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Hallyu, the Korean cultural wave sweeping Asia, has hit the casino business. In Incheon, close to Seoul, foreign billionaires are squaring off against a government backed national champion for licenses to create integrated resorts. Meanwhile, the south coast resort island of Jeju could grow to be a new front in the battle for Manila marketplace share. That’s a lot of excitement about developing gaming resorts exactly where locals can’t play, in a industry exactly where revenue at foreigner-only casinos rose a paltry .three% last year to 1.36 trillion Korean won (KW $1.25 billion). South Korea is producing its play for a larger chunk of the Asian gaming marketplace and a surprising quantity of investors want in. As I reported in Inside Asian Gaming, South Korea’s government has invited applications for two gaming licenses to make integrated resorts with casinos that would only be open to foreign players. There are possibilities for every person, like slot machines, table games, live dealers, and immediate win games. So, let’s delve much more into the sort of games readily available to South Korean players.
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