Next Integrated Casino Resort to Open Doors on Jeju Island
Based on reliable sources, the South Korean Jeju Island will probably have yet another built-in casino resort built on its territory. A deal, signed on Monday, is known to result in the establishment of a property that is luxurious as a result of current legislative framework, residents of Southern Korea will never be allowed to participate in gambling activities.
Dream Tower resort that is integrated is now section of Lotte Tour developing as yesterday the latter joined up with forces with Dongwha Investment and Development Co Ltd.
If established, the new casino resort is expected to feature the tallest resort tower regarding the territory of Jeju and an overall total of 1,600 rooms. Are you aware that gambling amenities, there will be at least 400 slots, 200 table games and a variety that is great of intended to meet the needs of those that do not play casino games.
In accordance with a written report, released by Union Gaming Securities Asia Ltd, you can find eight casinos in the territory of Jeju Island however they are reasonably small and every of them features about 40 tables and 20 slots.
Currently, the alleged ask for Proposal is happening in Korea with no significantly more than two licenses can be given. Nonetheless, Jeju is defined as a self-governing area, which, therefore, implies that the Dream Tower task has nothing in accordance with all the RFP process.
Even though there is a total of 17 gambling enterprises in the territory of Southern Korea, as many as 16 of them are intended exclusively for foreigners. (more…)