Casino Industry: Business Conditions Starting to Normalize

 

As social distancing regulations are eased and travel restrictions are lifted, casino accessibility should be improved, and casino industry conditions should be normalized. In particular, casinos that accommodate both domestic and foreign visitors should enjoy the effect of expanding their operational capabilities (compared to before the pandemic). We maintain a positive outlook for the sector.

The long-awaited re-opening begins

Thanks to the increase in the vaccination rate and the global transition to the COVID-19 pandemic, the benefits of easing social distancing regulations and lifting travel restrictions are expected to be fully reflected in the profits of casino players. As casino access is completely normalized, full-fledged earnings recovery should be confirmed. Accordingly, we maintain a positive outlook for the sector.

The expected recovery of the casino industry is expected to take place in the order of 1) easing social distancing regulations (business normalization) → 2) easing restrictions on movement between countries (increasing demand for high rollers) → 3) expanding inbound traffic (increasing general VIPs and large visitors). The Japanese government is expected to lift restrictions on cross-border movement around July, but for China, normalization is expected to be relatively delayed due to the prolonged zero-corona policy of the Chinese government. As a result, it is expected that profits will recover in the order of casinos that can accommodate both domestic and foreign visitors → casinos for foreigners and integrated resorts (IR) → casinos for non-foreigners. We present Kangwon Land as the best choice in the sector where the benefits of expanding operating capacity (e.g., operating hours and tables) should be visualized with business normalization from 2H22.

Casino for both Koreans and foreigners: Expect a steep profit recovery

U.S. casinos, which normalized their operations last year, are announcing record quarterly results that exceed pre-pandemic levels thanks to the release of pent-up demand. Looking at Korean casinos that satisfy both domestic and foreign customers, business hours increased as social distancing rules were lifted in April. As side betting becomes available from mid-May, operating conditions are expected to be almost normalized. As such, the possibility of release of pent-up demand laid the stage for a rapid recovery of 2H22 earnings at the pandemic level.

Casino for Foreigners: To recover to half the pre-pandemic level

Prior to the COVID-19 crisis, major customers of foreign-only casinos in Korea were Chinese and Japanese visitors (VIP drop amount: mid 30% for Chinese and early 40% for Japanese). As visa-free travel by Japanese is expected to resume around July, the pent-up demand of Japanese VIPs should be lifted from 2H22. However, it is difficult to expect Chinese VIP demand to return to normal before the pandemic this year as China is sticking to its zero-corona policy and junket regulations remain.

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Yablon or Red Dog ( Card Game )

 

Yablon also known as red dog, is a game of chance played with cards, in which two cards are dealt and a player bets on whether the rank of a third card would fall between them. It is a variation of acey-deucey. While found in some land casinos, its popularity has declined, although it is featured at many online casinos.

In the card games literature, there is quite a lot of variation as to which of the names Red Dog, Slippery Sam and Shoot are applied to which version of the game. If you have views as to whether the names on this page are correctly assigned to the variations, or if you are familiar with other versions, please let me know.

Objective of the game

The object of the game is to win bets by having a higher ranking card of the same suit in hand than the top card of the deck on your turn.

How to play Red Dog:

The player left of the dealer is first to bet. A player can bet any amount up to the amount of chips in the pot. A player is betting that a card in his/her hand is of higher rank, and in the same suit, as the top card of the deck.

Once the bet is made, the dealer flips the top card from the deck. The betting player is only required to show one card that can win the bet. If the bet is won, the original bet plus an equal amount is taken out of the pot.

If the bet is lost, the bet made stays in the pot, and the player has to show all the cards in hand. After each player has had a chance to make a bet, the deal moves to the next player to the left. Any remaining pot rolls over to the next round, plus each player makes another ante before the new round of cards are dealt.

Rule of the Game:

When the pot runs out in the middle of a round, each player will make another ante. A player can skip betting and fold by paying one chip to the pot. No cards are shown when a player folds. Players can agree to skip the pre-round ante if the pot being rolled over is large enough.

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Will the online roulette strategy really work?

 

Roulette is one of the most famous games on the gambling scene, whether you are an online casino fan or an offline fan. A big part of the reason roulette has gained so much popularity is that it is simply easy to play like an online slot machine game. And in the case of online slot games, their excitement is usually heightened by exclusive bonus deals such as Ice Casino 50 free spin no deposit promotions.

While the slot relates to arranging matching symbols on the grid, the roulette predicts the combination of numbers and/or colors where the ball will fall after turning the wheel. As for the chances of winning, the results of the slot machine are purely luck-based and so are roulette. Or is it? Some roulette experts argue that unlike slots, there is a strategy that can be used to increase the chances of winning the roulette game. Other veterans even came up with a concrete approach to tilt the scales in the player's favor.

So, what exactly does the online roulette strategy entail? The idea of an online roulette strategy depends on what you want to take control of your subsequent rounds depending on the outcome. But are these strategies really feasible, or are they cards for roulette players? Let's take a look at the various ways of thinking theorized for players in the roulette betting scene.

Martingale's Strategy:

If you're an avid online roulette player, you've already encountered the Martin Gale system. It is a straightforward strategy that even beginners in the game can easily grasp. The idea behind it is to start with the smallest bet. So, every time you lose, Martin Gale's strategy advises you to double your bet. The reason you raise your investment here is because you can successfully recover all the losses you're going to have when you eventually win a bet.

This strategy is used for other games as well as online roulette. It may come to fruition, but ultimately, it is all down to luck and not a powerful strategy touted by many. Also, you may need a lot of money to play the game, so your budget should not be too tight. Otherwise, the funds could run out.

The Paroli Strategy:

Created on the assumption that winning is likely to coincide with another win, the Parole system is as popular with the public in the online roulette world as Martin Gale. In most cases, however, it is the opposite of what Martingale strategy puts forward, as it takes a more positive outlook instead. The Martingale strategy suggests doubling your bets every time you lose, but the Paroli system suggests doubling your bets after each win, starting with a low one.

Once again, when you look at it sharply, you will notice that a large part of its success depends on luck, not on complex scientific manipulators. Well, in any case, it can definitely be solved often, but it can take a lot of money without being sure that you can get your money back.

Andrucci Strategy:

The Andrucci system is another popular roulette betting strategy, which is quite interesting because it involves the most work of the three. The hypothesis here is that in the end, all numbers are covered by balls, but there are cases where balls prefer numbers. Therefore, the Andrucci strategy should start by recording the numbers that appear on the next 30 to 35 spins. Then, once you find a number that stands out, you bet on the next 35 laps, and you'll probably win. This strategy works best in real roulette, not online variants.

As already inferred, this concept is a concept that relies heavily on probability factors, and it will take a lot of patience to benefit from applying this concept. But, nevertheless, whether you succeed here depends on how lucky you are. It is not necessarily due to the accuracy of the strategy.

A final Thought:

We only looked at a few samples of online roulette strategies. There are many strategies that people have come up with over the years, including Rivers Martingale, Fibonacci, D'Alembert , James Bond, and Labouchere. Well, these strategies seem well thought out and sometimes they work, but we can't pinpoint one particular way that's completely effective. Everything goes back to luck. No matter how cliché it sounds, the best way to do it is simply to learn the rules of the game, play games according to them, and test your luck.

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