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Betsson - Redeye

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Bolagsanalys<br />

27<br />

<strong>Betsson</strong><br />

“Gambling fever hits S Korea<br />

By Caroline Gluck in Seoul, Wednesday, 26 December, 2001, 14:11 GMT<br />

South Korea may be feeling the pinch of recession, but with hard times<br />

looming, the country's gambling industry is cashing in.<br />

The industry, which was worth about $5m last year, just keeps growing.<br />

Analysts say the economic downturn has driven South Koreans increasingly<br />

to pin their hopes on hitting the jackpot. With the opening of the country's<br />

first on-line lottery in 2002, the lottery market alone is expected to double.<br />

And as the country prepares to co-host the World Cup finals with Japan,<br />

football fever is expected to drive ever more people to take a punt. “<br />

“Looking at Gaming Stocks? It's Tough to Beat the House<br />

By James K. Glassman, Published: MONDAY, MARCH 5, 2001<br />

In a slowing economy, the gaming business, believe it or not, provides a<br />

good hedge. When times get tough, gamblers keep gambling. During the<br />

recession year of 1991, for example, Mandalay Resort Group, a typical<br />

gaming company, increased its revenues 15 percent. Earnings rose from 87<br />

cents a share in 1989 to $1.41 in 1992.”

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