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Gambling on the economy

In the 1991 film "Bucksey," starring Warren Beatty and Annette Benning, Bucksy Siegel builds a flamingo, a hotel and casino named after his girlfriend in the desert. Although Siegel is eventually killed by gangsters, Las Vegas has grown into today's internationally famous gambling and tourism hub.

Las Vegas Sands, a Nevada-based casino and resort development company, is frequently mentioned in Busan and Saemangeum development projects. The company is willing to invest 6 trillion won on the condition that it allows South Korean citizens to establish so-called open casinos in the redevelopment area of Busan's northern port. Busan Mayor Seo Byung-soo proposed the plan last month, and the introduction of open casinos began a heated debate at a seminar to develop Busan into a Northeast Asian tourist city on September 8.

Las Vegas Sands also wants to invest 10 trillion won in an open casino in Saemangeum, North Jeolla Province. Kim Kwan-young, a member of the People's Party, proposed a revision to the Special Act on the Saemangeum Development Project to approve open casinos.

Kangwon Land, the only casino in Korea that allows Koreans to enter, opposed the plan, revealing its weaknesses. "Casinos have a significant detrimental effect on the production of gambling addicts, ruining property and leading to secondary crimes," said a statement opposing the proposal.

Kangwon Land was established to revive the village's economy, which is suffering from the closure of the mine, but insisted that other places should not be allowed. City and county members of the Gangwon Provincial Assembly recently met with Chung Jin-seok, floor leader of the Saenuri Party, and asked the ruling party to officially oppose the open casino.

Native American game management is similar to Kangwon Land. In the United States, Native Americans have tribal sovereignty to run casinos, and there are 460 gambling establishments nationwide. Although they help economically, casinos in protected areas are linked to problems such as gambling addiction and lack of motivation to work. According to the New York Times, the number of casinos is increasing and profitability is declining, and Native Americans are looking for new ways to make money.

Lawmaker Kim says the admission fee is 10 times higher than that of Kangwon Land 9,000 won and the problem can be minimized if the number of admission is limited. But will it work? The accessibility of Saemangeum and Busan is incomparable to Jeongseon-gun, where Gangwon Land is located. And if open casinos are allowed in this area to boost the local economy, other regions will want casinos.

Kangwon Land has made a significant contribution to the economy. But it's more than just an economic effect. According to a report by the Korea Institute for Gambling Problems in 2014, gambling addiction and suicide were found to be somewhat related. From 2007 to 2013, the nationwide suicide rate was 28.8 people per 100,000 people, but Gangwon-do Province was 40.8, the highest in the country. We cannot rely on casinos to revive the local economy.

Source: 카지노사이트