A Casino in Your Country – Casino Seoul
The fascinating history of how Koreans came to become referred to as Casino Korea is quite interesting to say minimal. Everything began when some South Korean entrepreneurs decided they wished 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 extremely 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 all gaming enthusiasts from around the world. Even today, once the world meets Wall Street, Seoul remains a significant tourist destination. As a result of these tourists, many Korean casinos found themselves packed with eager players constantly. 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 reaction to this, america imposed some sanctions against Gyeongju and Jeju Island. However, not all of the US sanctions included the closure of the casinos. The average player at a casino in Korea would not understand that such was happening. The average player in the US would not even observe that the casino in Korea was closed.
The reason these south Korean businessmen decided 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 number of people wanting to play slots and kung fu games. Ever, because the deregulation of the Chinese slot machine business, nearly every south Korean businessman made a decision to enter into the business. The majority of the foreigners that enter the Chinese casinos are AMERICANS. Quickly enough, the craze for casino Korea reached the 블랙 잭 룰 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. A lot of things were settled that day like the location of the new casino, Korea tried to set up. They eventually agreed to arrange it in the Seoda Building located at Central Seoul. The government had difficulty agreeing on the location of the brand new casino, Korea tried to set up. 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 decided to open a 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 decided to accept the deal provided by the north Korean government.
After this successful meeting between your north Korean and south Korean businessmen, both sides signed an agreement for a total economic zone of South Korea. The north Korean government offered subsidies south Korean businessmen so they could pay for the construction and upkeep of the brand 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 south Korean businessmen. Eventually, the north Korean government offered a tax rebate of around 40%.
Not only are the south Koreans getting a nice sum of money from the deal, however they also manage to gain some jobs in various casinos around the country. Following the government’s generous offer, more players began to play at these new casinos in the Seoda Building. It was just 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, you can find already nine casinos in the Seoda Building which offer almost twenty-five thousand slots for the benefit of the south Korean players.