A Casino in Your Country – Casino Seoul
The fascinating history of how Koreans came to become known as Casino Korea is fairly interesting to say minimal. Everything began when some South Korean entrepreneurs decided they wanted to open an offshore casino in Gyeongju. Gyeongju is really a port city on the eastern coast of Korea. The initial land based casino was established in Gyeongju, Gyeonggi Province in 1975. They soon became very popular and it was only a matter of time before they moved their operations to Korea’s most populated island – Jeju Island.
Gyeongju became a mecca for several gaming enthusiasts from around the world. Even today, once the world meets Wall Street, Seoul remains a significant tourist destination. As a result of these tourists, many Korean casinos found themselves packed with eager players constantly. Many of these Casinos even had live dealers. Some were known only to have video poker or other light entertainment. But some casinos offered table games, roulette, blackjack and even karaoke!
In reaction to this, the United States imposed some sanctions against Gyeongju and Jeju Island. However, not all of the US sanctions included the closure of the casinos. The average player at a casino in Korea would not know that such was happening. The average player in the US would not even notice that the casino in Korea was closed.
The reason why that these south Korean businessmen made a decision to create an offshore casino in Gyeongju was to utilize the huge untapped gaming market in China. Since the economic checking of China, there has been an increase in the number of people wanting to play slots and kung fu games. Ever, because the deregulation of the Chinese slot machine game business, almost every south Korean businessman made a decision to enter into the business. Most of the foreigners that enter the Chinese casinos are North Americans. Soon enough, the craze for casino Korea reached the US itself. This brought the already existing slot machine game business in Korea to a complete new level.
The two parties met at the 라이브 바카라 Chinese consulate, where they discussed matters. A lot of things were settled that day including the located area of the new casino, Korea tried to set up. They eventually agreed to arrange it in the Seoda Building located at Central Seoul. The US government had difficulty agreeing on the location of the brand new casino, Korea tried to set up. Ultimately, the government finally gave in and allowed the location of the new casino to stay the Seoda Building.
North Korean and US officials met at the Seoda building for the very first time to negotiate about the new business venture. The north Korean businessmen decided to open a casino korea which would use slot machines from the newly established American machines. Subsequently, the north Korean government offered huge incentives to the south Korean businessmen. Ultimately, the south Korean businessmen decided to accept the deal offered by the north Korean government.
Following this successful meeting between the north Korean and south Korean businessmen, the two sides signed an agreement for a total economic zone of South Korea. The north Korean government offered subsidies to the south Korean businessmen so they could pay for the construction and upkeep of the new casino Korea. The south Korean businessmen also decided to build the casino korea on the land. In exchange, the north Korean government offered free electricity and various other incentives south Korean businessmen. Eventually, the north Korean government offered a tax rebate of around 40%.
Not merely are the south Koreans getting a nice amount of cash from the deal, however they also manage to gain some jobs in different casinos around the country. Following the government’s generous offer, more players started to play at these new casinos in the Seoda Building. It was only a matter of time before number of players increased and the craze in playing the slot machines spread to other areas of the country. Today, there are already nine casinos in the Seoda Building that offer almost twenty-five thousand slots for the benefit of the south Korean players.