Tag: korea casino gambling
Korea considers new rules on foreign casinos
January 10, 2014
Korea Herald – The competition to obtain casino licenses in Yeongjongdo, an economic zone near Incheon International Airport that Korea is hoping to turn into a high-end casino city, is once again heating up as Korea is mulling over easing the related regulations for foreign investors. According to multiple industry sources on Thursday, the government plans to announce its new tourism strategy later this month, which, among other things, would relax financial rules for foreign bidders to earn casino licenses in the nation’s economic zones. “We are considering easing the bidding standards after receiving complaints that it is too difficult…