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Articles by Jeff Hwang
South Korea: sell-out deal smothers awesome power of Samsung workers
Last month, a planned strike by workers at Samsung Electronics – South Korea’s largest conglomerate and the fifth most valuable brand in the world – sent shockwaves through the South Korean ruling class. Fearing the economic consequences, the government, the Bank of Korea, and even the American Chamber of Commerce intervened.
After the elections: where is South Korea going?
Last month, on 4 June 2025, South Korean voters were summoned to the ballot box in a snap election. With a record-breaking voter turnout of 79.4 percent, this election was hailed as a “judgment day” by the victor, opposition leader Lee Jae‑myung of the Democratic Party of Korea (DPK), who claimed a narrow yet decisive victory with nearly half of the vote. His rival, Kim Moon‑soo of the conservative People Power Party (PPP) – party of former president Yoon Suk-yeol – trailed at 41 percent.
The Death of the Gambling Expert
GGB is committed to providing updated news and analysis on our weekly news site, GGBNews.com. The rising casino house advantage and the push to kill blackjack has had an unintended consequence: There aren’t any casino gambling experts left to solve a real problem—the probability that the traditional brick-and-mortar casino gaming industry is shrinking Let’s preface it this way: First, about 95 percent of all gambling stories are either blackjack or poker stories.
South Korea: chips are down as Samsung workers launch historic strike
Last week, a David-vs-Goliath struggle broke out at Samsung, the biggest Chaebol (conglomerate) in Korea, where workers launched the first indefinite strike in the company’s history. Samsung is one of the biggest corporations in the world, and alone accounts for 20 percent of South Korea’s GDP. It is the preeminent producer of memory chips and controls 42 percent of the global market for semiconductors, a vital commodity for the production of microprocessors.
Las Vegas: COVID Winter
"The problem we have is that the mitigation policy that most successfully stemmed the tide in Nevada was our complete shutdown. And for the White House to send that recommendation without including a big check for Nevadans is out of touch and offensive. A shutdown is unrealistic without additional support." -Nevada Governor Steve Sisolak (D), December 13, 2020 Image Source: Jeff Hwang Let's start by playing back the past few months here in Nevada. 8/31.
S.O.S.: Las Vegas and the Deteriorating State of Nevada
I'll start by pointing out four things: After closing for two weeks, Macau casinos reopened February 20 with mandatory facemasks for guests and casino employees alike. After seeing a rash of new COVID-19 cases, Macau wasn't even open a month before banning foreign visitors in March.
Las Vegas Strip: Why Is It Open Right Now?
At 12:01 a.m. on Thursday, June 4, casinos in the state of Nevada began to reopen for the first time since Gov. Steve Sisolak (a Democrat) ordered the shutdown of the gambling industry and other non-essential businesses on March 17, after Wynn Resorts (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) moved to shut down all of their casinos on March 15.
Las Vegas Strip: On Border Controls and The Subsistence Strategy
"I think the recovery here is going to be quicker than most any other place in the United States." Former MGM Resorts CEO Jim Murren Let's say you live in Las Vegas, as I do. And let's start with two super, super, super extreme scenarios – strategies – for dealing with COVID-19 and opening up Las Vegas and the Las Vegas Strip moving forward. Strict absolute containment. The Las Vegas Strip remains closed for the duration of the pandemic (~18-24 months).
GGB Magazine | When the House Edge Bites Back
By Jeff Hwang Wed, Sep 25, 2019 The house advantage is stunting wagering, and gamblers can tell the difference. With regard to the effect of PAR on wagering volume, the results of the reviewed literature would suggest a negative relationship (Lucas & Roehl, 2002; Lucas, Dunn & Singh, in press). Aside from the reel slot sample analyzed by Lucas et al.
GGB Magazine | Skill Games Part II: The Next Big Game
By Jeff Hwang Sun, Apr 21, 2019 Why the next blackjack and the next poker have been so hard to come by The flood of articles proclaiming “skill-based” games as a solution to the (non-existent) millennial problem were correct about one thing: the fundamental demand for skill games in the casino.
GGB Magazine | Solving the Las Vegas Strip Value Problem
By Jeff Hwang Fri, Feb 22, 2019 The Las Vegas Strip has at least three value issues that need to be solved Question: Is there a solution to the Las Vegas Strip value problem?
Trump vs. Republicans (again!)
Are you sure you want to delete your account? You'll lose everything, forever! Of course not!
Is Daily Fantasy Sports Gambling Or Skill Game? It's Both
The debate over whether daily fantasy sports does, in fact, constitute gambling is heating up.
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