon Dynasty. In addition to mementos like Seo-nang-dang (a shrine in honor of a deity) and jang-seung (totem poles) located at the entrance to the village, yeon-ja-bang-a (a millstone usually worked by an ox) and a farming tool workshop display, the theme park is designed to show how the people living in this area were engaged in their community. Traditional houses in the theme park were built on the basis of meticulous historical research.[9]
Lumi Arte which starts from the sculpture park trail and ends at the lake is one of the most popular night sightseeing attractions in High1 Resort.
Fireworks take place on Christmas Eve and New Year's Day eve.
There is a free cinema in The Kangwon Land Hotel (the same building as World Fusion Restaurant and the casino).[7]
Sponsorship[edit]
Sports[edit]
- Gangwon FC - Football Club based in Gangwon Province
- High1- Ice Hockey Team
- Kangwon Land Cup - Go competition
Arts and Culture[edit]
- Seoul Music Awards[10]
See also[edit]
References[edit]
- ^'Wordpress'(PDF). Wordpress.
- ^'035250:Korea SE Stock Quote - Kangwon Land Inc'. Bloomberg.com. Retrieved 2015-11-22.
- ^Lee, Yunekyong. 'UNLV Theses/Dissertations/Professional Papers/Capstones'. Unlv. University of Nevada.
- ^'Kangwon Land moving beyond casino to all-season, family resort'. www.koreaherald.com. 2013-09-22. Retrieved 2015-11-22.
- ^'Kangwon Land Casino & Hotel'.
- ^'Gangwon Land Casino (강원랜드카지노) Official Korea Tourism Organization'. english.visitkorea.or.kr. Retrieved 2015-11-22.
- ^ abc'High One Resort South Korea - Gangwon-do - Attraction Review'. www.thesouthkoreatravelguide.com. Archived from the original on 2015-11-23. Retrieved 2015-11-22.
- ^'Kangwon Land Casino & Hotel'. www.worldcasinodirectory.com. Retrieved 2015-11-22.
- ^'The Seoul Times'. theseoultimes.com. Retrieved 2015-11-22.
- ^'28th Seoul Music Awards'. www.seoulmusicawards.com. Archived from the original on December 21, 2016.
External links[edit]
- Official website(in Korean and English)
- High1 Resort website(in Korean, English, Chinese, and Japanese)
Casino operators run 4 foreigners-only properties in the country
South Korea Casino Revenue Commission
South Korean casino operator Paradise Co Ltd, which runs gaming venues open only to foreigners, has reported that casino revenue grew to more than KRW73.63 billion (US$61.0 million) last month, 6.6 percent more than one month earlier and 42.7 percent more than at the same stage last year, filing in at the Korea Stock Exchange that its revenue from gaming tables in September had been almost KRW69.66 billion, 6.0 percent more than the month before and 45.1 percent more than a year earlier.
In the report, Paradise files in that Table drop at the firm’s gaming tables was KRW529.01 billion in September, 15.1 percent less than the month before but 8.1 percent more than a year earlier; whiles revenue from gaming machines in September had been around KRW3.97 billion, 18.6 percent more than the month before and 10.7 percent more than a year earlier.
Paradise said its casino revenue grew to nearly KRW567.88 billion in the first nine months of 2019, 23.5 percent more than at the same stage last year. Revenue from gaming tables for the period stood at KRW534.33 billion, up 24.9 percent, while slot machine revenue increased 4.9 percent to KRW33.55 billion.
South Korea Casino Revenue Office
Paradise Co’s figures are based on gaming at four properties: Walkerhill in Seoul; the Jeju Grand, on Jeju island; Busan Casino in the southern port city of Busan; and Paradise City, at Incheon, close to the country’s main international airport serving the capital, Seoul. The latter gaming venue has been promoted in partnership with a unit of Japanese entertainment conglomerate Sega Sammy Holdings Inc.