Due to the fact the legalization of casino gambling to foreign guests in 1967, the Korean casino market has grown steadily below the strict government regulations. When there are 17 land-based casinos across Korea, 16 casinos are comparatively tiny venues located inside 4-star and five-star hotels catering only to foreign visitors . Only the Kangwon Land Casino enables Korean citizens to enter and gamble legally. Several gaming providers have been hunting for investment opportunities in Korea due to its optimal place, nicely-developed infrastructure, and a highly educated and properly-educated labor force . Foreign investors can enter the Korean casino marketplace by way of public bidding to get a gaming license from the Korean government.
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- In a report to investors last week, a South Korea-primarily based analyst for UBS Securities stated the government could select “three or four” foreign gaming businesses to bid resort complicated for nation.
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