Trump Associate and Casino Mogul Eyes North Korea Market
President Trump’s recent meeting with North Korean leader Kim Jong Un last month as piqued the interest of quite a few movers and shakers for any number of different reasons. When the President himself spoke of the country’s future business potential following that historic summit, he was quoted as saying, “Think of it from a real estate perspective. You have South Korea, you have China, and they own the land in the middle. How bad is that, right? It’s great.”
In a recent report on Quartz Media LLC’s website by Steve Mollman that included that quote, he goes on to mention casino mogul Sheldon Adelson’s interest in North Korea from a real money gambling perspective in the form of casinos. The picture used in this post places Kim Jong Un in Adelson’s Marina Bay Sands casino in Singapore.
Why Does Donald Trump Associate and Casino Mogul Eye The North Korea Market?
Adelson is a long-time business associate and personal friend of President Trump. He recently referenced North Korea’s economic potential according to statements made at a charity event in Jerusalem that were documented by Casino News Daily. He spoke of ending the conflicts between North Korea and South Korea as part of officially ending the war between the two countries in which he once fought. The idea of going back to North Korea this time to open up a casino as opposed to fighting the enemy was an appealing proposition.
He is best known as the chairman and CEO of Las Vegas Sands and Adelson’s personal net worth is estimated to be in excess of $40 billion according to Forbes. He is also known as a major donor to the Republican party. The report adds that he donated $5 million to help organize the President’s inauguration celebration. This was recorded as the largest single contribution of its kind.
As far as the current tourism plans in North Korea, the completion of the Wonsan-Kalma coastal region by next spring has the potential to attract visitors from South Korea and China given its relatively close proximity on the east coast of the country near Pyongyang.
Will Online Gambling Expand To North Korea?
One of the biggest obstacles to economic growth from outside sources such as Adelson’s interest in a North Korea casino, is the country’s current hardline stance on the denuclearization process. Despite the recent meeting between the country’s two leaders, normalized relations between the US and North Korea is still more of a dream than reality.
Secretary of State Mike Pompeo was in North Korea for denuclearization talks this past weekend. While the US was accused of “gangster-like” behavior in the proceedings, Pompeo still took a very diplomatic stance on the overall visit. He was quoted as saying “In light of the once-unimaginable prosperity and partnership we have with Vietnam today, I have a message for chairman Kim Jong Un: President Trump believes your country can replicate this path.”
During his summit with Kim Jong Un, the President reportedly showed him a video that included speedboats and skyscrapers as a means to promote the economic possibilities of North Korea.
Previous News Article: Social Casino Games You Can Play Online
