Korea Tries to Woo Chinese Gamblers

Korea plans on building a new casino that will focus on Chinese gamblers:

“South Korea is betting on a new US$120 million casino project to lure more Chinese gamblers to a market that has traditionally focused on Japanese high-rollers.

“There are currently 13 casinos in South Korea that draw about 600,000 gamblers a year, mostly Japanese and Chinese.

“With about a half billion dollars in annual revenue, South Korea’s casino industry is still far behind the former Portuguese colony of Macau, which is about to surpass Las Vegas as the world’s richest gambling venue. Macau reportedly attracted 16.7 million visitors last year who spent about $5 billion.