This Tuesday, the Ministry of Culture, Sports and Tourism gave its approval on the possibility for foreign operators to build, operate and manager casinos in South Korea. This policy has entered within the framework of efforts of the State, aiming at boosting the industry of tourism of this country. Thus, the ministerial department has entrusted to the LOCZ Korea the launching of this project.
A joint-venture between Caesars Entertainment, located in Las Vegas, and t he Indonesian conglomerate Lippo Group, was created. It has the authorization to open a casino games with free bonus in Yeongjongdo, and island and economic area located near the international
airport of Incheon. Let us note that in last month of June, the Ministry rejected the attempt of LOCZ Korea to build a casino on the island that South Korea expects to transform in a city of facilities with no deposit casino games. According to the Ministry, the credit note of this joint-venture was insufficient in those days.