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Korea's Jeju Faces Casino Future Head On, Ears Wide Open by Muhammad Cohen

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Jeju is a beautiful island where some of the most interesting things in South Korea’s casino business are blossoming. With UNESCO World Natural Heritage sites, dozens of golf courses and one of the world’s busiest air routes linking it to Seoul, Jeju is also home to half of South Korea’s 16 foreigner-only casinos, but those eight establishments have barely scratched the surface of the island’s gaming potential. A conference this week will help clarify whether Jeju’s extraordinary possibilities, including one US$1 billion-plus integrated resort already open and another on track to launch next October, will be realized cooperatively or, instead, casinos will be part of a three – or more – sided tug of war between casino competitors and government where no one wins.

Jeju developed separately from the rest of the country geologically and culturally. A volcanic island 64 kilometers (40 miles) off the Korean peninsula’s southern coast, Jeju flows around Hallasan, Korea’s tallest mountain at 1,950 meters (6,400 feet), believed to have last erupted 5,000 years ago. Volcanic activity left a legacy of dramatic landscapes, and, with separation from the peninsula, unique biospheres. The elliptical island roughly three times the size of Singapore with a population similar to Macau at 650,000, has a distinct dialect and narrative, embodied in its female seafood divers and ubiquitous basalt stone grandfather carvings. Jeju’s climate is milder than the peninsula, creating a verdant haven for hiking and biking, a green getaway for urban dwellers that attracted 15 million visitors last year.

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WILL ONLINE CASINOS AND SPORTSBOOKS PROVE AN ADVERTISING BONANZA FOR PA SPORTS TEAMS? BY BILL GRINSTEAD

Not wanting to leave money on the table, major league execs who previously opposed sports betting are changing their tune, inking partnership deals with nascent sportsbooks and online casinos cropping up across the country.

Online gambling and sportsbook operators have been especially busy in New Jersey, where a flurry of recent iGaming and sports betting deals have provided something of a windfall for a handful of local sports franchises.

As NJ teams rack up extra cash, PA’s seven teams across the four major American team sports are likely looking on and salivating. The Keystone State legalized online casinos, sports betting, and daily fantasy sports just over one year ago, and it appears that the first sportsbooks and online gaming sites are nearly ready to go live.

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Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace By J.R. Duren

Welcome to the first NFL regular season upon which legal bets can be placed in New Jersey and elsewhere.

As of Nov. 3, there are eight retail sportsbooks and eight online sportsbooks available in New Jersey. How’s that for some options?

In this guide, you’ll have the complete rundown of where you can bet, which types of bets you can place and which types of bets you can’t place.

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The 5 Biggest Sports Betting Industry Surprises In The First 6 Months Post-PASPA by Eric Raskin

May 14, 2018, doesn’t have a clever shorthand nickname, a positive equivalent to “Black Friday.” (Though “In-The-Black Monday” kinda works.)

Nickname or not, it’s a landmark day in gambling industry history. It’s the day the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), allowing legalization and regulation of sports betting on a state-by-state basis.

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How 2018 Will Define The Future Of Las Vegas Casinos by David G. Schwartz

There are certain years that, at the end of which, the world moves closer to the future than the past, years that mark major shifts in how we see the world, or a small part of it. It’s possible that Las Vegas is experiencing one of those years now, which has profound implications for how Las Vegas casinos are owned, developed, and operated.

First, some history to put 2018 into context. Some landmark years have been defined by the construction of new resorts: 1941, when Thomas Hull opened the El Rancho Vegas, the first casino resort on what would become the Las Vegas Strip. Hull’s modest motel-casino became the template for the first generation of resorts on the Strip. 1969, when Kirk Kerkorian opened the International, the first resort to open with more than 1,000 rooms and whose integrated design and tri-form tower became the next template for resort design.

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Pay Attention, America; UK Raises Gambling Taxes to 21 Percent by Joss Wood

The UK is raising its point-of-consumption (POC) gambling tax from 15 percent to 21 percent. The news came in the form of a recent adjustment to the annual UK Government budget.

Here’s an excerpt from the overview:

“A behavioural adjustment has been made to take into account changes in spending on remote gaming in response to this policy, and to account for changes in operator behaviour.”

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POKERSTARS LAUNCHES REVAMPED REWARDS PROGRAM FOR NJ ONLINE POKER BY STEVE RUDDOCK

Following successful rollouts in global and European markets, PokerStars is bringing its Stars Rewards program to the Jersey Shore.

Stars Rewards is replacing the more traditional volume-based, online poker and casino rewards program that was in place at PokerStars NJ.

How it will be received in a small, competitive market like New Jersey will be an interesting storyline to follow.

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DraftKings’ First Land-Based Sportsbook Is Coming This Week To Mississippi by Dustin Gouker

DraftKings Sportsbook is officially getting into the land-based sports betting business, via a casino in Mississippi.

After being the first operator to launch online sports betting in New Jersey in August, DraftKings Sportsbook is making its first foray into operating a retail sportsbook this Friday.

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DraftKings Sportsbook Pools Splash Into NJ Online Sports Betting by Marco Cerino

DraftKings has added a new way for players in New Jersey to bet on sports. The site added Sportsbook Pools to its mobile sportsbook last week, the latest innovation from arguably the top site in NJ sports betting.

“Millions of Americans have been playing in sports pools for years with their friends and coworkers, and now one of the most popular ways that fans can get ‘skin in the game’ is live on DraftKings Sportsbook,” said Matt Kalish, chief revenue officer and co-founder of DraftKings, in a release.

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BORGATA SQUEEZING PHIL IVEY FOR SMALLER STAKES IN THEIR $10M COURT BATTLE BY JOHN BRENNAN

Superstar poker player Phil Ivey likes to take huge chances for massive amounts of money. Poker fans know well his willingness to put millions of dollars into a pot. And he isn’t shy about playing mini-baccarat for stunning limits, as he famously (or infamously) did very profitably in 2011 and 2012 at casinos in Atlantic City and London, with the help of an advantage play known as “edge sorting.”

So last week’s filing by Borgata to the U.S. Third Circuit Court of Appeals for a mere $250,000 constitutes a “low-stakes game” in Ivey’s world.

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