![]() point once. Then come back and hit it again. Then hit it a third time-a tremendous whack. ![]() —Winston Churchill |
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20th July 2017 | SHARE THIS
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The Story | |||
South Korean casinos are hoping that their country’s diplomatic spat with China would end soon so that they can welcome Chinese high rollers again at their tables. Â |
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One particular casino badly needs the geopolitical tension to cease. |
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Gongzi Jeju, the newest foreigners-only casino on South Korea’s Jeju island, held its official grand opening on Sunday. The property boasts a 40k-square-foot gaming floor featuring 45 gaming tables and 24 electronic gambling machines. |
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Gongzi Jeju capitalizes on its location. |
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Gongzi Jeju’s operators were keen to point out their venue’s proximity to Jeju’s international airport and shipping docks. The casino’s COO Lysa Evans said that the owner’s vision for Gongzi Jeju is “to create a gaming experience in a location that was accessible, with fantastic natural scenery and relaxing entertainment.” |
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But such beauty might go to waste if it sits empty. |
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The ongoing diplomatic spat between the two countries has put South Korea on the losing end. With Beijing cancelling group tours to South Korea, Jeju’s Chinese tourist numbers fell 56.2% in March and had fallen over 89% by the end of June. |
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South Korean casinos place their hopes on their new government. |
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Beijing issued the travel ban as a response to the plan of the US to set-up a missile system in South Korea. However, the deployment of the missile batteries were halted in May after the new government was elected. But since May, there has been no sign that Chinese officials are preparing to lift the embargo. |
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Takeaway |
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The geopolitical tension between China and South Korea puts the latter’s foreigners-only casinos at risk. South Korean officials should exert more effort in convincing their Chinese counterparts to stop its travel ban. |
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Japanese bitcoin exchanges brace for possible currency split | |||
Thirteen members of the Japan Cryptocurrency Business Association (JCBA) will suspend bitcoin deposits and withdrawals on August 1 in anticipation of a possible network hard fork. |
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Betsson acquisitions drive 69% Western Europe market growth | |||
Betsson’s revenue rose 26% year-on-year to just under SEK 1.12b (US $142m) in the past three months, thanks to the improvement of its Western European operations. |
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Lawyer accuses WSOPC record holder of reneging on backing deal | |||
A lawyer from Tallahassee sued 10-time World Series of Poker Circuit gold ring winner, Maurice Hawkins, over a backing deal which went sour. |
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ESports is evolving into a “spectator sports” as 40% of all eSports-fans who are watching competitive eSports, via IPTV or similar livestream services, are not active players themselves. |
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Really Simple Syndication (RSS)—a technology that allows users to become subscribers of content and ultimately get automatic alerts if updates are made. Digital marketers need an RSS Reader where they receive all the updates. |
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Sports betting industry’s ‘most comprehensive agenda’ at Betting on Sports |
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SBC Events is set to host the Betting on Sports 2017 from September 12 to 15 at the Olympia Conference Center in London. It is said that this year’s conference features its most comprehensive agenda yet by staging 42 sessions with 150 experts. |
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Golf fans, gather round! The 146th British Open will be held on July 20 to 23 at the Royal Birkdale Golf Course in Southport, England. Dustin Johnson and Jordan Spieth are at the top of the betting board as +1400 co-favorites to win the event. |
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