Industry leaders call for regulatory reform and stronger non-gaming attractions as competition intensifies.
 

Key Points

Korea's casino sector faces growing competition from Japan's Osaka IR

Operators are seeking regulatory reforms to improve competitiveness

Experts say resorts must expand beyond gaming to attract visitors
 

Korea’s integrated resort sector is facing growing pressure to adapt as Japan moves forward with its large-scale Osaka integrated resort project, prompting industry leaders to push for regulatory reforms and a broader transformation of the local tourism landscape.

As reported by The Korea Times, industry executives, academics, and tourism experts recently gathered in Seoul to discuss strategies for maintaining Korea’s competitiveness once the Osaka development begins operations.

The Osaka project, backed by MGM Resorts International, Orix, and a group of local investors, represents an estimated investment of approximately ¥1.51trn (US$9.5bn). The resort is expected to attract around 20 million visitors each year, including both domestic and international travelers.

Participants at the forum emphasized that the Japanese development is designed to function as more than a casino destination. In addition to gaming facilities, the project aims to serve as a hub for conventions, exhibitions, business events, entertainment, and tourism.

Korean casino operators expressed concerns that the new resort could divert tourists and spending away from Korea. Representatives from Grand Korea Leisure and Kangwon Land highlighted the challenges posed by lengthy administrative procedures and approval processes, arguing that greater flexibility is needed to modernize facilities and respond more quickly to market changes.

Beyond regulatory issues, experts stressed the importance of changing public perceptions of integrated resorts. Several speakers noted that casinos in Korea continue to be viewed primarily as gambling venues, despite their broader contributions to tourism, employment, and local economies.

Industry observers argued that future success will depend on expanding non-gaming offerings, improving accessibility, and creating family-friendly entertainment experiences. They also called for stronger government support to help integrated resorts become a key pillar of Korea’s tourism strategy as regional competition continues to intensify.

 

 

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