Due to the closure to prevent the spread of Corona 19, sales of major Korean 카지노사이트 operators, including Kangwon Land and other foreign-only casino businesses such as Grand Korea Leisure and Paradise, are expected to fall sharply in the first half of this year.

According to the casino industry on the 27th, Kangwon Land has been shut down from business and GKL and Parada.E-S decided to close its business until April 6, which is estimated to result in a drop in sales and losses of tens of billions of won.

GKL, which operates three foreigner-only casinos in Seoul and Busan, estimated its sales loss to reach 17.5 billion won on-year due to the two-week shutdown.

In January and February, GKL posted 48.9 billion won in earnings, up 48 percent from a year earlier.

However, the casinos, a foreigner-only facility, believe they will struggle for the time being, with players' visits falling by more than 90 percent, even if they continue to operate afterwards.

GKL currently has some 1,800 employees, including management staff at its headquarters and casino operations, of which 80 percent are reportedly on paid leave.

Meanwhile, Kangwon Land, which closed on Feb. 23 and is scheduled to reopen on April 6 due to additional business suspensions, expects sales losses from its long-term shutdown to exceed 100 billion won.

The decline in sales of casino businesses has also caused the neighboring communities to suffer.

In particular, Gangwon Land, the country's only domestic and foreign casino based in Gangwon Province, faces a tougher situation as many local businesses rely on tourists visiting Kangwon Land.

Stock markets still have a positive outlook for the casino industry. This is because even if the economic recession caused by Corona 19 continues for the time being, casino VIP sales can quickly recover if the restriction on movement is lifted.

Lee Hyo-jin, a researcher at Meritz Securities, said, "Foreign casinos recorded good results in February when Korea's Corona 19 spread was the fastest," and added, "If the pace of recovery in performance determines a further rise in stock prices, casinos will be the fastest among entertainment and leisure industries."

Some analysts say that South Korean casino companies will enjoy reflective profits as the spread of Corona 19 has slowed down in Korea, while other Asian countries are still spreading.

According to Hana Financial Investment, the casino market in five Asian countries -- South Korea, Macau, the Philippines, Singapore and Cambodia -- is worth 58 trillion won a year, of which only 1.6 trillion won is in South Korea.

However, Macau, Asia's largest casino market, has been restricting foreign entry since last month to prevent the inflow of Corona 19 offshore, and this month it has also suspended the operation of the Gangjiao Bridge linking Hong Kong and Macau.

The Philippines, the second largest in cassbet.com, had 5,223 confirmed cases and 335 deaths as of Wednesday. It has banned all foreigners from entering the country since April 22.

Lee Ki-hoon, a researcher at Hana Financial Investment, said, "If an issue that Chinese VIPs can only come to Korea for a short period of time, something ridiculous can happen," adding, "In the case of Paradise, it is 1.1 times the share-based asset ratio (PBR)."

Since 플러스카지노 pays 25 percent of its net profit before corporate tax deduction to Gangwon Province under Article 11 of the Special Act and Article 16 of the Enforcement Decree, the amount of payment will also increase if Kangwon Land's operating profit increases.

However, with Kangwon Land's performance expected to plunge to Corona 19, dark prospects are rising that Gangwon Province will also reduce taxes it will collect from Kangwon Land.

Lee Hyo-jin, a researcher at Meritz Securities Co., predicted that if Kangwon Land closes its casino operations until June, Kangwon Land's operating loss in the second quarter of this year will reach 94.3 billion won. Previously, the researcher expected Kangwon Land to reap 127.8 billion won in operating profit in the second quarter.

Due to the Korona 19 incident, Kangwon Land decided to take an unprecedented long-term leave of absence from Feb. 23 to April 20. It may increase further depending on the situation.

Gangwon Land's estimated sales loss from 57 business days alone amounted to 209.6 billion won.

In particular, local residents and communities, who feel as if they felt a similar situation in advance after the special law due to the prolonged Corona 19 incident, are raising their voices more over the extension of the special law.

In the community, the Corona 19 will put Kangwon Land on lockdown, with retail stores, restaurants, taxis and buses all taking a beating around Kangwon Land.

A local resident wrote on an online community, "It feels like I'm seeing in advance after the end of the special law five years later," adding, "Not only nearby shops but also small taxi drivers are having a hard time."
 
If the special law is not extended, Kangwon Land will lose its exclusive status as the only casino in the country capable of entering Koreans.

Expectations are growing for the market and the local community over the extension of the statute of limitations for Kangwon Land's special law on supporting the development of abandoned mines as candidates for the general elections pledged to extend the special law on supporting the development of abandoned mines.

In particular, the call for the extension of the special law could be bolstered as the closure of Kangwon Land is prolonged due to the Corona 19 and there are growing concerns in the local community that it seems to feel the end of the special law, such as a tax reduction and an economic slump.

13, Gangwon-do, Korea, and donghae, Samcheok-si, Gangwon-do, Jeongseon-gun, Gangwon-do, Taebaek-si, Looking at the candidates for the National Assembly of the pledge to run for most of the extension of the law regardless of party candidates are promising.Are under.

Kim Dong-wan, the candidate of the Democratic Party of Korea, said, "We cannot give up because it is the result of the struggle of the residents of the special law and the seed of hope in the abandoned mining area," and pledged to "extend the special law until 35 and abolish the law deadline as a long-term task."

Lee Chul-kyu, a candidate of the Future Integration Party, also said, "We will extend the validity period of the special law by 10 years to support stable development of abandoned mining areas,"

and added, "We need to create an environment where Kangwon Land can exist permanently so that the next generation can design the future of Jeongseon at ease."

Candidates for local lawmakers are all pledging to extend the special law because Kangwon Land is not only a key source of tax revenue in the community but also a pivotal role in the local economy.

According to IR data released by cassbet.com on its website, Kangwon Land paid 145.5 billion won as a fund for the development of abandoned mines for all of 2019.

Compared with Kangwon Land's payment of 124.8 billion won in 2018, the figure rose 16.5 percent. This is due to increased sales and operating profit of Kangwon Land.

Macau's government, which has grown concerned about the economic 우리카지노, has expanded its funding to help boost the economy.

It plans to expand the 2.2 billion pataka previously offered to 7.1 billion pataka, 10,000 pataka per person for all permanent residents of Macau from April 1 to June 19, and 6,000 pataka for non-residents.

In addition, the government has extended the period of electricity and water tax cuts. In the case of the water tax, it will be exempted until June, and for the two months of July and August, the water tax will be discounted by more than half within the 3,000-pattaca limit every month. Likewise, electricity taxes will be offered discounts within 10,000 patacas every month.

Meanwhile, as the virus recently re-inflated through travelers returning home as the Corona 19 spread uncontrollably in Europe and the Middle East, Macau locked its latch tightly to prevent the spread.

Not only mainland Chinese people who have traveled abroad within 14 days, but also Hong Kong and Taiwan citizens have been banned from entering the city since Saturday.

As of midnight on the 1st, the cumulative number of patients with Corona 19 in China was 81,554, up 36 from the previous day. In Macau, the number has so far increased to 41.

Expectations are growing for the market and the local community over the extension of the statute of limitations for Kangwon Land's special law on supporting the development of abandoned mines as candidates for the general elections pledged to extend the special law on supporting the development of abandoned mines.

In particular, the call for the extension of the special law could be bolstered as the closure of Kangwon Land is prolonged due to the Corona 19 and there are growing concerns in the local community that it seems to feel the end of the special law, such as a tax reduction and an economic slump.

13, Gangwon-do, Korea, and donghae, Samcheok-si, Gangwon-do, Jeongseon-gun, Gangwon-do, Taebaek-si, Looking at the candidates for the National Assembly of the pledge to run for most of the extension of the law regardless of party candidates are promising.Are under.

Kim Dong-wan, the candidate of the Democratic Party of Korea, said, "We cannot give up because it is the result of the struggle of the residents of the special law and the seed of hope in the abandoned mining area," and pledged to "extend the special law until 35 and abolish the law deadline as a long-term task."

Lee Chul-kyu, a candidate of the Future Integration Party, also said, "We will extend the validity period of the special law by 10 years to support stable development of abandoned mining areas," and added, "We need to create an environment where Kangwon Land can exist permanently so that the next generation can design the future of Jeongseon at ease."

Candidates for local lawmakers are all pledging to extend the special law because Kangwon Land is not only a key source of tax revenue in the community but also a pivotal role in the local economy.

According to IR data released by Kangwon Land on its website, Kangwon Land paid 145.5 billion won as a fund for the development of abandoned mines for all of 2019.

Compared with Kangwon Land's payment of 124.8 billion won in 2018, the figure rose 16.5 percent. This is due to increased sales and operating profit of Kangwon Land.

Since Kangwon Land pays 25 percent of its net profit before corporate tax deduction to Gangwon Province under Article 11 of the Special Act and Article 16 of the Enforcement Decree, the amount of payment will also increase if Kangwon Land's operating profit increases.

However, with Kangwon Land's performance expected to plunge to Corona 19, dark prospects are rising that Gangwon Province will also reduce taxes it will collect from Kangwon Land.

Lee Hyo-jin, a researcher at Meritz Securities Co., predicted that if cassbet.com closes its casino operations until June, Kangwon Land's operating loss in the second quarter of this year will reach 94.3 billion won. Previously, the researcher expected Kangwon Land to reap 127.8 billion won in operating profit in the second quarter.

With the 샌즈카지노 relocation to Jeju Dream Tower Complex Resort, which is scheduled to be completed in March next year, it is expected to be the first case of application of the casino industry impact assessment system introduced by Jeju Special Self-Governing Province.

In particular, Lotte Tourism Development, which acquired "paradise Jeju Lotte Casino" last year, aims to open its Dream Tower casino sales site in April, and Jeju Island is also planning to operate an impact assessment system from early next year, drawing keen attention from the provincial residents' community.

According to the Jeju provincial government on the 30th, the Jeju Provincial Council passed the "partial revision ordinance on casino management and supervision" at the second regular meeting of the 378th Jeju Provincial Council in the middle of this month, which includes conducting an impact assessment on the casino industry when the casino industry is newly established, relocated and expanded.

With the passage of the revised ordinance, Jeju Island will promulgate the "partial revision rule of the Jeju-do Ordinance on Casino Management and Supervision" on the 31st, which includes regulations on the assessment items of the casino industry's impact assessment, and begin to take effect in earnest.

The categories of impact assessment are largely divided into three categories: Area of impact on the local community Area of contribution to the local community and Area of collecting opinions from residents of the province.

The key is expected to be community impact areas. Items such as the impact of the local economy, which includes the amount of money to be paid, job creation, the impact of the tourism industry, which includes the goal of attracting foreign tourists, residential rights and learning rights that include plans to reduce the negative impact on the residential and educational environment around business sites, social and cultural impacts that include prevention and reduction of gambling addiction and casino-related crimes, and environmental pollution prevention and management plans.

Community contributions are items such as how to contribute to the surrounding areas and how to contribute to Jeju Island, and collecting opinions from residents of the surrounding areas of casinos includes the results of surveys of residents and residents of the surrounding areas.

In addition, Jeju Island will set up a manpower pool (50 people) for the operation of the Impact Assessment Review Committee in January after the announcement of the enforcement rules. When an impact assessment is submitted from the operator, about 15 of the pool of manpower will form a deliberation committee to deliberate and notify the provincial governor of the results within 45 days.

Lotte Tourism Development aims to complete the construction of the Dream Tower in March and open its casino business in April, but the casino opening is expected to take at least two to three months more than the goal as it will have to undergo administrative procedures such as approval of five-star hotels and assessment of casino impact even after completion.

"After the completion of Dream Tower in March, we will have a casino business and apply for relocation to Jeju Island," a Lotte Tourism Development official said. "We are currently in the process of hiring experienced employees, and we are planning to hire major and new employees from early next year."

Construction of the Caesar Korea Complex Resort, which drew attention as the first foreigner-only casino in Korea, has been suspended due to the issue of subcontracting reserve funds. Incheon Free Economic Zone Authority said Wednesday that construction work on the Caesar Korea complex resort has stopped.

The Caesar Korea Complex Resort, which began construction in September 2017, currently has a process rate of 24.55% with 24 floors of the 27-story frame construction.

The reason for the suspension of the construction was suspended after the builder, Tianli Korea Construction, delayed the ready-to-pay payment to its subcontractor, Ssangyong Engineering & Construction Co., by two months. Ssangyong E&C suspended construction work from Wednesday on five placards that once heralded the right to bid.

As the owner of the U.S. Caesars recently changed, he reportedly inspected ongoing projects in foreign countries and even mentioned the withdrawal of the Korean sadcasino.com in the process. The project calls for creating a luxury hotel (707 rooms), a casino for foreigners, convention facilities, entertainment facilities and sales facilities in the 7 Midan City in Unbok-dong, Jung-gu, Incheon. It was scheduled to be completed in the second half of 2021, but the opening of the building is expected to be disrupted.

 

Construction and Ssangyong Engineering & Construction held an emergency meeting in Seoul on Wednesday to seek a compromise, said an official at the Incheon Economic Office.

"After the completion of Dream Tower in March, we will have a 메이저놀이터 business and apply for relocation to Jeju Island," a Lotte Tourism Development official said.

"We are currently in the process of hiring experienced employees, and we are planning to hire major and new employees from early next year."

Construction of the Caesar Korea Complex Resort, which drew attention as the first foreigner-only casino in Korea, has been suspended due to the issue of subcontracting reserve funds.

Incheon Free Economic Zone Authority said Wednesday that construction work on the Caesar Korea complex resort has stopped.

The Caesar Korea Complex Resort, which began construction in September 2017, currently has a process rate of 24.55% with 24 floors of the 27-story frame construction.

The reason for the suspension of the construction was suspended after the builder, Tianli Korea Construction, delayed the ready-to-pay payment to its subcontractor, Ssangyong Engineering & Construction Co., by two months. Ssangyong E&C suspended construction work from Wednesday on five placards that once heralded the right to bid.

As the owner of the U.S. Caesars recently changed, he reportedly inspected ongoing projects in foreign countries and even mentioned the withdrawal of the Korean business in the process.

The project calls for creating a luxury hotel (707 rooms), a casino for foreigners, convention facilities, entertainment facilities and sales facilities in the 7 Midan City in Unbok-dong, Jung-gu, Incheon. It was scheduled to be completed in the second half of 2021, but the opening of the building is expected to be disrupted.

Construction and Ssangyong Engineering & Construction held an emergency meeting in Seoul on Wednesday to seek a compromise, said an official at the Incheon Economic Office.

With the casino relocation to Jeju Dream Tower Complex Resort, which is scheduled to be completed in March next year, it is expected to be the first case of application of the casino industry impact assessment system introduced by Jeju Special Self-Governing Province.

In particular, Lotte Tourism Development, which acquired "paradise Jeju Lotte Casino" last year, aims to open its Dream Tower casino sales site in April, and Jeju Island is also planning to operate an impact assessment system from early next year, drawing keen attention from the provincial residents' community.

According to the Jeju provincial government on the 30th, the Jeju Provincial Council passed the "partial revision ordinance on casino management and supervision" at the second regular meeting of the 378th Jeju Provincial Council in the middle of this month, which includes conducting an impact assessment on the casino industry when the casino industry is newly established, relocated and expanded.

With the passage of the revised ordinance, Jeju Island will promulgate the "partial revision rule of the Jeju-do Ordinance on Casino Management and Supervision" on the 31st, which includes regulations on the assessment items of the casino industry's impact assessment, and begin to take effect in earnest.

The categories of impact assessment are largely divided into three categories: Area of impact on the local community Area of contribution to the local community and Area of collecting opinions from residents of the province.

The key is expected to be community impact areas. Items such as the impact of the local economy, which includes the amount of money to be paid, job creation, the impact of the tourism industry, which includes the goal of attracting foreign tourists, residential rights and learning rights that include plans to reduce the negative impact on the residential and educational environment around business sites, social and cultural impacts that include prevention and reduction of gambling addiction and casino-related crimes, and environmental pollution prevention and management plans.

Community contributions are items such as how to contribute to the surrounding areas and how to contribute to Jeju Island, and collecting opinions from residents of the surrounding areas of casinos includes the results of surveys of residents and residents of the surrounding areas.

In addition, Jeju Island will set up a manpower pool (50 people) for the operation of the Impact Assessment Review Committee in January after the announcement of the enforcement rules.

When an impact assessment is submitted from the operator, about 15 of the pool of manpower will form a deliberation committee to deliberate and notify the provincial governor of the results within 45 days.

Lotte Tourism Development aims to complete the construction of the Dream Tower in March and open its notojoa.com in April, but the casino opening is expected to take at least two to three months more than the goal as it will have to undergo administrative procedures such as approval of five-star hotels and assessment of casino impact even after completion.