Why is Kangwon Land the only casino Koreans can enter?
Article 11 of Korea's 1995 abandoned-mine-areas act lifts one casino out of the foreigner-only rule. The statute and its 2025 sunset, read 18 October 2026.
Trade coverage of Asia's gaming industry
13 articles
Article 11 of Korea's 1995 abandoned-mine-areas act lifts one casino out of the foreigner-only rule. The statute and its 2025 sunset, read 18 October 2026.
17 foreigner-only casinos plus Kangwon Land, per the Korea Casino Association's member list read on 17 October 2026, with every venue by region.
Grand Korea Leisure's 2026 casino sales month by month, from August's KRW31.11bn to May's KRW43.14bn, with hold and the nine-month total, sourced.
Paradise Co's 2026 casino sales month by month, from March's KRW49.5bn low to August's KRW104.91bn record, each figure sourced and dated.
Who grants a Korean foreigner-only casino licence, the statute behind it, how the NGCC sales ceiling treats it, and the Inspire permission KED reported.
Paradise City is owned by PARADISE SEGASAMMY, a joint venture of Paradise Co. and Sega Sammy. The ownership chain, each stake sourced and dated.
Inspire reports on an October-September year, Paradise by calendar year. We put the two Incheon casinos' revenue on the same twelve months.
Line by line, what Mohegan still owes on Inspire Korea after Bain took the resort: guarantees, letters of credit and the $100m support agreement, dated.
No buyer named: Bain's May 2025 open bid for MGE Korea ended without one, per iGB (Jan 2026). A dated timeline and the licence rules a new owner faces.
Bain accelerated a US$275m loan and took Inspire in February 2025. The debt stack, the FY25 results and the sale listing on one dated page.
The country's protected domestic house is going after the segment where the growth has been — a segment that today accounts for about one percent of its own gate. Korea's 17 foreigner-only casinos grew visitors almost 19% last year, per the report; Kangwon Land grew 4.5%.
A reported KRW51.59bn July — the property's best casino month of 2026 — caps a genuine operating story. The cost side of the ledger is where the risk now lives.
A proposal reported in July would lift operators' tourism-fund contribution to 15% of casino revenue — a straight haircut to margins in the foreigner-only segment.