A Casino in Your Country – Casino Seoul
The fascinating history of how Koreans came to become known as Casino Korea is quite interesting to say the least. Everything began when some South Korean entrepreneurs decided that they wanted to open an offshore casino in Gyeongju. Gyeongju is 마이다스 바카라 a port city on the eastern coast of Korea. The first land based casino was established in Gyeongju, Gyeonggi Province in 1975. They soon became extremely 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 all gaming enthusiasts from around the globe. Even today, when the world meets Wall Street, Seoul remains a major tourist destination. Due to these tourists, many Korean casinos found themselves filled with eager players at all times. Many of these Casinos even had live dealers. Some were known only to have video poker or other light entertainment. However, many casinos offered table games, roulette, blackjack and even karaoke!
In response to this, america imposed some sanctions against Gyeongju and Jeju Island. However, not all of the united states 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 wouldn’t normally even observe that the casino in Korea was closed.
The reason why 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 opening up of China, there’s been an increase in the amount of people wanting to play slots and kung fu games. Ever, since the deregulation of the Chinese slot machine game business, almost every south Korean businessman made a decision to enter into the business. Almost all of the foreigners that enter the Chinese casinos are North Americans. Quickly enough, the craze for casino Korea reached the united states itself. This brought the already existing slot machine game business in Korea to a whole new level.
Both parties met at the Chinese consulate, where they discussed matters. A lot of things were settled that day including the location of the new casino, Korea tried to install. They eventually agreed to set it up in the Seoda Building located at Central Seoul. The US government had difficulty agreeing on the location of the new casino, Korea tried to install. Ultimately, the US government finally gave in and allowed the location of the new casino to be in the Seoda Building.
North Korean and US officials met at the Seoda building for the first time to negotiate about the home based business venture. The north Korean businessmen made a decision to open a casino korea which would use slots from the newly established American machines. In turn, the north Korean government offered huge incentives south Korean businessmen. Ultimately, the south Korean businessmen made a decision to accept the deal provided by the north Korean government.
After 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 that they could purchase 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 different other incentives to the south Korean businessmen. Eventually, the north Korean government offered a tax rebate of around 40%.
Not merely are the south Koreans getting a nice sum of money from the deal, however they also manage to gain some jobs in different casinos around the country. After the government’s generous offer, more players started to play at these new casinos in the Seoda Building. It had been only a matter of time until the number of players increased and the craze in playing the slots spread to other areas of the country. Today, there are already nine casinos in the Seoda Building which offer almost twenty-five thousand slots for the advantage of the south Korean players.