Southern Korea Officials Reveal 34 Bidders for Casino Licenses

Southern Korea Officials Reveal 34 Bidders for Casino Licenses

The South Korean Ministry of community, Sports, and Tourism unveiled that we now have 34 bidders for the two casino licenses being to be granted for the procedure of two foreigner-only integrated resorts inside the country’s boundaries.

Southern Korea officials are anticipated to announce later in where one of the hotel and casino properties is to be located august. This would mark the beginning of the choice process. Analysts believe that one of many venues will likely be built in Seoul or somewhere close to the country’s money. As for the other built-in resort it is probably be based in Incheon. The city is known for the Incheon International Airport, the greatest one in Southern Korea.

Casino operators and experts have actually over repeatedly noticed that a gambling venue located somewhere near the airport will probably grow to be a profitable one as it is always to attract more Chinese high rollers as well as wealthy visitors off their countries that are asian.

The Ministry of Culture, Sports, and Tourism will consider all 34 bidders and is expected to announce its decision on which two of those should be issued the casino licenses in December 2015.

Two licenses that are such already been granted by the ministry. The built-in resorts will be found on the Yeongjongdo Island and Incheon. LOCZ Korea, a consortium between Chinese estate that is real Lippo Group and Las Vegas-based casino operator Caesa Continue reading “Southern Korea Officials Reveal 34 Bidders for Casino Licenses”