{"id":1499,"date":"2016-08-08T14:55:16","date_gmt":"2016-08-08T14:55:16","guid":{"rendered":"http:\/\/www.top10casinowebsites.net\/?p=1499"},"modified":"2016-08-08T14:55:16","modified_gmt":"2016-08-08T14:55:16","slug":"opposition-party-in-s-korea-want-to-allow-locals-into-second-casino","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/opposition-party-in-s-korea-want-to-allow-locals-into-second-casino\/","title":{"rendered":"Opposition Party In S. Korea Want To Allow Locals Into Second Casino"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/wp-content\/uploads\/2016\/05\/south-korea.jpg\" alt=\"south korea\" width=\"300\" class=\"alignright size-full wp-image-1425\" \/>An opposition party group in South Korea called the <strong>People\u2019s Party<\/strong> wants the gambling bill amended to allow a second casino in the country to be open to the local population. South Korea currently has 17 operational casinos but <a href=\"\/south-korea-unlikely-to-permit-local-entry-into-casinos-till-2025\">locals are allowed entry in to only one of the casinos<\/a> called the <strong>Kangwon Land casino resort<\/strong> in Kangwon province which is around 150 kilometres (93 miles) from Seoul.<\/p>\n<p>According a local media report, the lawmakers are working to develop a revision bill that will allow the development of an integrated casino resort in the Saemangeum Development Area. The <a href=\"http:\/\/www.saemangeum.go.kr\/sda\/cmm\/main\/enMainPage.do\">Saemangeum Development Area<\/a> is one of the country\u2019s eight free economic zones located in southwestern province of Jeolla and is around four hours away from Seoul.<\/p>\n<p><strong>\uc0c8\ub9cc\uae08\uac1c\ubc1c\uccad<\/strong><\/p>\n<p><center><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/K-KwvWQtgAc\" frameborder=\"0\" allowfullscreen><\/iframe><\/center><\/p>\n<p>The proposed casino would permit locals to gamble within limits much like the <strong>Marina Bay Sands<\/strong> casino in Singapore. Restrictions would include imposing an entrance fee in the range of KRW50,000 (US$45) to KRW100,000 per person and limiting their casino visits to around 10 visits per month.<\/p>\n<p>Analysts from the brokerage firm <strong>JP Morgan Securities (Asia Pacific) Ltd<\/strong> said that it was unlikely that a second casino for locals would be permitted. In a statement analysts from JP Morgan said, <\/p>\n<blockquote><p>We think it may be difficult for a minor opposition party to gain political and public consensus on this sensitive matter, as there will likely be significant push-backs from Kangwon province, as well as many other cities\/provinces such as <strong>Incheon, Busan and Jeju<\/strong> who have also been lobbying to have local casinos<\/p><\/blockquote>\n<p>The analysts also highlighted the fact that the country\u2019s Ministry of Culture, Sports and Tourism which regulates the casino industry has consistently opposed opening another local casino. Credit ratings agency <strong>Fitch Ratings Inc<\/strong> has said in a June report that there was low political support in South Korea for the expansion of gaming ventures for locals despite the possibility that such ventures would draw interest from large international casino operators.<\/p>\n<p>The <a href=\"https:\/\/en.wikipedia.org\/wiki\/People%27s_Party_(South_Korea)\">People\u2019s Party<\/a> won 38 seats in the elections held in April this year for the country\u2019s 300-member body National Assembly. People\u2019s Party\u2019s representative <strong>Kim Kwan-young<\/strong> said that his party had the approval of several lawmakers including those from Jeolla and a key representative of the National Assembly\u2019s Land Infrastructure and Transport Committee. The committee is responsible for dealing with Saemangeum Special Law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An opposition party group in South Korea called the People\u2019s Party wants the gambling bill amended to allow a second casino in the country to be open to the local population. South Korea currently has 17 operational casinos but locals are allowed entry in to only one of the casinos called the Kangwon Land casino [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Opposition Party In S. 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