Entrepreneurs working in the entertainment industry are constantly looking for new, profitable markets. The launch of a gambling business in Hanguk is the best option. The gaming industry is developing here gradually.
The level of competition in this market is fairly moderate. At the same time, Korea always stands out from many other Asian countries thanks to its high economic indicators. Find out more about this prospective region.
Financial analysts note the huge potential of the considered market. Korea is located close to one of the largest centres of the entertainment industry, Macau. The land-based gambling business in Hanguk has brought more than $150 billion in net income to the country's budget over the past 5–6 years. The gaming field's revenue during this period grew by an average of 5%. In 2020, casino turnover grew by 17%.
It is assumed that the profitability of the virtual sector significantly exceeds the income of web establishments. Internet projects working in the gambling business in Korea are registered in foreign jurisdictions. Therefore, it is difficult to determine the exact amount of online operators’ revenues.
The gaming sphere is regulated at the national level here. The minimum age of players is 19 years old. Operators working in the gambling business in Hanguk are required to check the identity documents of punters to verify their age. According to official figures, more than 5 million people visit Korean gaming clubs and casinos every year. About 2 million visitors are foreigners.
Under the South Korean gambling laws, the local citizens can visit only one establishment — Kangwon Land. It is located near Seoul, in a mountainous area far from densely populated areas of the capital and important social facilities. The remaining 16 casinos are located in various tourist territories.
The legislation of this state has gone through several essential stages:
The lack of choice in the offline segment has provoked the high popularity of internet projects. Today, it is impossible to open an online betting portal in Korea or launch a virtual casino with a local licence. Nevertheless, lots of internet resources are operating on the territory of the country. They are registered in such foreign jurisdictions as:
Entrepreneurs from the USA, Europe and other Asian countries have long viewed Korea as an ideal option for the profitable investment of their financial assets. What are the main aspects of Hanguk’s market attractiveness?
Here are some significant advantages:
To become a successful entrepreneur and open a casino in Korea, an operator should:
Find a profitable area
Local users are fans of various gambling fields: poker, roulette, slots, lotteries, etc.
Define the most attractive and interesting area for yourself and open a virtual project in this niche
Get a permission document
To launch a turnkey casino in Hanguk and work here legally, you have to obtain a licence.
Choose a jurisdiction that offers the most favourable conditions for receiving a permit
Buy casino software in Korea
Turn to reliable suppliers to purchase interesting and exciting entertainment content. High-quality solutions will immediately interest many solvent clients
Attract a high-income audience
Catch the attention of potential consumers with promotions, bonus programs, and valuable prizes.
Engage celebrities and influencers in the popularisation of your turnkey casino in Korea. Use the services of affiliate networks to achieve the desired result as quickly as possible
Retain promising customers
Keep the public interested with the help of special promotions and sweepstakes for loyal clients. Reward active punters for specific actions and attracting new users
Entry into a new, unfamiliar market is always a kind of challenge for an operator. In order not to risk your finances, we recommend you to enlist the support of specialists in the process of your online project development.
The purchase of a turnkey casino in Korea will bring you such benefits:
Buy an online casino in Korea as a turnkey package to enter the entertainment market and recoup your investment in just a few months.
Hanguk is a country that compares favourably with many Asian states and has good economic conditions. The high demand for gaming services and the possibility to work freely with offshore licences encourage many investors to buy turnkey casinos in Korea.
It is beneficial to work in this market because of:
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