South Korea Casinos

South Korea's casinos come in something of a peculiar situation. While there are 14 of them and licences have already been issued for three more, only one is in fact open to South Korean citizens. All others are restricted to foreign nationals. As South Korea isn't, despite certain attractions, referred to as a good tourist destination, it has meant most of the casinos running at 10% or so of capacity.

Koreans themselves are inveterate gamblers and lately there has been an explosion of online casinos in the Korean language, which the Government is busily trying to close down. There is also extensive gambling on horse racing, sometimes even bicycle racing and other sports events, as well. But not surprisingly huge cultural predisposition to gambling, South Korea's casinos are hampered by the fact that only one is allowed to let the neighborhood citizens inside.

A listing of South Korea's Casinos includes:

Busan: Paradise Casino Busan

Cheju City: Cheju KAL Hotel and Casino

Cheju Oriental Hotel and Casino

Crowne Plaza Casino Cheju

Paradise Grand Casino

The Shilla Cheju's Casino

Incheon: Paradise Olympos Casino

Jeongseongun: Kangwon Land Resort and Casino

Kyongju: Wellich Choson Hotel and Casino

Samseong: Seven Luck

Seogwipo City: Hyatt Regency Cheju Casino

Lotte Hotel and Casino

Seoul: Paradise Walker-Hill Casino

Sockch'o City: Sorak Park Hotel and Casino

As well as these South Korea casinos, additionally, there are horse racing tracks in Busan, Cheju City, and Seoul. Eight of South Korea's casinos are situated on the resort island of Chuju, while one other casinos come in the capital and larger cities.

The South Korean Government is so keen to limit their citizens'ability to gamble that not merely does it, as above, make an effort to turn off Korean language websites, it also attempts to block them from even being seen within the country. There have already been several attempts to produce it illegal, or at the very least stop the practice of people using credits cards issued in South Korea to 토토사이트 gamble elsewhere.

Gambling is without doubt certainly one of the most popular pastimes on the planet. However with its potentially addictive nature and the social consequences that this could entail it has been deemed illegal in several countries across the world. As in most of Asia gambling in South Korea is, in principle, illegal. It states in the Criminal Act, Article 246 that anyone who gambles or bets for the purpose of gaining property will probably be punished with a fine all the way to 5 million Won. Article 247 prohibits the opening of a place for the usage of gambling for a gain and sets a punishment of imprisonment for only 3 years or perhaps a fine all the way to 20 million Won.

This law isn't an umbrella exclusion of gambling and, in Korea you, you can still gamble under restricted circumstances - an example being for the promotion of tourism. There's already been laws enacted allowing gambling in certain circumstances.

For instance:

a. Casinos

The laws vary for foreigners and Korean citizens. Since it stands at this time the Special Act on the Help the Development of Abandoned Mine Areas allows the running of the sole land based casino in Korea that Korean citizens may enter. It is found in Gangwon province, within an abandoned mining district, the remote countryside helping to help expand restrict access for Koreans.

For non-Korean citizens the Tourism Promotion Act offers permission for hotels to use casinos that only foreign nationals are allowed to enter. Such casinos are running in Seoul, Incheon, Jeju Island and are heavily supervised by the Ministry of Culture and Tourism.

b. Lotteries

There are 2 lotteries open to Korean citizens the Lotto and the Toto ( a sports lottery). The operation of and selling of tickets are regulated underneath the Lottery Fund Act.

c. Racing

Horse racing and betting at the venues is permitted underneath the Korean Horse Affairs Association Act and comes underneath the jurisdiction of the Ministry of Agriculture and Forestry.

Other race sports are also legal and regulated, these include cycling and motor boat racing although these both come underneath the jurisdiction of the Ministry of Culture and Tourism.

d. Online Gambling

This really is currently a gray area as Korea does not have relevant laws for the specifics of online gambling. Arguments can be created for both parties - like, the monetary transactions will be taking place beyond Korean jurisdiction so can in no way be susceptible to Korean law, hence it's very unlikely your money will be seized by anyone. However the finish user continues to be in Korea so might be susceptible to the national laws that affect general gambling. The National Police Agency has established the Criminal Activity Investigation Team to help control any potentially unlawful online activities, including gambling. This certainly implies so it will be'considered'illegal; although at present no cases have already been brought to try this.