Friday, August 17, 2018

India Gambling Crackdown Nabs More than 70 Individuals in Mumbai, Thane Dens

CasinoGamesPro.com
India Gambling Crackdown Nabs More than 70 Individuals in Mumbai, Thane Dens

India has been working towards providing its gambling field with control and some level of regulation which has been giving results in the past weeks, especially following the crackdown in progress. The regions of Mumbai, as well as Thane witnessed two raids on gaming dens which led to the arrest of more than 70 people […]

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Thursday, August 16, 2018

Questions, Concerns Continue About Atlantic City Rail Line Shutdown

Questions, Concerns Continue About Atlantic City Rail Line Shutdown
questions

Days after the NJ Transit announcement of a five-month shut down of the Atlantic City Rail Line in September, many are worried about the effect on AC casinos and commuters alike.

The post Questions, Concerns Continue About Atlantic City Rail Line Shutdown appeared first on .

New Jersey Sports Betting Venues Pile Up $57.1M over Two-Month Operation

CasinoGamesPro.com
New Jersey Sports Betting Venues Pile Up $57.1M over Two-Month Operation

New Jersey predicted it and is now reaping the benefits from sports wagering legalization as it is able to provide excellent rates of revenue for the developers exploring the field. Over the span of one month, Meadowlands Racetrack managed to witness a significant revenue generated, bringing a fair share of $75,415 per day of operation. […]

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Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

Casino News Daily
Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

The Jeju Shinhwa World integrated resort located on South Korea’s Jeju Island has raked in KRW369.4 billion (approximately $327.7 million) in revenue since its grand opening in February, local news outlets report. The property features one of the island’s nine casinos as well as a number of non-gambling options.

The reported figure places Jeju Shinhwa World well ahead of its local rivals. According to official data, Jeju Island’s other eight casinos generated the total amount of KRW136.5 billion during the same reviewed period. In addition, the Jeju Shinhwa World resort took in around five times more than South Korea’s biggest casino, Paradise City located in Incheon.

The Jeju Island-based resort was developed and is operated by Hong Kong-based real estate developer Landing International Development. The company commenced construction on what turned out to be a KRW2-trillion mega-scheme in 2014 and began opening the property in phases from April 2017. Aside from a gaming floor, the resort also features a hotel, a convention center, retail space, theme and water parks, a concert hall, and multiple food and beverage facilities.

Jeju Shinhwa World welcomed some 350,000 international visitors since it launched and around 115,000 played at its casinos, the resort has revealed.

Jeju Shinhwa World Shines amid Rivals’ Struggles

The Jeju Island has long been a popular hub for Chinese tourists. However, the island was among the places around South Korea to be hit the hardest last year by the economic cost of China’s unofficial but wide-ranging boycott of South Korean goods.

Among other things, Beijing banned group tours to Korea which saw the number of Mainland China visits to Jeju fall steeply. As a result, the island’s casinos, which relied heavily on Chinese VIP customers, experienced sharp declines in their gaming revenues.

Jeju Shinhwa World, on the other hand, appeared to have adopted a different model that eventually helped it mitigate the consequences of China’s ire. Instead of relying solely on Chinese customers, the resort stepped up its efforts to attract visitors from other countries in the Asia-Pacific region.

Serena Eng, Vice President of Marketing at the casino, said that they assembled teams that had to draw and cater to VIP guests from Japan, Hong Kong, Macau, and Taiwan and hired more staff that spoke Cantonese and Taiwanese Mandarin instead of relying solely on Beijing-style Mandarin-speaking staff members. That helped Jeju Shinhwa World reduce the proportion of its guests from China to just 50%, compared to up to 90% at other resorts across the Asia-Pacific region.

In addition, the resort’s casino paid special attention to VIP marketing as it derived 80% of its revenue namely from high roller players. The gaming floor at Jeju Shinhwa World currently features 165 gaming tables and half of these are dedicated to VIP players. In comparison, other resorts across the Jeju Island use just about 15% of their tables for high roller gaming action.

The post Jeju Shinhwa World Casino Thrives Despite Chinese Boycott appeared first on Casino News Daily.

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