03 Dec 20242 min. read

Kangwon Land has begun construction on a second casino for South Korean residents

Kangwon Land has begun construction on a second casino for South Korean residents
Sam Smith
written and last updated by Sam Smith at 03 Dec 2024 Journalist, Editorial Department
Representatives from Kangwon Land have announced plans to build a new casino, with a budget of ₩179.6 billion (approximately $130 million). Currently, the operator owns the only casino in South Korea where local residents are permitted to gamble.
According to a company spokesperson, the new facility will cover an area of 16,161 square meters and will be located across several floors of the main tower of the High1 Grand Hotel. Construction is set to begin this month, with the project expected to be completed by December 2027.
The development of the second casino aims to create a more enjoyable gaming environment and address overcrowding issues at the existing venue. The opening of the new casino will triple the capacity of the Kangwon Land gaming complex, featuring new VIP lounges that will be accessible to both Korean and international guests via helicopter. Additionally, the casino will be connected to the nearby High1 golf resort by a sky bridge.
In addition to the new casino, Kangwon Land is also working on other projects, including the construction of a new hotel and the modernization of various entertainment facilities. The operator has received approval to increase the total number of gaming tables from 200 to 250 and slot machines from 1,560 to 1,860. Furthermore, betting limits in special zones designated for foreigners will see a significant increase, rising from the current limit of ₩300,000 (about $230) to ₩300 million (approximately $23,000).
This decision comes in response to potential competition from the $10 billion integrated resort MGM in Osaka, which is set to open in 2030. It is also worth noting that the construction of the Inspire Entertainment Resort in South Korea is nearing completion.

Blog

Explore more interesting news

Games from the provider Amigo Gaming have been added to the Elantil platform
04 Dec 2025 Games from the provider Amigo Gaming have been added to the Elantil platform

Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...

Brazilian authorities have decided to implement a modest increase in tax rates for the gambling industry
03 Dec 2025 Brazilian authorities have decided to implement a modest increase in tax rates for the gambling industry

The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...

The provider Pragmatic Play has signed a multi-product agreement with the Peruvian operator Loterías Torito
02 Dec 2025 The provider Pragmatic Play has signed a multi-product agreement with the Peruvian operator Loterías Torito

Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...

Revenue at Jeju Dream Tower Casino surged by 96.9% in November 2025
01 Dec 2025 Revenue at Jeju Dream Tower Casino surged by 96.9% in November 2025

Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...

Genting Malaysia, the casino operator, reported significant improvements in the group's financial performance for the third quarter of 2025
28 Nov 2025 Genting Malaysia, the casino operator, reported significant improvements in the group's financial performance for the third quarter of 2025

Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...

A player at the online casino DraftKings has hit a record jackpot on the slot machine Huff N’ Even More Puff
27 Nov 2025 A player at the online casino DraftKings has hit a record jackpot on the slot machine Huff N’ Even More Puff

A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...

The provider Amigo Gaming has entered the Peruvian gaming market in partnership with operator Meridianbet
26 Nov 2025 The provider Amigo Gaming has entered the Peruvian gaming market in partnership with operator Meridianbet

Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...

Land-based casinos and online gaming platforms contributed to a significant increase in tax revenues for Brazil in 2025
25 Nov 2025 Land-based casinos and online gaming platforms contributed to a significant increase in tax revenues for Brazil in 2025

The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...

Finnish authorities have unveiled plans to establish an open iGaming market in the country
24 Nov 2025 Finnish authorities have unveiled plans to establish an open iGaming market in the country

Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...

Aviamasters by BGaming has been awarded the title of Best Casino Game of 2025 at the SiGMA Central Europe Awards
21 Nov 2025 Aviamasters by BGaming has been awarded the title of Best Casino Game of 2025 at the SiGMA Central Europe Awards

BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...

Ontario's gambling industry reached record highs in October 2025
20 Nov 2025 Ontario's gambling industry reached record highs in October 2025

The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...

Game content developer Booming Games is continuing its European expansion with a new launch in Portugal
19 Nov 2025 Game content developer Booming Games is continuing its European expansion with a new launch in Portugal

Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...

GambleCrush App for Windows Download App not to miss updates