Jeju has become a bit like Macau in South Korea. As with Macau in China, the island of 634,000 people off the country’s southern coast is one of the few places in the country where casino gambling is allowed – and that only applies to foreigners.
The island boasts several casinos that cater only to non-Koreans, as most casino gambling, even while outside the country, is illegal for South Korean citizens. And now it seems that the majority of islanders have doubts about this industry in their own backyard.
A recent study found that 50% of Jeju residents believe that casinos have caused an increase in crime and 51% believe there should be stronger regulation of the industry.
Interesting casino environment
Jeju has become an attraction for Asian casinos in recent years. Until the World Poker Tour Hosting events have begun at Jeju Shinhwa World Casino, with the next event scheduled for March 28. Triton Poker has also held high level events in Jeju as well.
The casinos on the island cater to wealthy Chinese gamblers. But unlike Macau, Korean citizens cannot gamble on real estate. The country allows sports betting, lotteries and betting on horse races, but those looking to bet at the casino only have one option – Gangwon Land Casino, located about 90 miles from Seoul.
Jeju properties are banned for gamblers in South Korea. At the same time, the Korean government worked to cater to wealthy foreigners and develop industry on the island.
Mixed feelings among locals
The casinos on the island are owned and operated by the provincial government, and a recent survey indicates that not all Jeju residents are Fond of features.
The report found that 52% of respondents said casinos have a negative impact on the environment by “creating waste, noise pollution and traffic congestion,” according to the report. Korean Times. Another 55% believe the industry has had a negative impact on teens and the educational environment.
Despite some of these sentiments, the survey also found that many recognize the importance of casinos to the island’s economy. About 40% believe gaming properties attract more foreign travelers, increasing total tourism dollars flowing into the economy. About 34% also believe that casinos help create job opportunities for island residents.
While Jeju continues to see growth, Macau has recently regained its position as the world’s top gaming destination, being about twice the size of Las Vegas.
