Monica E. October 18, 2014 16:57:03
Jeju Island is looking to establish a strict watchdog to supervise the gambling industry, following the example of Singapore. The southern resort island has developed over the past few years, seeing a rapid surge in real estate investments. The tourism industry has also grown, as thousands of visitors from China come here every year to […]
Alex Nevsky August 14, 2014 15:25:08
South Korea is preparing to alter regulations to ease up the casino licensing procedures. In order to jump on the gambling bandwagon in Asia, South Korean gambling laws will be amended providing lower regulations for erecting new integrated resorts. This was confirmed by the Ministry of Culture, Sports and Tourism this week. The integrated resorts […]
Monica E. August 11, 2014 08:55:18
Paradise Co. and Sega Sammy Holdings will start building South Korea’s first integrated casino resort in October. All Asian countries with legal gambling seem to have a very specific target these days: Chinese players. And South Korea, a country where the casino industry is growing, is no exception. With no Chinese casinos on the mainland, […]
Rab April 10, 2014 15:44:56
The Seoul Central District Court has ruled that a gambling loan of over $10,000 doesn’t need to be repaid, since it was lent for gambling activities. The South Korean court decided that there was no requirement to repay the loan on the grounds of moral standards and social ethics. Judge Shim Chang-seop said: “money purposely […]
Monica E. March 21, 2014 18:10:21
Caesars Entertainment and Lippo will be opening the largest casino resort in South Korea. The two companies have become the first foreign investors to receive a preliminary casino license under South Korean gambling laws, after proposing a $696 million project near the country’s largest airport. The venue would be targeted mainly at Asian gamblers, but […]
Nick M. April 6, 2011 11:00:26
The provision of Article 246 of the Criminal Act forbids all South Korean citizens from gambling at any casino in every country
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