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Casino taxes mainly fund the promotion of tourism, isolating residents from perceived rewards, Kim adds. Shinhwa Globe has 154 tables and 239 gaming machines, a quantum leap beyond standard Jeju casinos' few dozen tables and machines in leased hotel lobby space. For the first six months of this year, even with China's no-shows, Landing reported $307 million in gross gaming revenue (GGR). In contrast, throughout all of 2017, Jeju's eight casinos' GGR totaled barely $200 million. Shinhwa Planet also reported $44 million in nongaming income from hotel rooms, attractions, restaurants and home sales, as Korean domestic visits to Jeju picked up. Union Gaming Group suggests that integrated resort joint ventures are in particular complicated when each parties are operating in foreign territory. Genting Singapore agreed to sell its 50% stake in the Jeju project to companion mainland China home developer Landing International for $420 million. Sanford Bernstein estimates the Singapore flagship’s VIP roll this year will be 66% reduced than it was in 2014 with mass revenue off 23% and non-gaming revenue flat.

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