Foreigner-only casino sales swing to growth in 2016

Korea’s foreigner-only casinos bounced back after seeing declines in 2015, registering a 2.6 percent increase in turnover in 2016 – reaching KRW1.3 trillion, according to data from the National Gambling Control Commission.

Visitors numbers to these casinos however dropped in 2016, falling 9.6 percent to 2.36 million visitors in 2016 compared to 2.61 million in 2015.

Kangwon Land, the country’s only local-permitted casino, saw turnover of KRW1.6 trillion, up 4.3 percent year-on-year. The number of people visiting the casino rose from 3.13 million in 2015 to 3.17 million in 2016.

Gaming turnover in South Korea reached a total of KRW 2.9 trillion in 2016, a 3.6 percent year-on-year increase compared to 2015.

The gaming market currently consists of 17 casinos, including Kangwon Land.