A Korean Casino is one of the most popular ways to earn extra cash. In fact, it’s one of the only legal ways for South Koreans to gamble. There’s a big market for it though and there’s lots of competition. So you’ll want to be sure that you’re gambling at a legit casino.
Korea’s Ministry of Culture and Tourism is responsible for all casino operations in the country. As such, it grants casino business licenses. However, it’s not easy to open a casino in Korea. It’s important to understand the host culture before entering the gaming market.
The Korean government has been able to secure preliminary casino licenses for the first three resorts: Caesars Entertainment Corporation, Lippo Limited and Mohegan Sun. But the project has faced numerous delays due to the COVID-19.
Despite the slow progress of the MGE project, it remains on track to open in 2023. With the completion of the casino and convention space, it will have more than a quarter of a million square feet of space.
While the government’s policies have not improved much, it’s important to continue working to change the negative perception of the industry. The industry has been involved in tax evasion, political corruption and other issues that have harmed the public’s image.
The Korean government has approved a proposal for an integrated casino resort on Yeongjong Island, near the Incheon International Airport. This integrated resort will include two hotels and hundreds of gaming tables.