South Korea’s Chosun Ilbo newspaper reports that four Chinese tourists staged a protest at Jeju airport in May after a casino on the island refused to pay them baccarat winnings of KRW1.1 billion (US$1.09 million) because of suspicions that they cheated.
The four were said to have been customers at a casino hotel in the tourist resort of Seogwipo (pictured) said the newspaper, quoting local police. The visitors reportedly racked up the ‘winnings’ in little more than two hours of play at the baccarat tables.
But management at the casino – a venue not named by the police – suspected the Chinese tourists had colluded with casino staff, possibly by asking a dealer to use sleight of hand to swap cards coming out of the card shoe with ones hidden on the dealer’s person.
The incident – which allegedly occurred in May but has only just been reported – is now the subject of litigation between the players and the casino, said the newspaper.
Chinese tourists are important to South Korea’s casino industry. Paradise Group Ltd, one of the country’s biggest casino operators, with venues in Seoul, Incheon, Busan and Jeju, said in its first quarter earnings statement that its casino drop had increased by 30.1 percent year-on-year, largely thanks to the contribution of Chinese high-roller players.
Genting Singapore Ltd plans to break ground on a US$2-billion casino resort on Jeju Island in the third quarter, the firm said in late June.
Oct 20, 2020Gradual improvement in Macau’s gross gaming revenue (GGR) levels should serve as a “tailwind” to drive up pricing of Macau gaming stocks, says Deutsche Bank Securities Inc. “We...
Oct 20, 2020
”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China