{"id":50555,"date":"2017-05-18T14:00:50","date_gmt":"2017-05-18T21:00:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=50555"},"modified":"2017-05-18T12:01:54","modified_gmt":"2017-05-18T19:01:54","slug":"south-korean-gaming-market-targeted-by-slots-manufacturer","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/","title":{"rendered":"South Korean Gaming Market Targeted by Australian Slots Manufacturer Aristocrat"},"content":{"rendered":"

The budding South Korean gaming market is enticing casino industry companies\u00a0into rethinking their marketing strategies. Slots manufacturer Aristocrat is the latest, as the Australian game maker is focusing on specialty themes that will appeal to this previously overlooked demographic.<\/p>\n

\"Kangwon
Although only Kangwon Land (shown here), of South Korea’s 18 casinos, allows locals to play, it accounts for more than half the industry’s gaming revenues there, which is one reason slots maker Aristocrat has targeted this specific demographic for a new game. (Image: Korea Times)<\/figcaption><\/figure>\n

At the Global Gaming Expo in Asia this week, the technology provider revealed a\u00a0new offering that targets the South Korean gambler. “5 Kings” is Aristocrat’s first Korean-centered slot machine, with the theme of the game revolving around the country’s mythology.<\/p>\n

South Korea has 18 casinos, but residents are barred from entering all but one. That casino is the Kangwon Land in the Gangwon Province. The state-owned resort is in a remote section of the country built on the mountain of an abandoned coal mine. Despite what may appear to be its unusual location, it’s popular with both locals and tourists.<\/strong><\/p>\n

Kangwon Land accounts for roughly half of South Korea’s total gambling revenue each year. The casino has 200 tables, with the most (72) reserved for baccarat. The floor also has 1,360 slot and video gaming machines.<\/p>\n

Pulling in a Demographic<\/b><\/h2>\n

Aristocrat said its decision to develop a gaming machine that appeals primarily to Koreans was in response to a\u00a0growing\u00a0number\u00a0of citizens from the country traveling to foreign casinos. The company says South Korean players are increasingly occupying seats in other Asian nation casinos, primarily in Vietnam and Macau, the latter being China’s special gambling\u00a0enclave.<\/p>\n

\n

And Aristocrat isn’t the only gaming manufacturer looking at South Korea. Sega Sammy is bidding on the market in a much more substantial way.<\/p>\n

The conglomerate, which is headquartered in Tokyo, \u00a0recently opened South Korea’s first integrated resort, Paradise City<\/a>, in Incheon. That property, which is open to foreign players only, cost $1.2 billion, which Sega Sammy self-financed at 45 percent. Paradise Group, a Singapore company, paid the rest in with a 55-percent ownership stake.<\/p>\n<\/div>\n

Sega Sammy hopes its integrated resort partnership in South Korea will help its chances of landing one of Japan’s\u00a0two forthcoming commercial casino licenses as well.<\/p>\n

Global Gambling Directives<\/b><\/h2>\n

South Korean law bans its citizens from entering casinos, aside from that Kangwon Land exception. That technically includes when residents travel abroad, but of course, the country’s law enforcement arm doesn’t extend internationally.<\/p>\n

Upon return, however, Koreans can\u00a0legally be prosecuted if proven to have gambled overseas. And although it’s not common, it does happen. In 2016, the Korean Baseball Organization, the highest level of the sport in South Korea, suspended two veteran star pitchers for allegedly gambling in Macau, for example. The players were also fined.<\/p>\n

And last week, news broke that South Korean pop celebrity Jung Jin-woo<\/a> was headed\u00a0to prison for one year. The former “K-pop Star” admitted to gambling online, while trying to pin the blame\u00a0for his actions on his own stepfather when talking to federal authorities.<\/p>\n

\n

Article 246 of \u00a0South Korea’s Criminal Act states, “In principle, any gambling activities (or speculative activities) are prohibited in Korea.” The law goes on to say that the decree “punishes a person who violates this provision by imprisonment of not more than three years or by a fine not exceeding twenty million won,” or roughly $17,000.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The budding South Korean gaming market is enticing casino industry companies\u00a0into rethinking their marketing strategies. Slots manufacturer Aristocrat is the latest, as the Australian game maker is focusing on specialty themes that will appeal to this previously overlooked demographic. At the Global Gaming Expo in Asia this week, the technology provider revealed a\u00a0new offering that […]<\/p>\n","protected":false},"author":42,"featured_media":50598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60,18],"tags":[],"acf":[],"yoast_head":"\nSouth Korean Gaming Market Targeted by Slots Manufacturer Aristocrat<\/title>\n<meta name=\"description\" content=\"The South Korean gaming market is attracting eyes from gambling entities around the world, the latest being slots manufacturer Aristocrat Leisure.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korean Gaming Market Targeted by Slots Manufacturer Aristocrat\" \/>\n<meta property=\"og:description\" content=\"The South Korean gaming market is attracting eyes from gambling entities around the world, the latest being slots manufacturer Aristocrat Leisure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-18T21:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-05-18T19:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/05\/Kangwon-Land-South-Korean-casino.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/\",\"url\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/\",\"name\":\"South Korean Gaming Market Targeted by Slots Manufacturer Aristocrat\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/05\/Kangwon-Land-South-Korean-casino.jpg\",\"datePublished\":\"2017-05-18T21:00:50+00:00\",\"dateModified\":\"2017-05-18T19:01:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The South Korean gaming market is attracting eyes from gambling entities around the world, the latest being slots manufacturer Aristocrat Leisure.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/south-korean-gaming-market-targeted-by-slots-manufacturer\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/05\/Kangwon-Land-South-Korean-casino.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/05\/Kangwon-Land-South-Korean-casino.jpg\",\"width\":450,\"height\":299,\"caption\":\"Although only Kangwon Land, of South Korea's 18 casinos. allows locals to play, it accounts for more than 1\/2 the industry's gaming revenues there, which is one reason slot maker Aristocrat has targeted this specific demographic for a new game. 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