Jeju WanLi Casino suspends operations until 31 December
Operator Gil Sang Chang Hui LLC filed a suspension notice; Jeju cites internal conflicts and finances
Key Takeaways
- Jeju WanLi Casino will halt operations from 31 October to 31 December 2026 after the operator filed a suspension notice with the Jeju government.
- The casino began a soft launch on 2 September 2026 and reported between 200 and 300 daily customers before the suspension.
- Operator Gil Sang Chang Hui LLC appointed Vincent Loi as chief operating officer in August 2025.
- A Jeju official attributed the suspension to “internal management conflicts” and “financial difficulties,” while the casino itself did not detail reasons in its notice.
Jeju WanLi Casino will suspend operations from Saturday 31 October through 31 December, inclusive, a Jeju government official told GGRAsia on Wednesday 29 October 2026. The venue, for non-Korean patrons only and operated by Gil Sang Chang Hui LLC, filed a suspension notice with the provincial government without specifying reasons.
Dates, patronage and staff
The casino opened in a soft launch on 2 September 2026, one day after the Sheraton Jeju Hotel reopened on the site of the former Gongzi Casino. Since early September the venue reported between 200 and 300 daily customers and had recruited a “significant” number of staff, the Jeju official said.
The venue operating under the Gongzi brand had suspended operations from early November 2024, and an independently branded hotel at the same site closed in early 2025 during the complex’s restructuring.
Cited reasons and communications
The official said the likely causes were “internal management conflicts and financial difficulties.”
“The casino has filed a suspension notice for up to December 31 to the Jeju government, but has not specified the exact reasons for suspension.” — Jeju government official, quoted by GGRAsia
GGRAsia contacted Jeju WanLi Casino management for comment on the suspension and its causes; there was no public response from the casino’s administration at the time of publication.
Management and executive background
The Jeju government confirmed the operator is Gil Sang Chang Hui LLC. The company appointed Vincent Loi as chief operating officer in August 2025. According to his LinkedIn profile, Mr Loi was associate senior vice president of international marketing at Hoiana Resort & Golf from May 2023 to November 2024.
Regulatory framework
Since 2009 the province of Jeju has maintained specific regulatory controls over casinos for foreign patrons on the island. For related coverage see the regulation section or sector news in news.
Frequently Asked Questions
How long will Jeju WanLi Casino be suspended?
The suspension runs from 31 October through 31 December 2026, inclusive, according to the notice filed with the Jeju government.
Who operates Jeju WanLi Casino and who is its chief operating officer?
Jeju WanLi Casino is operated by Gil Sang Chang Hui LLC, which appointed Vincent Loi as chief operating officer in August 2025.
How many customers was the casino receiving before the suspension?
A Jeju government official confirmed the casino had received between 200 and 300 daily customers since its soft launch on 2 September 2026.
What reasons did the Jeju government give for the suspension?
A Jeju official said the probable reasons were “internal management conflicts” and “financial difficulties,” while the casino did not specify motives in its filed notice.
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About the author
Gonzalo Marín
Industry Deals Correspondent
Gonzalo Marín covers the corporate deal flow of gambling — operator strategy, M&A, regulated-market entries, and product launches. The reports open with the transaction, cite companies, valuations, and jurisdictions exactly as released, and keep the announcement apart from its actual effect. When a Latin American operator raises capital or a European brand lands in the region, Gonzalo Marín reports who signs, for how much, and on what terms.
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