Posts Tagged ‘Korea casinos’

Korea casino resort opens amid Chinese boycott

April 28, 2017

North Korea’s aggressive missile testing and nuclear ambitions casts a shadow over the opening of US$1.1 billion Paradise City outside Seoul. South Korea’s deployment of the US THAAD missile defense system in response has led to a boycott by Chinese tour groups, the resort’s target market.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Pachinko mogul seeks Japan casino in Korea

April 9, 2017

Sega Sammy Chairman Hajime Satomi is backing South Korea’s first integrated resort, opening this month, in hope of getting a casino license in Japan, which until recently seemed like an impossible dream.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Genting Singapore switches casino bet to Japan from Korea

December 5, 2016

Resort World Sentosa owner Genting Singapore sells its half of a South Korea integrated resort to gamble on Japan casino legalization, which has made unprecedented progress since Genting’s announcement.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Philippine billionaire Razon exits Korea’s Jeju

July 21, 2016

The sale of Jeju Sun by Philippine billionaire Enrique Razon Jr’s Bloomberry Resorts to junket promoter Iao Kun reflects changed expectations for Korea’s gaming market and for Macau.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Casino fever cools in Korea

December 30, 2015

After 34 initial expressions of interest in June, only six bidders stepped up for South Korea’s two gaming license, and just two of these made the required $50 million deposit with their applications. Diminished enthusiasm may change the focus for gaming investment from Incheon, near Seoul, to Jeju Island, off the country’s southern coast.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

South Korea casino scene heats up

April 25, 2015

Incheon, site of South Korea’s gateway international airport, and resort island Jeju are the scenes of an escalating competition for new gaming licenses among foreign billionaires and national champions to cash in on Chinese tourist growth, plus a Philippine wave seeking to lure Korean customers to Manila casinos.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

South Korea casinos bank on Chinese tourists

October 1, 2014

Standard Chartered bank says South Korean casinos are poised to outgrow Macau thanks to Chinese tourists, liberal benefits to players and integrated resorts on the drawing board.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Caesars finally gets its piece of Asia in Korea

July 14, 2014

After more than a decade of disappointment, Caesars Entertainment has gotten an Asian foothold in South Korea. But the Incheon resort is unlikely to be a game changer for the heavily indebted, loss making casino giant.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.


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