After 34 initial expressions of interest in June, only six bidders stepped up for South Korea’s two gaming license, and just two of these made the required $50 million deposit with their applications. Diminished enthusiasm may change the focus for gaming investment from Incheon, near Seoul, to Jeju Island, off the country’s southern coast.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
The government has sharpened the competition in Korea’s casino license contest that attracted 34 contenders for two licenses in round one. In the final leg, anyone can apply for any of the nine potential resorts sites, minimum investment 1 trillion Korean won (US$850 million).
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
With burgeoning Chinese tourism and a hot pop culture scene, South Korea reportedly drew 34 applications for two casino licenses with applicants from the US, Macau and across Asia. But with 16 casinos already catering to foreigners and Korean nationals banned, some wonder whether new integrated resorts can succeed.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Muhammad Cohen 