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Moneyed gamblers are welcome, but South Korea’s casinos say they do not rely exclusively on functioning with junket operators on margin-sapping promotions to try to attract VIPs. Applying the gaming industry’s average price-to-earnings ratio of 30, DoubleDown could be valued at around two trillion won, greater than its projection of 1.two trillion won last year. That compares to the 950 billion won bill paid by DoubleU Games Co., listed on South Korea’s Kospi, to take over the casino gaming organization in 2017.

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Clearly, the MERS outbreak had severe adverse impacts on casino visitors. The coefficient for the Incheon Asian Games is .29 for Taiwan, suggesting the event’s constructive economic influence. The effect from key holiday events is regarded as seasonality and should really be removed by a seasonal-adjustment method. This is constant with the conclusion that most major vacation events have nonsignificant coefficient estimates. Lunar New Year for Mainland China is an exception it has a constructive substantial estimate of .08. A single probable explanation is that the event follows lunar-calendar practice and therefore falls interchangeably amongst January and February.

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