A Casino in Your Country – Casino Seoul
The fascinating history of how Koreans came to become referred to as Casino Korea is fairly interesting to say the least. It all began when some South Korean entrepreneurs decided that they wanted to open an offshore casino in Gyeongju. Gyeongju is 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 very popular and it was just 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 globe. Even today, once the world meets Wall Street, Seoul remains a major tourist destination. Because of these tourists, many Korean casinos found themselves packed with eager players at all times. A lot 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 response 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 common 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 these south Korean businessmen made a decision to create an offshore casino in Gyeongju was to tap into the huge untapped gaming market in China. Since the economic opening up of China, there has been an increase in the quantity of people attempting to play slots and kung fu games. Ever, since the deregulation of the Chinese slot machine game business, almost every south Korean businessman decided to enter into the business. Almost all of the foreigners that enter the Chinese casinos are AMERICANS. Quickly enough, the craze for casino Korea reached the US itself. This brought the already existing slot machine game game business in Korea to a complete new level.
The two parties met at the Chinese consulate, where they discussed matters. Many things were settled that day like the location of the new casino, Korea tried to install. They eventually agreed to arrange it in the Seoda Building located at Central Seoul. The US government had difficulty agreeing on the positioning of the brand new casino, Korea tried to install. Ultimately, the government finally gave in and allowed the positioning of the new casino to stay 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 decided to open a 솔레 어 에이전시 casino korea which may use slots from the newly established American machines. In turn, the north Korean government offered huge incentives to the south Korean businessmen. Ultimately, the south Korean businessmen made a decision to accept the deal offered by the north Korean government.
Following this successful meeting between your north Korean and south Korean businessmen, both sides signed an agreement for a complete economic zone of South Korea. The north Korean government offered subsidies south Korean businessmen so that they could pay for the construction and upkeep of the brand new casino Korea. The south Korean businessmen also agreed 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 sum of money from the deal, but they also have the ability to gain some jobs in various casinos around the country. After the government’s generous offer, more players began 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 parts of the country. Today, there are already nine casinos in the Seoda Building that offer almost twenty-five thousand slot machines for the advantage of the south Korean players.