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The Kangwon Land casino is positioned in a remote mountain area, many hundred kilometers away from the country’s important cities. Currently, the Kangwon Land casino is a national enterprise with 51% of the casino’s shares owned by four neighborhood governments . IGaming in South Korea is legal, although the market faces pretty difficult challenges. Although there are 23 offline casino establishments in South Korea, only a single of these casinos permits Koreans to wager legally. Because South Korea is a renowned tourist country, millions of foreigners troop in monthly and demands numerous solutions, a single of which is online gaming.
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Getting a three hour drive from the nearest international airport and big population center severely constrains Kangwon Land’s potential. Sponsorship of the Olympics and exposure by way of the games hasn’t provided a bump amongst foreign visitors, comprising just more than 1% of total clients ahead of and soon after the games. To understand the value of international visitation on Korea’s casino industry, it is critical to initial fully grasp the types of gaming readily available and the jurisdictions exactly where they are located.
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These participants had been staff from 3 casinos, including Kangwon Land Casino, Walker Hill Casino, and Seven Luck Casino. All government representatives were senior managers and had more than ten years of perform practical experience in the field. These people can't be identified, as we promised confidentiality.
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