A SYNOPSIS of Online Casinos in North Korea
Recently I had a fascinating e-mail exchange with a seasoned South Korean investor who’s doing his homework on potential overseas investments in South Korea. He was telling me about his contacts and the big multinational companies he works together with. I’ve also asked him if he had any investments in North Korea. Of course he did, so I will give you his take on this and more.
One reason that it is at least a possibility that there may be some casino Korea entrepreneurs who conduct transactions with foreign currency is because often times they’ll be depositing the funds for the banks to their respective accounts in the united kingdom of the individuals they are doing business with. Needless to say, there are many other explanations why this might happen. The casinos themselves run virtually the same business model as the ones in Macau and Hong Kong. But what is unique to the Korean casinos may be the lack of any regulation. This leaves all transactions between players available to any kind of South Korean currency.
There’s one known phrase covers the majority of the North Korean issue which has related to the influx of forex into the country through casinos and the industry. The phrase is “it’s alright if you play with the North Korean currency”. It is possible to hear the attitude in the stories from defectors. The North Korean government does not interfere with anyone’s right to operate a casino in its territory. However, the majority of the defectors will probably not be familiar with this and won’t be able to enjoy their gambling options in a manner that they might like. So their advice to the foreigner player would be to play within the legal framework in the country.
There are actually several routes you can take as soon as you reach the Korean peninsula. A few of these include regular tour and travels and others include gaming options of the best online casinos in the region. If you choose the latter option then you must be aware that this route comes with a lot of risks and challenges. While you can find other countries that border the Koreas and China are actually regarded as the major players when it comes to the gambling games in Asia.
Many say that once you start playing in another of the online casinos in the region you will discover out that the experience is very much like playing for real at the casinos in Vegas, Atlantic City or Macao. Put simply, it will basically be like a “virtual casino”. For the foreign players especially those who have just started their trips addititionally there is the risk of getting “skimmed” by hackers who would like to steal information from new players. As of now however, North Korea is thought to be the only county which has developed a casino industry and one of the most famous may be the one in Macau. However, it still remains to be seen how the situation will establish in the future.
The casinos in North Korea do not operate with the same amount of integrity because the ones in Macau and Las Vegas. This is because, as previously mentioned, the players are mostly those people who are already familiar with the techniques of playing real cash. North Korean workers usually do not play online casino games using real cash, instead they utilize the currency referred 인터넷바카라 to as the won, which is equivalent to North Korean won. Addititionally there is the possibility that some of the North Korean players who travel to other countries might not necessarily be real people but rather computer generated programs.
The most popular among the online casinos in North Korea will be the Kaeksang Casino and the Ryugan-Ginseng Palace. The Kaeksang Casino is famous for its high-quality of gambling also it even offers special training courses to its patrons. The Ryugan-Ginseng Palace is another popular resort that offers its guests the opportunity to play various casino games with the use of real money. Both of these resorts, together with the others around the world, are a clear testament of the continued existence of the black market industry that existed in the country until it had been suddenly legalized in 1998.
The legalized online gambling games in North Korea serve the purpose of allowing the North Korean business to improve the conditions of its workers. However, the primary aim of the online gambling games in North Korea is, as mentioned, to create income for the country’s government. Thus, the currency exchange between your currency of the South and that of the North Korea can be used as well. At the end of the day, the currency of the north can easily be used as well, because of the efforts of the south Korean businessmen to help their country.