Wednesday, April 1, 2020
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Landing seeks HK$137.1m for Jeju ops, says 2019 loss widens

Landing International Development posted a wider loss for 2019 and said it’s seeking to raise $137.1 million ($17.6 million) through a placing of shares to support general working capital for its operations on Jeju Island, South Korea.

Korean operators calculating business suspension losses

With the decision to suspend business operations until April 6, some South Korean operators have begun to release estimates of the losses they are...

South Korean casinos to suspend operations over Covid-19 concerns

All of South Korea’s major casino firms have now announced suspensions of operations as a measure to combat the spread of Covid-19. State-run casino operator...

Kangwon Land extends closure yet again to March 23

Kangwon Land has announced that it will yet again extend its closure until March 23 over concerns about the spread of Covid-19 infection in...
China Stocks

Nerves of steel and a long-term view needed for stock investors

Asia’s gaming stocks have been pummelled by the outbreak of the coronavirus, but with signs China may be bringing the disease under control, is it nearing the time to re-enter the market?

Korean gaming stocks hammered by Covid-19

South Korea’s gaming companies have all seen their stock prices hammered by the Covid-19 crisis, though with varying intensity. Paradise Co. was one of Monday’s...

Kangwon Land extends Covid-19 closure another week to March 15

Kangwon Land has announced that it will once again extend its closure until March 15 over concerns about the spread of Covid-19 infection in...

Paradise, GKL casino revenues up despite virus fears

South Korea’s foreigner-only casinos saw an uptick in February casino revenues, despite coronavirus scares.  Paradise Co Ltd saw its casino revenue rise 16.2 percent year-on-year...

Kangwon Land further extends closure until March 9

Kangwon Land announced last Friday that it would remain closed until March 9 over concerns about the spread of Covid-19 infection in South Korea. Kangwon...

Paradise Co returned to profitability in 2019

Paradise Co has reported a return to profitability in its consolidated 2019 financial results, driven by a 24.4 percent year-on-year increase in net sales. The...

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