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Southern Korea Officials Reveal 34 Bidders for Casino Licenses

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Southern Korea Officials Reveal 34 Bidders for Casino Licenses

The South Ministry that is korean of, Sports, and Tourism unveiled that there are 34 bidders for the two casino licenses which can be become given for the operation of two foreigner-only integrated resorts in the country’s edges.

Southern Korea officials are anticipated to announce later on in August where one of the resort and casino properties is usually to be found. This could mark the beginning of the selection procedure. Analysts genuinely believe that one of many venues is integrated Seoul or someplace near the country’s money As for the other integrated resort it is probably be located in Incheon. The city is well known for the Incheon International Airport, the greatest one in Southern Korea.

Casino operators and professionals have over and over repeatedly noticed that a gambling location located somewhere near the airport probably will become a profitable one as it is to attract more Chinese high rollers as well as wealthy visitors from other Asian countries.

The Ministry of heritage, Sports, and Tourism will give consideration to all 34 bidders and is likely to announce its decision on which two of those can be issued the casino licenses in December 2015.

Two licenses that are such recently been issued by the ministry. The built-in resorts will be situated on the Yeongjongdo Island and Incheon. LOCZ Korea, a consortium between Chinese estate that is real Lippo Group and Las Vegas-based casino Read More