Race for new Korea casinos heats up

The government has sharpened the competition in Korea’s casino license contest that attracted 34 contenders for two licenses in round one. In the final leg, anyone can apply for any of the nine potential resorts sites, minimum investment 1 trillion Korean won (US$850 million).

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.