Although the domestic 우리카지노 industry was hit hard by a sharp drop in Chinese VIP customers in the aftermath of THAAD, Korean Chinese tourists recovered to the pre-THAAD crisis in the first half of 19 years in the thawing mode between South Korea and China. Domestic casino sales are also on the recovery track (Tourism Information Knowledge System).

Recently, due to the anti-government protests in Hong Kong, geopolitical risks in neighboring Macau have been highlighted, spreading the demand for Chinese VIPs to domestic casinos, and the demand is expected to be strong.

 

As of June 17 (local time), more than 30 casinos in the U.S. either followed government orders or closed voluntarily.

The Associated Press reported, "(In the U.S.) after the massive meeting was suspended due to the new coronavirus infection (CORONA 19), gamblers were unable to go to offline casinos to enjoy slot machines, cards and roulette."

Double U Games, a social casino game company, is emerging as a beneficiary of Corona 19. "More than 80 percent of the sales of social casino games serviced by Double U Games occur in North America," Shinhan Financial Investment said.

"The spread of the Corona 19 incident could have a positive impact on sales along with increased game usage time."

According to the mobile app analysis site Gevolution on the 1st, Double U Games (54,700 won ▼ 800 -1.44%)'s "Double U-Casino" sales ranking rose from 50th on the 26th of last month to 45th on the 31st of last month.

Double U Games was released for iOS in 2013 and has since been introduced to Facebook, Android, and Kindle Fire. You can enjoy slot machines, blackjacks and baccarat online.

DoubleDown Interactive's "DoubleDown Casino," a subsidiary of Double U Games, saw its sales ranking of Apple's App Store rise from 37th on the 17th of last month to 22nd on the 30th of last month. DDI was acquired by Double U Games in 2016.

DDI's payments in the first quarter of this year are expected to hit the highest level since the takeover.

Double U Games achieved 513.8 billion won in sales and 154.6 billion won in operating profit last year. Compared with 2018, sales rose 6.4 percent, while operating profit rose 13.9 percent. Social casino games serviced by Double U Games and DDI are considered to have strong stable performance due to their high customer loyalty.

The Associated Press said, "Online gambling businesses are experiencing a sharp increase in sales and subscribers (after the Corona 19 outbreak)."

Companies with casino licenses have the right to operate casinos in Korea. However, as casinos exclusively for Koreans and foreigners are divided, each focuses on different areas.

 

Casino companies' performance is determined by drop amount and hold rate. Drop fluid is the total amount of chips that visitors need to play at a casino. Hold rate means the percentage of the amount obtained by the casino winning the game.

 

Increasing the number of visitors increases the amount of drop, and higher winning rates increase the holding rate of casinos, which improves profitability.

Comp cost is also one of the factors behind the change in performance, which is convenience services such as accommodation, food and beverages offered by casino operators to customers at free or discounted prices. Higher comb costs adversely affect profitability.

As sadcasino.com competition in the Asian region is getting fiercer, the trend is to operate or develop complex resorts that combine entertainment facilities.