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Korea – Korean casinos report growth in January and February

The Korea Casino Association has reported that Korea’s 16 foreigner-only casinos are finally returning back to growth following political unrest between China and South Korea last year.

Whilst Chinese visitors continued to fall due with declines of 3.2 per cent in January and 5.2 per cent in February, more visitors from Japan and Taiwan saw overall visitor levels increase by 1.6 per cent in January and February reaching 366,000.

GGR in January and February amounted to KRW204.8bn (US$191.6m), giving an increase of 15.9 per cent when compared to last year’s figures for the same period.

A spokesperson at the association said: “Chinese visitors are still the biggest group of customers at foreigners-only casinos, but their number continues to fall. We are seeing a turnaround this year, thanks to a steady increase of tourists from Japan.”