While many Asian countries, including Macau and Singapore, are engaged in fierce competition to foster the casino industry through the development of complex resorts, Jeju is also drawing keen attention as the system is being overhauled to foster casinos as an industry.

In addition to 바카라사이트 -related experts, the Jeju Special Self-Governing Council's standing committee also agrees to foster complex resorts including large casinos, a global tourism trend, on the condition that permits and management conditions are strengthened.

The Jeju Provincial Council's Culture, Tourism and Sports Committee (Chairman Lee Kyung-yong, Independent, Seohong, and Daeryun-dong) held the first meeting of the 378th regular meeting on the 22nd and revised the Jeju Provincial Government's revised ordinance on the management and supervision of the casino business (hereinafter referred to as the revision of the casino management ordinance).

The revised ordinance has created a clause requiring the casino industry to conduct an impact assessment before applying for permission if there is an application for permission or change following the establishment, relocation or expansion of the casino business.

Subject to the impact assessment are those who want to obtain new permits for the casino business, changes in the location of the sales office, and those who exceed twice the existing area by combining the size of the increase and the existing size.

Casino operators subject to impact assessment must prepare a casino industry impact assessment and submit it to the governor of Jeju Island by 60 days before applying for permission or change permit.

If the ordinance passes the plenary session on December 16, it is expected to be applied to Dream Tower casinos for the first time.

Earlier last month, the Moon Kwang-wi rejected the revision of the Casino Management Ordinance, which was initiated by Representative Lee Sang-bong (Democratic Party of Korea, Nohyeong-dong, Jeju-si), to block the relocation and formation of existing casinos in Jeju.

In addition, the committee will hold its fourth meeting on the 27th and adopt a government resolution calling for the introduction of a casino business renewal permit system.

The casino business renewal permit system is a system that determines whether to re-authorize the casino business at each renewal point in order to solve problems with permanent licenses, which is currently included in the Jeju Special Act's seven-step system improvement plan.

Meanwhile, the "2019 Jeju International Casino Policy Forum" on the 12th of this month also raised the need to improve its image by introducing complex resort contents to secure competitiveness in the casino industry in Jeju.

The casino industry in Jeju has been mired in a slump due to a severe recession.

The THAAD crisis from China has been prolonged, and unfavorable factors such as the Korea-Japan economic war have not disappeared, further dimming the prospects for the future.

According to the Korea Casino Business Tourism Association on the 27th, sales of eight foreigner-only casinos in Jeju in the first half of this year amounted to 92.2 billion won, a sharp drop of 345 billion won from 437.2 billion

Landing Casino (area 5581 square meters) in Shinhwa Historical Park, the largest in the province, posted 369.4 billion won in sales in the first half of last year, but only 24 billion won was less than one-tenth this year.

Asian countries are creating complex resorts that combine casinos, hotels, shopping centers, convention centers, and concert halls, but seven casinos in the province, except for Landing Casino, are operating on lease some areas of the hotel.

It has been leading to a drop in sales as its business operations are small and its ability to attract customers is also falling.

In fact, a casino in Seogwipo, which has 115 employees, posted an operating loss of 27 million won for the month of June. Its first-half sales stood at 2.5 billion won.

On the other hand, Farada in Yeongjongdo, IncheonIsCity posted 161.7 billion won in sales in the first half of this year, compared with total sales of 92.2 billion won at eight casinos in the province.

Although Paradise City's sales area (8,726 square meters) is the largest in Korea, it is analyzed that the combined resort effect is the reason why it achieved sales growth in just two years after its opening.

Paradise City has a variety of tourism and entertainment facilities, including hotels and casinos, conventions, spas, theme parks, shopping malls, exhibition halls and clubs, on the 330,000m2 site.

Over the two-year period, the cumulative number of visitors reached 2.5 million, leading to increased sales as overseas VIPs visited the country.

An official from Jeju Island said, "The casino industry linked to the complex resort is one of the pillars of the tourism industry, but some provincial residents do not seem to be aware of it properly," and added, "Although internal and external promotion of the Jeju casino industry is important, self-rescue efforts are also needed."

Meanwhile, the tourism promotion fund, which pays 10 percent of the average casino sales, has fallen to less than 20 billion won this year from 47.1 billion won last year, also affecting the growth of the Jeju tourism industry.

Sales of casinos in eight sadcasino.com in the province remained at 176 billion won in 2016 and 178.8 billion won in 2017, but enjoyed a sparkling special offer of 511.1 billion won in 2018 when Landing Casino opened in February last year. But this year, sales are going downhill with half-cuts.

According to Reuters on the 1st, Macau reported that its casino sales fell 79.7% year-on-year to only $664 million in March.

Experts had earlier forecast that Macau's 바카라사이트 sales would fall 80 to 82 percent in March from a year earlier due to the Wuhan Corona crisis.

Macau shut down its entire casino for two weeks in February when Wuhan Corona was rapidly spreading. It has resumed casino operations since last month, but recorded poor performances as visits by mainland Chinese residents, who account for 90 percent of all customers, have been greatly reduced.

The Chinese government is still limiting the movement of mainland residents for fear of the spread of Wuhan Corona. Experts predict that because of this, casino sales in Macau are likely to remain sluggish.

Macau authorities have recently been on a history of overseas travel, with foreign and non-residents restricted from visiting the country for fear of the spread of Wuhan Corona.

It has also additionally banned mainland Koreans, Hong Kong people and Taiwanese from entering the country. For this reason, casino sales are unlikely to recover if the Wuhan Corona situation does not subside.

In fact, amid the drop in sales, several casino companies, including MGM, Sands and Galaxy Entertainment, are reportedly spending $1.5 million to $4 million daily at fixed costs, which has reportedly led to deepening business difficulties recently.

If Kangwon Land resumes its casino operations due to the easing of the spread of Corona 19, its earnings were also expected to rebound.

Lee Hwa-jung, a researcher at NH Investment & Securities, said on the 14th, "Gangwon Land will have strong demand for casinos that had been suppressed if the spread of Corona 19 in Korea is eased in the short term," adding, "It has the potential to increase stock prices due to its medium- and long-term dividend appeal and the possibility of easing of business regulations."

Kangwon Land shares have continued to fall since the suspension of casino operations on Feb. 23.

In this regard, the researcher analyzed that uncertainties stemming from the suspension of operations have already been reflected in existing stock prices.

Researcher Lee said, "Gangwon Land has high customer loyalty due to the nature of the industry and cannot be replaced because it is a domestic casino exclusive business," and added, "The possibility of customers leaking overseas has significantly decreased due to restrictions on movement between countries under Corona 19."

Kangwon Land's active dividend policy in line with its shareholder-friendly stance was also cited as a factor that would have a positive mid- to long-term impact on stock prices.

Researcher Lee said, "Gangwon Land's standard for calculating dividends is its average net profit over the past five years," adding, "Although we expect its net profit to be reduced by 30 percent in 2020, the average weekly dividend (DPS) decrease in the same period is only about 10 percent, which also makes the dividend yield attractive."

The researcher predicted the possibility of a rise in Kangwon Land stock prices as the calculation standard of the gross sales system could be eased or business regulations such as the upper limit on betting, the number of tables and business hours could be eased in the mid- to long-term.

The total sales system refers to a system that regulates companies in gambling industries, such as casinos, to make sales of a certain amount or more during the year.

However, since the casino business was suspended from February 23, Kangwon Land only had fixed costs without sales as much as 42% of the total business days in the first quarter.

Assuming casino operations resume on April 20, it is expected to be hard to avoid a blow to its performance in the wake of the suspension of operations in the second quarter.

In the first quarter, the baandca.com was estimated to have posted 210.6 billion won in sales and 40.6 billion won in operating profit on a consolidated basis. Its sales and operating profit are down 44 percent and 68 percent from the same period in 2019.

카지노사이트 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 Song Jae-ho's 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 casino 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, baandca.com held a shareholders' meeting on the 26th to sign bills such as financial statements, director's pay and audit and remuneration approval.

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 카지노사이트 field personnel. Although its suppliers are also responding with paid leave, the burden is expected to gradually increase if the situation is prolonged.

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 Song Jae-ho's 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 sadcasino.com. 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.

"It is expected to be the worst year since the MERS and THAAD," a casino 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.

According to Reuters on the 1st, Macau reported that its 바카라사이트 sales fell 79.7% year-on-year to only $664 million in March.

Experts had earlier forecast that Macau's casino sales would fall 80 to 82 percent in March from a year earlier due to the Wuhan Corona crisis.

Macau shut down its entire casino for two weeks in February when Wuhan Corona was rapidly spreading. It has resumed casino operations since last month, but recorded poor performances as visits by mainland Chinese residents, who account for 90 percent of all customers, have been greatly reduced.

The Chinese government is still limiting the movement of mainland residents for fear of the spread of Wuhan Corona. Experts predict that because of this, casino sales in Macau are likely to remain sluggish.

Macau authorities have recently been on a history of overseas travel, with foreign and non-residents restricted from visiting the country for fear of the spread of Wuhan Corona.

It has also additionally banned mainland Koreans, Hong Kong people and Taiwanese from entering the country. For this reason, casino sales are unlikely to recover if the Wuhan Corona situation does not subside.

In fact, amid the drop in sales, several casino companies, including MGM, Sands and Galaxy Entertainment, are reportedly spending $1.5 million to $4 million daily at fixed costs, which has reportedly led to deepening business difficulties recently.

If Kangwon Land resumes its casino operations due to the easing of the spread of Corona 19, its earnings were also expected to rebound.

Lee Hwa-jung, a researcher at NH Investment & Securities, said on the 14th, "Gangwon Land will have strong demand for casinos that had been suppressed if the spread of Corona 19 in Korea is eased in the short term," adding, "It has the potential to increase stock prices due to its medium- and long-term dividend appeal and the possibility of easing of business regulations."

Kangwon Land shares have continued to fall since the suspension of casino operations on Feb. 23.

In this regard, the researcher analyzed that uncertainties stemming from the suspension of operations have already been reflected in existing stock prices.

Researcher Lee said, "Gangwon Land has high customer loyalty due to the nature of the industry and cannot be replaced because it is a domestic casino exclusive business," and added, "The possibility of customers leaking overseas has significantly decreased due to restrictions on movement between countries under Corona 19."

Kangwon Land's active dividend policy in line with its shareholder-friendly stance was also cited as a factor that would have a positive mid- to long-term impact on stock prices.

Researcher Lee said, "Gangwon Land's standard for calculating dividends is its average net profit over the past five years," adding, "Although we expect its net profit to be reduced by 30 percent in 2020, the average weekly dividend (DPS) decrease in the same period is only about 10 percent, which also makes the dividend yield attractive."

The researcher predicted the possibility of a rise in Kangwon Land stock prices as the calculation standard of the gross sales system could be eased or business regulations such as the upper limit on betting, the number of tables and business hours could be eased in the mid- to long-term.

The total sales system refers to a system that regulates companies in gambling industries, such as casinos, to make sales of a certain amount or more during the year.

However, since the casino business was suspended from February 23, Kangwon Land only had fixed costs without sales as much as 42% of the total business days in the first quarter.

Assuming baandca.com operations resume on April 20, it is expected to be hard to avoid a blow to its performance in the wake of the suspension of operations in the second quarter.

In the first quarter, the company was estimated to have posted 210.6 billion won in sales and 40.6 billion won in operating profit on a consolidated basis. Its sales and operating profit are down 44 percent and 68 percent from the same period in 2019.