Foreign operators are given green light for mega-casino plans

The opening of the domestic casino market to foreign companies is believed to have taken the first step toward joining the "casino war" in Asia.

According to industry estimates, the global casino market will grow to $156.8 billion this year, of which the Asia-Pacific casino market accounts for $62.9 billion.

It is because of Chinese tourists that Asia has emerged as such a "casino battlefield." Chinese people spent a total of $12 billion last year sweeping tourist attractions around the world, and they emerged as a "big hand" by pouring a large amount of them into casinos.

In fact, Macau has already become the world's largest casino market years ago, beating Las Vegas.

Casino sales alone reached 360.8 billion pattacas (about 47.3 trillion won) last year as tourists from mainland China flocked. It is seven times larger than Las Vegas.

As of 2013, 35 casinos are in operation.

Singapore, Asia's No. 2, is also raising annual casino sales of more than $6 billion through the Marina Bay Sands Resort and Resort World Sentosa, which opened in 2010.

Above all, it was effective to make a winning move with a complex resort with shopping malls, luxury hotels, theme parks, and international conference halls centered on casinos.

Malaysia has been on the rise recently. The casino market has become the top country in Asia with an annual growth rate of about 5%.

However, for South Korea, Japan is the most concerned rival.

Japan has begun legalizing casinos after being selected as the venue for the 2020 Summer Olympics.

If the casino latch is released in Japan, it is expected to become the second largest casino market in Asia after Macau. Union Gaming Group, a casino research company, predicted that the Japanese casino market would generate $10 billion in annual profits.

As a result, it is analyzed that concerns that if Japan absorbs Chinese visitors, Korea will fail to preoccupy the market and miss "big hands" customers may have affected LOCZ Korea's permission.

Source: 바카라사이트