While many Asian countries, including Macau and Singapore, are engaged in fierce competition to foster the casino industry through the development of complex resorts, Jeju is also drawing keen attention as the system is being overhauled to foster casinos as an industry.

In addition to 바카라사이트 -related experts, the Jeju Special Self-Governing Council's standing committee also agrees to foster complex resorts including large casinos, a global tourism trend, on the condition that permits and management conditions are strengthened.

The Jeju Provincial Council's Culture, Tourism and Sports Committee (Chairman Lee Kyung-yong, Independent, Seohong, and Daeryun-dong) held the first meeting of the 378th regular meeting on the 22nd and revised the Jeju Provincial Government's revised ordinance on the management and supervision of the casino business (hereinafter referred to as the revision of the casino management ordinance).

The revised ordinance has created a clause requiring the casino industry to conduct an impact assessment before applying for permission if there is an application for permission or change following the establishment, relocation or expansion of the casino business.

Subject to the impact assessment are those who want to obtain new permits for the casino business, changes in the location of the sales office, and those who exceed twice the existing area by combining the size of the increase and the existing size.

Casino operators subject to impact assessment must prepare a casino industry impact assessment and submit it to the governor of Jeju Island by 60 days before applying for permission or change permit.

If the ordinance passes the plenary session on December 16, it is expected to be applied to Dream Tower casinos for the first time.

Earlier last month, the Moon Kwang-wi rejected the revision of the Casino Management Ordinance, which was initiated by Representative Lee Sang-bong (Democratic Party of Korea, Nohyeong-dong, Jeju-si), to block the relocation and formation of existing casinos in Jeju.

In addition, the committee will hold its fourth meeting on the 27th and adopt a government resolution calling for the introduction of a casino business renewal permit system.

The casino business renewal permit system is a system that determines whether to re-authorize the casino business at each renewal point in order to solve problems with permanent licenses, which is currently included in the Jeju Special Act's seven-step system improvement plan.

Meanwhile, the "2019 Jeju International Casino Policy Forum" on the 12th of this month also raised the need to improve its image by introducing complex resort contents to secure competitiveness in the casino industry in Jeju.

The casino industry in Jeju has been mired in a slump due to a severe recession.

The THAAD crisis from China has been prolonged, and unfavorable factors such as the Korea-Japan economic war have not disappeared, further dimming the prospects for the future.

According to the Korea Casino Business Tourism Association on the 27th, sales of eight foreigner-only casinos in Jeju in the first half of this year amounted to 92.2 billion won, a sharp drop of 345 billion won from 437.2 billion

Landing Casino (area 5581 square meters) in Shinhwa Historical Park, the largest in the province, posted 369.4 billion won in sales in the first half of last year, but only 24 billion won was less than one-tenth this year.

Asian countries are creating complex resorts that combine casinos, hotels, shopping centers, convention centers, and concert halls, but seven casinos in the province, except for Landing Casino, are operating on lease some areas of the hotel.

It has been leading to a drop in sales as its business operations are small and its ability to attract customers is also falling.

In fact, a casino in Seogwipo, which has 115 employees, posted an operating loss of 27 million won for the month of June. Its first-half sales stood at 2.5 billion won.

On the other hand, Farada in Yeongjongdo, IncheonIsCity posted 161.7 billion won in sales in the first half of this year, compared with total sales of 92.2 billion won at eight casinos in the province.

Although Paradise City's sales area (8,726 square meters) is the largest in Korea, it is analyzed that the combined resort effect is the reason why it achieved sales growth in just two years after its opening.

Paradise City has a variety of tourism and entertainment facilities, including hotels and casinos, conventions, spas, theme parks, shopping malls, exhibition halls and clubs, on the 330,000m2 site.

Over the two-year period, the cumulative number of visitors reached 2.5 million, leading to increased sales as overseas VIPs visited the country.

An official from Jeju Island said, "The casino industry linked to the complex resort is one of the pillars of the tourism industry, but some provincial residents do not seem to be aware of it properly," and added, "Although internal and external promotion of the Jeju casino industry is important, self-rescue efforts are also needed."

Meanwhile, the tourism promotion fund, which pays 10 percent of the average casino sales, has fallen to less than 20 billion won this year from 47.1 billion won last year, also affecting the growth of the Jeju tourism industry.

Sales of casinos in eight sadcasino.com in the province remained at 176 billion won in 2016 and 178.8 billion won in 2017, but enjoyed a sparkling special offer of 511.1 billion won in 2018 when Landing Casino opened in February last year. But this year, sales are going downhill with half-cuts.