16+ CR GTD
Header banner - Calling Stn
Pokersaint - Lead
N Korea meet Gambling

Casino resort investment part of US – N Korea meet

by GS Admin Posted on 06 Jun, 2018

According to a report by Inside Asian Gaming, North Korean leader Kim Jong-un is set to ask the United States to invest in a new casino resort in the Wonsan Special Tourist Zone when he meets US President Donald Trump next week, according to local media reports in North Korea. Kim is said to be eyeing the possibility of building the casino, described as an “international tourism complex” in order to boost tourism to the country, with the government anticipating it could raise revenue of up to US$50 million annually.

 
An integrated resort is also seen as one possible solution to North Korea’s economic woes, with the export of coal and sending of workers overseas both currently blocked by international sanctions on the nation. Should Trump and the US respond positively to the casino talk, it has been suggested that some South Korean operators could be invited to invest as well – the news sparking an uplift in Korea’s casino stocks on Tuesday with both Paradise Group and Grand Korea Leisure up by around 8%.

However, such speculation has been met with caution by analysts, who point to the two small casinos currently operating in North Korea – one in the capital city of Pyongyang and the other in Rason near the border with China and Russia – as unlikely to be highly profitable. “We’re not even sure if a large-scale casino makes any economic sense in North Korea,” said JP Morgan’s DS Kim in a research note.

Slim gutshot


Tagged : 

Comments

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • 9stacks
    9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT Register

  • PokerSaint
    PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Natural8
    Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $500 or $100 in instant rewards Register

  • Pocket52
    Pocket52

    NA
    Offer: NA Register

  • Poker Tempo
    Poker Tempo

    Free Rs. 700 on Signup - 600 Ticket for 1 Lakh GTD tournament, 50 Instant, 50 Locked
    Offer: "WELCOME700" - First deposit bonus of 150% Register

  • PokerStars India
    PokerStars India

    Deposit Rs.500 and get First Deposit Bonus of Rs.2,500 + 5 tickets to Depositor Freerolls
    Offer: "IMIN2500" Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • BLITZPOKER
    BLITZPOKER

    Sign-up with "GSBLZ"
    Offer: NA Register

BSU box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Pocket52 Ship It Again

Pocket52 Ship It Again