When it comes to South Korea’s casino industry, there is a lot to learn. Although the casino industry plays a vital role in economic development and destination promotion, it has faced tough challenges. One major issue is the negative public perception of the industry. This perception has been exacerbated by the involvement of the industry with political corruption and illegal foreign currency transactions.
The government has made efforts to minimize the negative impact of the gambling industry on the society. However, this effort will take time. For the moment, the government imposes strict gambling regulations on the industry.
While there are many laws and restrictions, it is possible for citizens to gamble at licensed casinos. In fact, a million people visited the Korean casinos between January and August.
In addition to the casinos, there are a number of brick and mortar bookmakers that cater to tourists. Some of the most popular games are roulette, baccarat, and blackjack. There are also online gambling platforms. These include guided tours to help foreign tourists enjoy the casino experience.
One of the most important issues facing the industry is the level of regulation. The Korean government imposes strict regulations on the industry. To minimize the negative public perception of the casino industry, the Korean industry has been making efforts to change its image.
There are currently 16 licensed casinos in the country. These are split into two groups: “foreign-only” and integrated casinos. Only three of the foreign-only casinos operate their own properties. Other foreign-only casinos operate in rented facilities.