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Old June 2nd, 2015, 04:40 PM   #341
humptydumpty7
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btw. that's what Sands wanted to build in the Olympic Stadium
(3 hotels, a huge casino and a cenvention center)

Based on its ..interesting.. design it would have defenitely attracted lots of chinese tourists
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Old June 2nd, 2015, 05:36 PM   #342
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I'M SO GLAD this isn't going thru!

It's so tacky...
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Old June 3rd, 2015, 07:20 AM   #343
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Actually very happy Seoul mayor pushed back against this! This looks horrific and would have been a blight on Seoul's cityscape
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Old June 3rd, 2015, 12:57 PM   #344
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Actually very happy Seoul mayor pushed back against this! This looks horrific and would have been a blight on Seoul's cityscape
That is made by korea journal(chosunilbo) not by sands official. Did u think SANDS CEO bring above rendering and flying over pacific sea to seoul cityhall? U kidding me? Seoul mayor kick out not above rendering but $10 billions.

U don;t understand what I'm saying?
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Old June 3rd, 2015, 02:39 PM   #345
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yea i don't think that above pic would have been the final design. probably it would have been something different.

I found an interesting article about the project, especially this part:

Quote:
Sands Corp.: "A casino that allows local residents would be a necessary element for our business model [...]".

Thus, to ensure that we are able to attract a large number of foreign visitors to these facilities, it is critical that domestic entry (for Koreans) on a restricted basis is possible."
Quote:
While public sentiment still remains negative over the gambling industry, the government has been cautiously softening regulations [...]

In a bid to lower legal hurdles for foreign investors, the tourism ministry said it will introduce a bidding system for selecting casino operators next year.
Attempts or discussions to legalize gambling, however, have faced strong backlash on concerns over potential gaming addition.
So what do we conclude?
1. Sands demanded an opening of the planned casino for Koreans (currently Koreans are not allowed to gamble in casinos) --> requires changes of laws and regulations

2. It seems politically difficult to legalize gambling for Koreans that quickly (juristiction on a federal level (ministry of tourism), emotional discussions and negative public sentiment)

I hope this brings some insights into why this project is not that simple to realize.

full english article: http://english.yonhapnews.co.kr/busi...04900320F.html
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Old June 3rd, 2015, 03:04 PM   #346
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Quote:
Originally Posted by humptydumpty7 View Post

yea i don't think that above pic would have been the final design. probably it would have been something different.

I found an interesting article about the project, especially this part:





So what do we conclude?
1. Sands demanded an opening of the planned casino for Koreans (currently Koreans are not allowed to gamble in casinos) --> requires changes of laws and regulations

2. It seems politically difficult to legalize gambling for Koreans that quickly (juristiction on a federal level (ministry of tourism), emotional discussions and negative public sentiment)

I hope this brings some insights into why this project is not that simple to realize.

full english article: http://english.yonhapnews.co.kr/busi...04900320F.html

proper news article

If we talk about this casino issue then this hyundai thread full with off topic.

So i in short one words
national korea government and president of korea try to open casino to korean people too. especially yongjongdo
also at the moment there are open casino in gangwondo of korea. u know that name that is 강원랜드 kangwonland. SO why not sands casino?
is Seoul north korea? No

but seoul mayor used to conflicted with government
for example korea air line 5 star hotel project(CBD) 10 years stopped by seoul mayo due to nearby high school.
even president of korea public speaking to approved construction hotel he opposite,

anyway casino is world big tour business. USA even marina bay sands of singafore approved open casino.
Is korea more moral country than singapore? I don't thinks so. casino is just excuse. that moneky just don;t want to development of seoul city.
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Old June 3rd, 2015, 03:39 PM   #347
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Quote:
Originally Posted by inno4321 View Post


u know that name that is 강원랜드 kangwonland. SO why not sands casino?
Ask the Korean government and the relevant ministry. The mayor can't change the law, can't he?

Kangwon-land is a state-run casino, far away from Seoul, under government control. It was a one-time project. But Sands is a private company.

Sands could open just for foreigners like all other casinos, but they didn't. Why should the whole country change their law just so one foreign company can make maximum profit?
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Old June 3rd, 2015, 04:06 PM   #348
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Now on to the bigger question... who the hell designed this project. One of the ugliest thing I've ever seen. So tacky. This ain't Azerbaijan, son...

Glad it got scrapped for a classier project.
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Old June 3rd, 2015, 06:55 PM   #349
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Las vegas SANDS group's project in BUSAN
They GO TO BUSAN after kick out by seoul mayor
But BUSAN mayor welcome them

Quote:
Originally Posted by humptydumpty7 View Post
Ask the Korean government and the relevant ministry. The mayor can't change the law, can't he?

Kangwon-land is a state-run casino, far away from Seoul, under government control. It was a one-time project. But Sands is a private company.

Sands could open just for foreigners like all other casinos, but they didn't. Why should the whole country change their law just so one foreign company can make maximum profit?

This thread HYUNDAI 571M not casino thread
also u totally don't know about Korea's government policy
Why I persuade u about your ignore? My time is precious.
OK If u really want to know about casino issue then u make thread in ssc somewhere then I will talk with u until u understand well.

Did u know? SANDS group CEO go to BUSAN CITY FOR investment $ 5 billions.
Guess what happen? Busan mayor Kick him open casino Project and kick $5billions such like seoul mayor did?

NO
"World best Casino company sands group express investment in 북항재개발 of BUSAN. So I gonna do my best for this project's success" say 서병수 BUSAN MAYOR
Understand? http://news20.busan.com/controller/n...20150224000077
http://www.newsis.com/ar_detail/view...0811&pID=10800

I let u know that maybe u don;t know about busan.
BUSAN is korea city under the influence same korean law. lol

In your opinions BUSAN mayor don;t know anything about casino policy and korean law than u. So He welcome SANDS group in BUSAN?

Same country One investment Two different mayor opinion Ridiculous isn;t it?
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Old June 4th, 2015, 01:46 PM   #350
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Quote:
Originally Posted by inno4321 View Post
BUSAN is korea city under the influence same korean law. lol
Exactly. That's why:
No change of the law --> no Sands casino.

And here's why its unlikely to change the law:

Quote:
South Korea is unlikely to accede to Sands’ requests (open casino for Koreans), for the main reason that the other international casinos would immediately demand equal treatment.
Besides, South Korea’s stated goal in opening up its casino market to international investment was to boost international tourism, not to increase domestic spending on gambling.
source

SK government wants revenue from foreigners, and NOT to increase gambling and household debt of Koreans.
Busan mayor can try to convince the central government, but good luck with that...
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Old June 4th, 2015, 04:10 PM   #351
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Quote:
Originally Posted by humptydumpty7 View Post
Exactly. That's why:
No change of the law --> no Sands casino.

And here's why its unlikely to change the law:



source

SK government wants revenue from foreigners, and NOT to increase gambling and household debt of Koreans.
Busan mayor can try to convince the central government, but good luck with that...
BUSAN MAYOR positively accept SANDS investment

Furthermore ONE of utmost MORAL advanced country the Singapore approved Las Vegas SANDS's OPEN casino in marinabay. Singapore citizens can go there with some entrance fee.
You know SINGAPORE changed their strict law for Sands company OPEN CASINO!
Is singapore less moral and less lower and less undeveloped city country than SEOUL korea? So they approved and accept SANDS's investment?
Can we blame that they give some profit and privilege to FOREIGN PRIVATE COMPANY?

NONSENSE!

Onethings is sure that Seoul mayor kick out $10 billions investment in Seoul
However BUSAN mayor accept that! BUSAN AND SEOUL belongs to same country in korea peninsular!
Now HYUNDAI 571M project almost got in maze due to Seoul mayor's greedy $2 billions!
why refuse $ 10 billions but try to steal $ 2billions?

As I am SEOULITE what can i do for won sung e?
Am I have to applause to him who kick $10 billions and end up stalled HYUNDAI 571M PROJECT?

Absolutely NOT!
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Old June 4th, 2015, 06:09 PM   #352
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Inno, why aren't you more angry at Hyundai, itself, for sitting on so much cash? They have hundreds of billions of USD that they could spend on hiring researchers and developers, in Korea, to improve their vehicles, creating lots of high-paying jobs for Koreans inside Seoul and throughout the whole country. Instead, they "generously" give $10 bil. USD to a government agency to help lower its debt, creating only a few, short-term, low-paying construction jobs.

Besides, no, I don't think Singapore is a very "moral" country. They treat their immigrants like servants, with terrible pay, and there is no social safety net there, at all. Singapore is, in that way, more exemplary of the worst aspects of Korea than the better ones.

P.S. Humptydumpty, we're poking the innobear .
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Old June 4th, 2015, 06:22 PM   #353
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Inno,

P.S. Humptydumpty, we're poking the innobear .

Look what a coward Your ad hominem is useless for me.

If you want write your political opinions u write on your diary.
Also PREACH to HYUNDAI CEO Am I HYUNDAI CEO?
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Old June 4th, 2015, 07:45 PM   #354
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If you want write your political opinions u write on your diary.
Are you kidding us?

Half of the Lotte World thread is full of your immature political views on the mayor.
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Old June 5th, 2015, 02:15 AM   #355
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If you want write your political opinions u write on your diary.
Also PREACH to HYUNDAI CEO Am I HYUNDAI CEO?
I have no leverage over Hyundai. By contrast, you, as a Korean, do: you can vote for a politician who is less willing to do whatever Hyundai (and all the other chaebol) want them to, under the threat that unless Hyundai (and Samsung, and LG, and POSCO, etc.) start really motivating the Korean economy again, someone else will be found to do it.

The only role I can play is to convince you that its in both your own and your nation's interest to act against the chaebol and the oligarchic, neoliberal nature of Korea's economy. At this point in our "relationship", I don't hold much hope for it, but I'm not one to give up on a lost cause.
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Old June 5th, 2015, 02:26 AM   #356
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Quote:
Originally Posted by KøbenhavnK View Post
Are you kidding us?

Half of the Lotte World thread is full of your immature political views on the mayor.

such a pity! lol

Quote:
Originally Posted by aquaticko View Post
I

OK bro U very cleaver man and brainy guy.
OK When I met HYUNDAI CEO in seoul then I highly recommend u as strategy staff in HYUNDAI MOTORS. Promise

So please enough
This is HYUNDAI 571M thread isn't it? U win bro. admitted it. stop talking about off topic
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Old June 5th, 2015, 03:26 AM   #357
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OK bro U very cleaver man and brainy guy.
OK When I met HYUNDAI CEO in seoul then I highly recommend u as strategy staff in HYUNDAI MOTORS. Promise

So please enough
This is HYUNDAI 571M thread isn't it? U win bro. admitted it. stop talking about off topic
It's not about your personal influence over Hyundai; it's about your influence over the government, and the government's influence over it, and how the government could and should be much heavier-handed with the chaebol, generally. They've had the run of the country for 40 years; it's time to let the generous, hard-working Koreans who put them there take a turn.

And this isn't totally off-topic; we're still talking about Hyundai, and as this is Hyundai's project, it's relevant. Honestly, inno, I'll be happy to see this go up when it does, and I'm anxious to see the designs. I can like the project itself and still think it's not the best use of Hyundai's resources nor the best way for Hyundai to contribute to the Korean economy.
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Old June 5th, 2015, 04:00 AM   #358
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Ity.

AMEN enough.
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Old June 5th, 2015, 01:19 PM   #359
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Quote:
Originally Posted by inno4321 View Post

BUSAN MAYOR positively accept SANDS investment
Yes he accepted!
But it doesn't matter because Sands will only invest if South Koreans are allowed to go to the casino.

No matter if Busan mayor likes the casino, he needs to convince the central government, otherwise the project won't get built.

Singapore has 2 casinos. Korea 17. Very different situation (also demographic and household debt)
What kind of mayor would beg the central government to open all casinos to Koreans and increase gamling addiction and household debt? Just for a fancy new building in Olympic stadium?

Korea wants to increase money made from tourism, not from domestic gambling tax made from their own citizens
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Old June 5th, 2015, 02:48 PM   #360
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Quote:
Originally Posted by humptydumpty7 View Post
Yes he accepted!
But it doesn't matter because Sands will only invest if South Koreans are allowed to go to the casino.

No matter if Busan mayor likes the casino, he needs to convince the central government, otherwise the project won't get built.

Singapore has 2 casinos. Korea 17. Very different situation (also demographic and household debt)
What kind of mayor would beg the central government to open all casinos to Koreans and increase gamling addiction and household debt? Just for a fancy new building in Olympic stadium?

Korea wants to increase money made from tourism, not from domestic gambling tax made from their own citizens

unfortunately U don't know recent Korea government policy about open casino. u saying opposite with korea government thinking!

U goolging about 영종도 카지노 yeongjong casino 선상 카지노 cruise casino and casino of KOREA.
Now korea government and president of korea try to approved OPEN casino.
Now is a period of transition.
Are u sure that SANDS is fools? They know SKOREA follow same path singapore what did about open casino.
So that result is Seoul suggestion.
Seoul mayor's first jobs is not politician but got a chance for prosperity of seoul!
He kicking out chance because that man is belongs to "opposite party". Seoul SANDS kicking was political action! If city treat as political stuff then city's future is the end!
Seoul is global city! Leader must Thinking with global standard!


Sooner or later not only BUSAN but also yeongjongdo/songdo even saemangum and jeju etc all around korea will have casino! Why not Seoul? SEOUL is A holies of holy place sanctum? So kicking out $10 billions? LOL
Remember why we talking about casino problem. that is because this HYUNDAI 571M project got in trouble due to seoul mayor's kicking sands's suggestion.
U read above news article!
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