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Regardless of the recent step-up in police captures and convictions, illegal gambling continues to be a thriving business in South Korea. The federal government has gradually relaxed or repealed physical gambling laws through the years, however it continues to ban citizens from betting at casinos within its borders — and even those in foreign countries which they visit (under the ‘Habitual Overseas Gambler’law).

In response to this trend, Las Vegas Sands has made clear so it remains thinking about establishing an integrated resort in Busan. Last September, Sands managing director of global development George Tanasijevich said the company would invest up to 5 trillion won in such a resort near Busan’s Jamsil Stadium, one of many venues for the 1988 Olympic Games. But he also warned that the project won’t proceed unless the government eases a long-standing ban on local play.

Most online casinos that accept Korean players will offer a selection of payment methods. These will include ewallets, credit and debit cards. The majority of these options don’t require the player to reveal any personal details, which will be perfect for players who wish to keep their gaming activities private. Many sites also accept Bitcoin and other cryptocurrencies, which is often helpful for folks who want to stay completely anonymous when playing online.

It’s unlikely that will happen soon. The ban on locals has depriving the country’s citizens of personal experiences that may offset gambling’s negative image, says Jeju National University sociologist Jun Pyo Kim. And additionally it is keeping the economy from leveraging an increasing population of leisure tourists.

A fresh entrant to the marketplace would face stiff competition from existing operators such as for instance Kangwon Land, that includes a monopoly on local play and generated a lot more than $1.28 billion in gross gaming revenue in 2013 (GGR), a figure that accounted for approximately 80 percent of all country’s foreign-only casinos’revenues.

The upcoming integrated resorts will have to rely more on non-gaming attractions in order to thrive. They’ll also need to provide competitive prices. But it is unclear whether that’ll be enough to attract locals, who’re already flocking to neighboring Japan for its first ever legal casinos.