Chapter 1484

Speaking of Asian "gambling king", most people first reflect that they are probably Macao's big guys, and they are familiar with the industry, maybe a Malaysia Wutong. In fact, South Korea also has a gambling king, Tian paradise.

Tian paradise originated in the era of Park Chung Hee. It obtained the first gambling license in South Korea in 1967. After more than 30 years of development, it is now far ahead of the other 8 peers in Jeju Island, a tourist resort in South Korea, directly sharing nearly 80% of the market share of South Korea's gambling industry, which is basically in a monopoly position.

The reason why the Korean gambling king is not famous is, in the final analysis, because of the scale of the Korean gambling industry.

Just in the past 1998, the total revenue of 12 casinos in South Korea was only 180 billion won, equivalent to about 120 million US dollars according to the average exchange rate last year. At the same time, the park group accounted for 140 billion won, about 93 million US dollars. In contrast, as the first gambling city in Asia, Macao's annual gambling industry revenue was mop 13.5 billion, equivalent to US $1.39 billion, more than ten times the volume of South Korea's gambling industry.

In other words, the small business with a national volume of only $120 million is arguably far from enough to let Simon come forward.

The reason for doing this is very simple. Simon looks far away.

And can see very far accurately.

Simon didn't know much about the gambling industry in his previous life, but he probably remembered some figures.

The key is Macao. At present, Macao gambling, which is basically monopolized by Ho family because of the death of the previous generation of Ye gambling king, has a revenue of mop 13.5 billion in the past year, which seems to be more than ten times the national revenue of South Korea. However, this is only the beginning.

In history, after the millennium, the gambling industry in Macao began to explode rapidly. At its peak, the annual revenue exceeded 360 billion patacas, equivalent to about 45 billion US dollars. It soared more than 20 times in just more than a decade, and even left the world-famous gambling city Las Vegas far behind.

At the same time, Las Vegas, with a gambling revenue of only about $6 billion, has less than one seventh of Macao's industry volume and can only be regarded as a little brother.

As for the reasons for the outbreak of the gambling industry in Macao, we all know.

The Chinese have money!

Simon probably remembers that Macao carried out a gambling industry reform after 2000, breaking Ho's monopoly on gambling and inviting public bidding for photos. At that time, Simon can't let go of such a piece of fat.

This is later.

In addition to South Korea, Simon vaguely remembers that about 15 years ago, Chinese real estate developers invested tens of billions of yuan in South Korea, hoping to build casinos locally, and indicated that it was to attract Chinese tourists.

Therefore, we can see the potential of South Korea's gambling industry.

Of course, Simon knows better that in the following years, South Korea's own death led to the trough of China South Korea relations, and he doesn't know the outcome of Chinese investment in Korean casinos hoping to make Chinese money.

It's too far to talk about. At least for the moment, Simon must settle down.

As for the future, Simon can only be sure that stepping on the construction of Casino hotels in South Korea in 2015 is basically equal to the highest takeover. Even if it is completed, there are probably only some leftovers left. Now, the economic crisis in South Korea continues, the rise of China's economy is ready, and many people are in a confused state of not seeing the future. For the Westeros system, it is definitely the best time to copy the bottom.

After the millennium, as Chinese gamblers flock to all directions and the industry prospers rapidly, it is not so easy to enter again.

Moreover, even if China and South Korea still have bad relations in the future, under the early layout, they must have earned back even their principal and interest in more than ten years.

What's more, China and South Korea have a bad relationship. What's the matter with tourists?

It can be as short as three days and as long as three months. Then, those who should run out will still run out. Unless there is an irresistible natural disaster, they will not hurt their muscles and bones.

In fact, to sort it out, westrow system has unconsciously had a considerable layout in the gambling industry, such as the golden wool casinos taken over by Atlantic City, and the Livni Resort and entertainment center in Ukraine, which has developed very well from scratch.

In addition, there is Australia. Not only are brothels legal in Australia, but also casinos. Because it is a certain foundation, Simon will not let go. He has been making considerable investment in recent years.

Another reason is that Simon is so keen on the gambling industry. On the one hand, his interests are, but more importantly, this is an area with a very large gray area, which is suitable for many operations that are not obvious.

With the development of Westeros system up to now, Simon will never be better if he is white and flawless all the way, even if he is not torn to pieces, dried and wiped clean by potential admirers everywhere.

Therefore, I often show a more crazy state in some things than you think. At the same time, Simon also supports a huge private army enough to fight a war in the region, creates a private intelligence network with tentacles all over the world, and feeds a number of gangster forces scattered all over the world... In the final analysis, these are just for self-protection.

Because in Simon's current position, it is impossible to be a pure businessman. After all, the world is too impure for you to be innocent.

Let's talk about the specific operation.

On the Korean side, Simon did not intend to seek cooperation, but planned to use the team of Westeros system to do it directly.

With the power of westero system in South Korea, it is easy to break the monopoly of Paradise group if you want to get gambling cards.

No one has done this before. Frankly, it doesn't look good.

Not to mention the current South Korea, even Macao, which has an industry volume of only more than $1 billion a year, there is no need for capable big capital to tangle with local snakes. After all, we all know that this industry is not a simple business, but also to take care of all aspects.

Now, however, Simon westero is attracted to this "petty profit" of South Korea, which is unexpected.

It turned out to be true.

Aware of the operation of Westeros system in South Korea, Tian paradise will not be indifferent as a local snake.

After several contacts, the two sides had today's meeting.

In short, Tian paradise is actively seeking cooperation this time, and it is still willing to give up quite the initiative.

This surprised Simon.

Think about if you put it on he gambling king in Macao, with each other's temperament, even if you are willing to cooperate, you will only firmly grasp the control in your hand.

But if not, there would be no such meeting.

It's a small business after all. Simon doesn't have so much time.

Moreover, after a general understanding, Simon also understood the reason for the Korean gambling king's current decision.

First of all, Tian paradise, who was born in 1927, is 72 years old and has not been in good health. He does not have enough energy to fully control his gambling empire. Tian Bili, the eldest son of the gambling king, is only 31 years old and is the same age as Simon, but of course it is not comparable with Simon. For ordinary people, he is still very young, It's hard to say whether we can shoulder the burden of the park group.

Secondly, even if it is just a small plate, over the years, more and more capital forces hope to break the monopoly of the park group and frequently ask the South Korean authorities to open more gambling licenses to let everyone enter the market.

In the face of such a situation, Tian gambling king is becoming more and more incompetent.

According to the data recently collected by the team here, Tian paradise began to seek the listing operation of the paradise group before the crisis in 1997, and chose the target platform in the Nasdaq market in the United States. Obviously, this is to leave a way for future generations. Once listed, even if the paradise group will encounter peer impact and decline in the future, through cash out, Tian's children can also accumulate a lot of wealth.

Now, although Simon suddenly wants to enter the gambling industry in South Korea, it is very confusing, Tian paradise realizes that this is a better way out than listing the paradise group.

After all, the thigh of Westeros system is too thick to be thicker.

As long as we hold this leg, it will be easy for paradise group to extend its dominance of the Korean gambling industry for another ten or twenty years.

In addition, the king of field gambling can see the situation clearly. Even if he gives up control of his own industry, Simon westloken must have no time to take care of it himself and still have to hire people. Although his son is not successful, he has cultivated a very excellent team over the years, and then he can gradually pass it on to his son. At least, it is certainly not a problem to ensure the interests of the Tian family in the paradise group.

When it comes to interests, since Simon westero is interested in this piece, although he still doesn't understand it, the prospect of South Korea's gambling industry in the future must be far more than the current scale.

In a word, except that we can no longer master the absolute control of the family business, there is no harm in thinking about it.

As for control, in the past two years, even the top chaebols in South Korea have been enslaved in the Westeros system. Jin Yuzhong, once the second largest chaebol leader, was thrown into prison because of his bad relationship with the Westeros system. What is a small paradise group in front of such a behemoth?

In a VIP Hall of Warwick villa casino.

Everyone gathered around a gambling table, playing Texas poker in a harmonious atmosphere and talking about things by the way.

On Simon's side are he and Chen Qing, and on the other side are Tian paradise with black framed glasses and his eldest son Tian Bili.

The specific cooperation details have been finalized in advance.

The revenue of Paradise group in 1998 was equivalent to US $93 million, but due to the economic crisis, it lost about US $6 million last year. Therefore, combined with the comprehensive financial data of the past five years, it gave a valuation of US $300 million, which is about 20 times the average p / E ratio and a very favorable offer.

The shareholding ratio of Tian paradise is 38%, equivalent to about US $110 million.

The preliminary plan is a joint venture plan.

Westlow system injected a one-time investment of US $700 million into the paradise group to obtain 70% of the shares of the new company, and the shares held by other original shareholders were reduced to 30%. At the same time, the $700 million fund will be divided into two parts. One part will be $500 million, which will be smashed into Jeju Island at one time to build a super entertainment complex integrating casinos, hotels, shopping centers, golf courses and other facilities.

Jeju Island is the future direction of South Korea's gambling industry that Simon is betting on.

As for now, the eight small casinos already owned by Jeju island account for more than 20% of the revenue of South Korea's gambling industry. Most of them are also the casinos of the park group in Seoul, Busan and other places. Only the current Huake villa accounts for 56% of the revenue share of the four casinos of the park group, which can be said to be very uneven.

Simon can foresee that in the future, Jeju Island will attract more and more Chinese tourists, especially after the implementation of the visa free measures, the current imbalance will certainly be reversed, and Jeju Island's gambling industry will occupy the majority of the revenue of relevant industries in South Korea.

While making heavy bets on this investment, the next operation focus of Westeros system is also to lobby the South Korean authorities to open Jeju Island to Chinese tourists as soon as possible.

Another 200 million US dollars is planned to invest in a casino project in Gangwon road in eastern South Korea.

We have to start from the beginning.

The Taibai Mountain Area of Gangwon road in Eastern Korea used to be a mining area, once producing 80% of South Korea's coal. However, in recent years, the coal resources in the Taibai Mountain mining area have dried up rapidly. As a result, as many as 130000 miners and millions of people living around the mining area have suddenly lost their livelihood.

In order to create a livelihood for the former mining area, the Korean authorities adopted a waste mining area development plan in 1997 to encourage the Taibai Mountain region to vigorously develop the tourism industry.

As we all know, coal mining areas are often not suitable for tourism, and the same is true.

Therefore, the special bill opened a back door for the local government to allow gambling business.

However, shortly after the promulgation of the bill, the Asian financial storm broke out, and the South Korean government and private capital were all in a state of crisis.

No money, no matter how generous the stimulus policy is in vain.

Until recently, the local government finally brought up the plan of building a casino in the mining area of Taibai Mountains and is raising funds.

However, there is still no money.

Before Westeros expressed interest in the project, the local government and local capital are expected to raise up to about 30 billion won. At the current exchange rate of about 1300 in South Korea, equivalent to about 23 million US dollars, it is planned to build a small casino hotel.

The $23 million fund may be enough if it is just building a building, but if you want to build a well-equipped Casino Hotel, it can only be described as making do.

Therefore, the westrow system plans to invest 200 million US dollars. In the local view, it is a big girl with a lot of silly money.

Simon, of course, is not Kate.

The biggest reason why I like this project is that the casino in the plan has a privilege that it can be opened to Korean nationals.

Absolute privilege.

Before that, whether the casino of Paradise group in the central city or the eight small fronts on Jeju Island, in the past few decades, it was only open to foreigners. Guests need to rely on overseas passports to get in and out, and locals are prohibited from entering.

As for a casino in the valley, even if it has privileges, can it make money?

Simon has no doubt.

In many news reports on the gambling industry, there will always be a fairly unified statement: Americans like gambling, Britons like gambling, Germans like gambling, Japanese like gambling, Koreans like gambling, Chinese like gambling

In fact, to put it bluntly, it's a person who likes gambling.

Just like a theory that Simon mentioned some time ago, production is against biological nature, and plunder is instinct. The so-called plunder is to get something for nothing, that is to lose enough and offer more. Gambling is undoubtedly the best channel for people to fantasize about getting something for nothing in the real world.

So how can anyone not like it?

In short, Simon did not hesitate to spend money on the only privileged casino project in South Korea, and directly gave us $200 million at the level of 10 times the local budget. At the beginning, the local government still hesitated about this complex fund. After confirming the estimated investment of US $200 million, all the problems immediately ceased to be problems.