The development in Chinese tourism has piqued investor interest in casinos, which haven’t historically been a important source of revenue, according to Yang Gi-cheol, head of the Jeju government’s tourism bureau. Half the island’s eight casinos are Chinese-owned and like every Korean casino except 1 in Gangwon province, all are off-limits to Korean citizens. Jeju Shinhwa’s key competitor on the South Korean island is anticipated to be Jeju Dream Tower, a 38-floor hotel with a casino and purchasing that Chinese builders are erecting close to the airport. The projects could be game changers for the island compared to the casinos that existed prior to, Grant Govertsen, head of Asia equity analysis at Union Gaming, said in a telephone interview from Macau. "It was ridiculous that the government granted expansion approval to Landing based on the belief that Landing would aid locals," said Hong Young-cheol, Heylookielookie.Com at environmental group JSPSEP. InterGaming is the leading magazine covering the international land-primarily based casino and gaming industry. South Korea has granted a license to a consortium led by U.S. casino operator Mohegan Sun to build an integrated resort project in Incheon, just west of Seoul. The South Korean casino industry caters mainly to vacationers as locals are banned from getting into casinos.

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