Jeju Island
It is speculate that Jeju Island could experience a boom of new casinos if South Korea loosens up its gaming regulations. Below is a press release advertising a report on Jeju Island’s potential to be a new casino destination.
A press release:
Research and Markets (http://www.researchandmarkets.com/reports/c86600) has announced the addition of “Jeju Island, South Korea: Asia’s Next Casino Gaming Giant?” to their offering.
A current analysis of the tourism situation in Jeju and an assessment of the island’s potential as an attractive casino gaming and tourism destination.
Jeju Island (a territory of the Republic of South Korea) is now a popular destination for South Koreans, attracting nearly five million tourists last year. A new geopolitical development promises to alter forever the tourism trajectory of this island. As of July 1, 2006, Jeju has been awarded Free International City status – a status similar to that of Hong Kong and Singapore – to boost economic development for the city and the Korean Republic. The author believes that Jeju could become the next significant opportunity for the global casino gaming industry if it is able to take full advantage of its new free city administration status. This includes the creation of a well-regulated and robust environment for multi-billion dollar integrated resort developments that contain casino gaming facilities.
Topics Covered:
* Synopsis Of The Jeju Island, South Korea Opportunity
* Benefits Of A Free International City, Jeju
* Asia Tourism Is The Key For Jeju
* Casino, Airlines And Hotel Lodging Industries In Jeju
* Jeju’s Casino Gaming Potential
* Mice In Jeju Island, South Korea
* Hotel Lodging Sector In Jeju
* Airline Access To Jeju
* Macro Risk Factors
* Conclusions
A description of Jeju Island:
Jeju has a mild oceanic climate throughout the year with the smallest annual temperature range in the country. The temperature for the hottest summer months averages no more than 34.7℃and no less than -1.5℃ for winter.
The island is 73km wide and 41km long with a total area of 1,848 Jeju the largest island in South Korea, came into existence 700 to 1,200 thousand years ago when lava spewed from a sub-sea volcano and surfaced above the waters. Then 100 to 300 thousand years ago, another volcanic eruption formed Mt. Halla. The final volcanic eruption that took place approximately 25 thousand years ago created the crater lake, Baekrok-dam, at the summit of the mountain.
Mt. Halla rises in the center of Jeju to 1950m above sea level. The rest of the island slopes down from its summit and is covered with dark gray volcanic rocks and volcanic ash soil. Relatively isolated from the rest of the world, the island’s nature has been well preserved in its prehistoric state. That is why traveling to Jeju is to travel back in time.
Jeju’s natural environment has been preserved as best as possible. The fantastically shaped rocks decorating the seashores, the hundreds of Oreums(secondary volcanos) and the rarest species of flora around the Baekrok-dam lake are all treasures waiting to be discovered by visitors. One cannot see Jeju unless one looks. It is like seeing only trees before entering a forest.
