Singapore Successes Pressure Korean Casino Market

South Korea will only follow Singapore’s example and opt to license new integrated resorts if there is a “critical, desperate reason”, according to recent analysis.Analysts at Las Vegas-based Union Gaming last week added their weight to speculation that the Korea Tourist Organisation may about to recommend that up to four new casino licenses could be issued, two in Seoul, one in Busan and a further one on Jeju Island.

“In an effort to bolster visitation to South Korea, following the visibility and early success of Singapore’s two integrated resorts (IRs), we believe the KTO is studying the possibility of licensing its own IRs in the country,” suggested the Union Gaming team late last week.

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