Online Casino Market in Korea - Best Blogs Asia

Online Casino Market in Korea

Jun 24th, 2010 Affiliate Programs 3 Comment

I had a strange request yesterday from an even stranger guy called Sebastian Kainam, to write about online gambling preferences and the potential market in Korea. Having researched Asian casino programs in the past, I looked into the growing market of Korean internet gambling.

Korean Casino Market

There are 17 casino’s in Korea, all open to foreign nationals except Kangwon Casino, which is for local citzens only and is the only place to play blackjack, baccarat, sicbo or roulette. As for gambling online, it’s illegal in Korea but very popular. The lack of protection by Government and online addicts who spent alot of time glued infront of their computers – see this report on Korean Gambling Habits.

According to Korea Leisure Industry Consulting, the total betting amount of Gangwon Land, the nation’s only casino for Koreans is estimated to reach the equivalent of US$2.3 billion and in general the gambling industry is expected to rise to a value of US$8.8 billion.

Gambling Software

Innoco seems to be the only software available to Koreans. Popular software like Livedealer isn’t “really allowed” , as the act of gambling in a ‘common betting house’ is illegal, which means that online gambling should also be illegal. Legislation in Asia has generally not been amended to include internet websites within the definition of what constitutes a common betting house…

Very few online casinos support software in the Korean language, however, this is starting to change with more software providers translating their casino user interfaces into Korean.

Popular Korean Online Casinos

Recommended sites by Livedealer are Bodog and Bet365 since they do not have restrictions on Asian signups and support popular gambling like including blackjack, baccarat, sicbo, roulette and Asian roulette.

Other popular casinos that are online and supports Korean languages are:

Royal Vegas Casino
Offers a $1200 welcome bonus. Supports $/CAD/UK Pounds/Euros. New promo – 300 free spins.

River Belle Casino
Owned by the Belle Rockgroup, 100% up to USA$/CAD/Pound/Euro 100 free.

Winner Casino
Offers online gambling players a 100% first deposit match bonus up to $300 free and a further bonus worth up to $2000.

Wild Jack Casino
One of the top Microgaming powered gambling sites in our guide, and offers a 100% up to $100 bonus and great competitions.

888.com Online Casino
Probably the most well know international online casino brand, new players qualify for a bonus of 100% up to $200 (or Pounds / Euros) when they join.

Casino Las Vegas
Offers a 100% up to $100 bonus on your first four deposits.

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