国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Casino grows as Chinese find paradise

(Agencies) Updated: 2015-02-11 07:44

Casino grows as Chinese find paradise

A dealer displays cards on a gaming table at Paradise Casino in Incheon, South Korea. Paradise Co is increasing gambling space to cater for a boom in Chinese visitors. [Photo/Agencies]

Tough crackdown on Macao gambling has some gamblers making a search for new alternatives

Paradise Co, South Korea's largest operator of casinos for foreigners, is increasing gambling space to cater for a boom in Chinese visitors, even as China cracks down on overseas casinos marketing to its citizens.

Paradise will expand floor space at three of its five foreigner-only casinos including doubling the size of gaming areas at its casino on Jeju Island, as Chinese gamblers who comprise more than two-thirds of its visitors pack its halls, Vice-Chairman Lee Hyuk-byung said in an interview.

China announced on Feb 6 it would stop foreign casinos from luring its citizens to gamble overseas including through offices set up in the country, the latest in a slew of policies linked to an anti-corruption campaign that has hit gambling revenues in Macao. Seoul-based Paradise does not market directly to gamblers in China as that is illegal, and it mainly relies on word of mouth, Lee said on Feb 5, prior to China's announcement.

There is not enough information about the latest policy and Paradise has not seen any impact on its operations, said Shim Hye-jeong, an investor relations official at the company after China's announcement.

Chinese wooed

Casino operators such as Australia's Echo Entertainment Group Ltd and Nagacorp Ltd are trying to woo Chinese gamblers as the anti-graft campaign and stricter visa rules to Macao drove bettors to seek out alternative gaming markets. There has been a surge in the number of visitors from China to South Korea over the past two years, Lee said.

"If you visit our casinos, it isn't full on the weekdays, but on the weekends from Friday afternoon to Sundays, it's fully packed," Lee said. "This means we cannot provide all the gaming needs of our visitors. By expanding, we can."

Paradise shares broke its three-day losing streak to rebound from Monday's 17-month low, rising 2.3 percent to 22,300 won ($20.5) at the close of trading in South Korea on Tuesday. Rival Grand Korea Leisure Co closed up 0.8 percent, while the benchmark Kospi index fell 0.6 percent.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
延庆县| 武宁县| 罗源县| 温州市| 阿巴嘎旗| 房产| 合作市| 会东县| 宁阳县| 张家口市| 泾源县| 揭西县| 仙游县| 黄大仙区| 阳西县| 锦州市| 康马县| 广丰县| 安塞县| 定远县| 长顺县| 旌德县| 瑞丽市| 枞阳县| 和硕县| 永修县| 泸水县| 怀仁县| 舞钢市| 革吉县| 南皮县| 宿州市| 西昌市| 房山区| 宁德市| 乐至县| 通道| 松阳县| 周口市| 龙里县| 凉山|