Some analysts say that South Korean 바카라사이트 companies will enjoy reflective profits as the spread of Corona 19 has slowed down in Korea, while other Asian countries are still spreading.

According to Hana Financial Investment, the casino market in five Asian countries -- South Korea, Macau, the Philippines, Singapore and Cambodia -- is worth 58 trillion won a year, of which only 1.6 trillion won is in South Korea.

However, Macau, Asia's largest casino market, has been restricting foreign entry since last month to prevent the inflow of Corona 19 offshore, and this month it has also suspended the operation of the Gangjiao Bridge linking Hong Kong and Macau.

The Philippines, the second largest in Asia, had 5,223 confirmed cases and 335 deaths as of Wednesday. It has banned all foreigners from entering the country since April 22.

Lee Ki-hoon, a researcher at Hana Financial Investment, said, "If an issue that Chinese VIPs can only come to Korea for a short period of time, something ridiculous can happen," adding, "In the case of Paradise, it is 1.1 times the share-based asset ratio (PBR)."

Due to the closure to prevent the spread of Corona 19, sales of major Korean casino operators, including Kangwon Land and other foreign-only casino businesses such as Grand Korea Leisure and Paradise, are expected to fall sharply in the first half of this year.

According to the casino industry on the 27th, Kangwon Land has been shut down from business and GKL and Parada.E-S decided to close its business until April 6, which is estimated to result in a drop in sales and losses of tens of billions of won.

GKL, which operates three foreigner-only casinos in Seoul and Busan, estimated its sales loss to reach 17.5 billion won on-year due to the two-week shutdown.

In January and February, GKL posted 48.9 billion won in earnings, up 48 percent from a year earlier.

Unlike most casinos for foreigners located in the city center, where most of them are accessible, Gangwon Land's performance after the end of the special law is unlikely to be guaranteed as it is not easy to compete with them to lead foreigners due to the regional characteristics of Kangwon Land, located in Jeongseon County, Gangwon Province.

In response, the global investment bank (IB) agreed that Macau's economy will not recover in a short period of time due to a continued drop in sales at the Macau casino.

Citibank said the impact on Macau's economy will be prolonged due to a surge in cases of overseas reverse inflows into Macau. It is also predicted that sales in April will shrink more than in March. Citibank expects casino sales to fall 94 percent year-on-year to 1.5 billion patacas in April.

It also said that while Macau authorities are restricting visits by foreigners and non-residents due to concerns over the spread of Corona 19, they have recently banned additional Chinese mainlanders, Hong Kongers and Taiwanese who have a history of overseas travel from entering the country, adding that casino sales will not be able to recover again if the Corona 19 situation continues for a long time.
 

The special law is a temporary law that is set to end in 2025. It has been extended twice in 2005 and 2015, respectively, for 10 years.

Moon Tae-gon, CEO of cassbet.com, said in his New Year's address in 2020, "This year's performance is more important than ever before ahead of the end of the special law," but the Korona 19 incident has been prolonged, making it difficult to expect good results.

President Moon said at the 2020 Gangwon Land New Year's greeting ceremony held in January, "We have been smoothing our business over the past 20 years with the exclusive status of Korean-inhabited casinos," adding, "If the statute of limitations on supporting the development of abandoned mining areas ends in 2025, Gangwon Land will be on a path that has never been before."

Despite the sharp drop in sales in March, Paradise and 샌즈카지노 showed the stability of their VIP-based sales structure, with their overall earnings hit low in the first quarter.

Paradise's casino sales plunged 69 percent on-month and 60.5 percent on-year to 19.7 billion won in March, compared with a 3.8 percent on-year drop in the first quarter. Despite the spread of Corona 19, the company's sales in February increased 15.7 percent year-on-on-year.

GKL also saw its casino sales plunge 73.4 percent on-month to 11.7 billion won in March, but rose 1.8 percent on-year to 110.2 billion won in the first quarter.

Unlike most casinos for foreigners located in the city center, where most of them are accessible, Gangwon Land's performance after the end of the special law is unlikely to be guaranteed as it is not easy to compete with them to lead foreigners due to the regional characteristics of Kangwon Land, located in Jeongseon County, Gangwon Province.

The special law is a temporary law that is set to end in 2025. It has been extended twice in 2005 and 2015, respectively, for 10 years.

Moon Tae-gon, CEO of Kangwon Land, said in his New Year's address in 2020, "This year's performance is more important than ever before ahead of the end of the special law," but the Korona 19 incident has been prolonged, making it difficult to expect good results.

President Moon said at the 2020 Gangwon Land New Year's greeting ceremony held in January, "We have been smoothing our business over the past 20 years with the exclusive status of Korean-inhabited casinos," adding, "If the statute of limitations on supporting the development of abandoned mining areas ends in 2025, Gangwon Land will be on a path that has never been before."

An official from the casino industry said, "Casino operators have a lot of funds and taxes to pay for the development of the country and the local community," adding, "If the casino's poor performance prevents them from paying a lot of taxes, it will be a big blow to those who don't receive the taxes that they have taken for granted."

Casino companies, which suffered a severe blow to sales due to Corona 19 (COVID-19), are showing signs of rising stock prices. Analysts say that the market's expectations for after Corona 19 have grown, given that the casino centered on VIP sales is characterized by an inelastic decline in demand caused by Corona 19, and that major casino countries such as Macau continue to "shut down."

As of 1 p.m. on the 17th, Paradise (15,000 won rise - 700 -4.5 percent), a casino and complex resort company, is trading at 15,000 won, up 600 won (4.04 percent) from the previous day. GKL (14,800 won up 400 -2.6 percent) (Grand Korea Leisure), which runs the foreigner-only casino "Seven Luck," is also rising 200 won (1.3 percent) to 15,600 won from the previous day.

As Paradise and GKL operate casinos for foreigners, the blow from Corona 19 is bound to be huge. Farada amid the worldwide stock market's faltering Corona19Shares of Isse and GKL fell by half compared to this year's high point in just two months, compared to other industries.

However, the recent rebound is faster than other stocks. Paradise shares rose 57 percent from 9,790 won on April 23, the lowest point this year, and the GKL also rose about 45 percent during the same period. Although global restrictions on movement due to Corona 19 continue and casino sales have plummeted, stock prices have risen even further.

The securities industry believes that the strength of casinos lies in the VIP-oriented sales structure. In general, more than 80 percent of casino sales come from VIP customers, who are usually regular visitors to casinos regardless of the game. Currently, the move is limited due to an emergency situation caused by Corona 19, but it is a customer who will come back to the casino whenever the travel restriction is lifted.

The sharp drop in sales in March was largely attributed to the ban on Japanese visa-free entry and China's self-price measures on 14 days for Korean visitors. VIP sales were also hurt by tougher travel restrictions in Japan and China, major VIP customers.

Paradise's casino cassbet.com is temporarily closed from April 24 to May 20, and GKL has also announced its closure for the same period. Both companies are forced to lose tens of billions of won in sales due to casino closures.

Stock markets still have a positive outlook for the 샌즈카지노 industry. This is because even if the economic recession caused by Corona 19 continues for the time being, casino VIP sales can quickly recover if the restriction on movement is lifted.

Lee Hyo-jin, a researcher at Meritz Securities, said, "Foreign casinos recorded good results in February when Korea's Corona 19 spread was the fastest," and added, "If the pace of recovery in performance determines a further rise in stock prices, casinos will be the fastest among entertainment and leisure industries."

Some analysts say that South Korean casino companies will enjoy reflective profits as the spread of Corona 19 has slowed down in Korea, while other Asian countries are still spreading.

According to Hana Financial Investment, the casino market in five Asian countries -- South Korea, Macau, the Philippines, Singapore and Cambodia -- is worth 58 trillion won a year, of which only 1.6 trillion won is in South Korea. However, Macau, Asia's largest casino market, has been restricting foreign entry since last month to prevent the inflow of Corona 19 offshore, and this month it has also suspended the operation of the Gangjiao Bridge linking Hong Kong and Macau.

The Philippines, the second largest in Asia, had 5,223 confirmed cases and 335 deaths as of Wednesday. It has banned all foreigners from entering the country since April 22.

Lee Ki-hoon, a researcher at Hana Financial Investment, said, "If an issue that Chinese VIPs can only come to Korea for a short period of time, something ridiculous can happen," adding, "In the case of Paradise, it is 1.1 times the share-based asset ratio (PBR)."

Due to the closure to prevent the spread of Corona 19, sales of major Korean casino operators, including Kangwon Land and other foreign-only casino businesses such as Grand Korea Leisure and Paradise, are expected to fall sharply in the first half of this year.

According to the casino industry on the 27th, Kangwon Land has been shut down from business and GKL and Parada.E-S decided to close its business until April 6, which is estimated to result in a drop in sales and losses of tens of billions of won.

GKL, which operates three foreigner-only casinos in Seoul and Busan, estimated its sales loss to reach 17.5 billion won on-year due to the two-week shutdown.

In January and February, GKL posted 48.9 billion won in earnings, up 48 percent from a year earlier.

However, the casinos, a foreigner-only facility, believe they will struggle for the time being, with players' visits falling by more than 90 percent, even if they continue to operate afterwards.

GKL currently has some 1,800 employees, including management staff at its headquarters and casino operations, of which 80 percent are reportedly on paid leave.

Meanwhile, Kangwon Land, which closed on Feb. 23 and is scheduled to reopen on April 6 due to additional business suspensions, expects sales losses from its long-term shutdown to exceed 100 billion won.

The decline in sales of cassbet.com businesses has also caused the neighboring communities to suffer.

In particular, Gangwon Land, the country's only domestic and foreign casino based in Gangwon Province, faces a tougher situation as many local businesses rely on tourists visiting Kangwon Land.

Expectations are growing for the market and the local community over the extension of the statute of limitations for 우리카지노 special law on supporting the development of abandoned mines as candidates for the general elections pledged to extend the special law on supporting the development of abandoned mines.

In particular, the call for the extension of the special law could be bolstered as the closure of Kangwon Land is prolonged due to the Corona 19 and there are growing concerns in the local community that it seems to feel the end of the special law, such as a tax reduction and an economic slump.

13, Gangwon-do, Korea, and donghae, Samcheok-si, Gangwon-do, Jeongseon-gun, Gangwon-do, Taebaek-si, Looking at the candidates for the National Assembly of the pledge to run for most of the extension of the law regardless of party candidates are promising.Are under.

Kim Dong-wan, the candidate of the Democratic Party of Korea, said, "We cannot give up because it is the result of the struggle of the residents of the special law and the seed of hope in the abandoned mining area," and pledged to "extend the special law until 35 and abolish the law deadline as a long-term task."

Lee Chul-kyu, a candidate of the Future Integration Party, also said, "We will extend the validity period of the special law by 10 years to support stable development of abandoned mining areas," and added, "We need to create an environment where Kangwon Land can exist permanently so that the next generation can design the future of Jeongseon at ease."

Candidates for local lawmakers are all pledging to extend the special law because Kangwon Land is not only a key source of tax revenue in the community but also a pivotal role in the local economy.

According to IR data released by Kangwon Land on its website, Kangwon Land paid 145.5 billion won as a fund for the development of abandoned mines for all of 2019.

Compared with Kangwon Land's payment of 124.8 billion won in 2018, the figure rose 16.5 percent. This is due to increased sales and operating profit of Kangwon Land.

Since Kangwon Land pays 25 percent of its net profit before corporate tax deduction to Gangwon Province under Article 11 of the Special Act and Article 16 of the Enforcement Decree, the amount of payment will also increase if Kangwon Land's operating profit increases.

However, with Kangwon Land's performance expected to plunge to Corona 19, dark prospects are rising that Gangwon Province will also reduce taxes it will collect from Kangwon Land.

Lee Hyo-jin, a researcher at Meritz Securities Co., predicted that if Kangwon Land closes its casino operations until June, Kangwon Land's operating loss in the second quarter of this year will reach 94.3 billion won.

Previously, the researcher expected Kangwon Land to reap 127.8 billion won in operating profit in the second quarter.

Due to the Korona 19 incident, Kangwon Land decided to take an unprecedented long-term leave of absence from Feb. 23 to April 20. It may increase further depending on the situation.

Gangwon Land's estimated sales loss from 57 business days alone amounted to 209.6 billion won.

In particular, local residents and communities, who feel as if they felt a similar situation in advance after the special law due to the prolonged Corona 19 incident, are raising their voices more over the extension of the special law.

In the community, the Corona 19 will put Kangwon Land on lockdown, with retail stores, restaurants, taxis and buses all taking a beating around Kangwon Land.

A local resident wrote on an online community cassbet.com, "It feels like I'm seeing in advance after the end of the special law five years later," adding, "Not only nearby shops but also small taxi drivers are having a hard time."
 
If the special law is not extended, Kangwon Land will lose its exclusive status as the only casino in the country capable of entering Koreans.

Park Hee-soo (unaffiliated) of Jeju's Gap constituency in the April 15 general elections said in a commentary on the 4th that he is "deeply concerned if there is a problem with candidate 카지노사이트 human rights awareness."

Candidate Park criticized, "Song said during the debate on the issue of Koreans entering casinos on the 2nd, 'It is necessary for the government to consider the issue of human rights to regulate how much money to bet on when going to Casino.'"

Candidate Park said, "Even though there should be minimum regulations in a preventive way to prevent personal bankruptcy and family crises due to the high risk of addiction, can we say it is an appropriate remark as a former government official and a candidate for the National Assembly?" and added, "We can't hide our lamentation over the fact that we even called the issue a 'prohibition of sex trafficking and similar thoughts'."

He then pointed out that "we cannot help but express our deep concern over such remarks in addition to 'Peace and Human Rights Feeding' and 'Thumbs-cheek Photos at 4.3 Peace Park,' and that this cannot be considered a human rights awareness of the Democratic Party of Korea candidate, and that he is not qualified as a candidate."

Grand Korea Leisure (GKL), which operates the foreigner-only casino "Seven Luck," has been closed for two weeks to prevent the spread of the new coronavirus infection (CORONA 19).

GKL held an emergency board meeting on the 23rd and decided to temporarily close its three businesses, Samseong-dong in Seoul, Namdaemun-ro in China, and Lotte Hotel in Bujeon-dong, Busan, from the 24th to 6 a.m. on April 6. It is a decision based on the government's recommendation for "social distancing."

GKL said, "There have been no confirmed cases due to thorough preventive activities such as camera shooting of thermal burns at the entrance and disinfection of quarantine and disinfection at break time, but all workplaces are closed under the perception that the safety of customers and employees and the current time are crucial to preventing the spread of Corona 19."

Based on the daily average of total casino sales in 2019, GKL expects 17.5 billion won in casino sales due to the shutdown. Casinos such as Seven Luck and Paradise have seen their users plunge since last month when the spread of Corona 19 began in earnest in Korea.

More than 90 percent of the users are reported to have decreased in March when Japan and Australia imposed a travel ban on them from entering the country.

The GKL has continued to do well in the midst of the collapse of the entire domestic tourism industry due to the Corona 19 incident in January and February. GKL's March-April earnings, which saw a 48 percent on-year increase in sales to 98.5 billion won in the January-February period, are expected to plunge in the April-March period, when the number of tourists decreased due to

Following the shutdown, the GKL turned 80 percent of the total number of people on site to paid leave, except for the minimum required number.

GKL has more than 1,800 employees, including its headquarters and casino field personnel. Although its suppliers are also responding with paid leave, the burden is expected to gradually increase if the situation is prolonged.

"It is expected to be the worst year since the MERS and THAAD," a sadcasino.com industry source said. "There were some flights at that time, but as the number of tourists has decreased due to a sharp drop in the number of flights, it is hard to predict how bad the March and April performance will be."

Meanwhile, GKL held a shareholders' meeting on the 26th to sign bills such as financial statements, director's pay and audit and remuneration approval.