Online Poker South Korea

The same restrictions apply to online poker sites with Korean players allowed to participate using only play money. Despite the regulations, Korean poker enthusiasts have found a way to bypass the law and breathe life into the game they love. Throughout the city of Seoul, there is a booming industry of “holdem bars”. On December 4, the AIPoker platform debuted in Seoul, South Korea. This makes it the first online poker room around the world that incorporates artificial intelligence, blockchain technologies and big data. The project itself was announced and revealed at the “99EX Global Launching Conference & Initial Project Launching Introduction”. Triton Poker has postponed this month’s upcoming event in Jeju, South Korea due to the coronavirus outbreak in neighboring China. The Triton Poker Super High Roller Series was scheduled to begin.

I recently had the opportunity to travel to Seoul, South Korea and play in the two casinos in the city that offer poker — the Seven Luck Casino and the Paradise Casino, Walkerhill, also known as the Walkerhill Casino. For poker players who might travel to Seoul, I am today going to share some thoughts about the Seven Luck Casino, then next week I’ll offer a review of the Walkerhill Casino.

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Introducing the Seven Luck Casino

The Seven Luck Casino is housed in an impressive building, with a multi-story sign announcing the casino in huge neon lights. The gambling area, on the other hand, is relatively modest, with just two rooms of gaming tables and machines, a small restaurant, a lounge, and a half-dozen cashiers ready to sell and redeem player’s cheques, change foreign currency, and offer credit.

Visitors must present their passport to friendly guards in the lobby. Gamblers then proceed upstairs to the mixed-use floor that includes dozens of blackjack tables, other table games, and some slots and electronic gaming machines.

At the Seven Luck Casino they have the standard casino games of roulette (American wheel), baccarat, blackjack, Caribbean Stud, three-card poker, as well as an Asian dice game called “Tai Sai” that resembles the American casino game of Sic Bo. Limits on the table games range from about $10 to $5,000. There are also slot machines and, of course, Texas hold’em poker.

Poker at the Seven Luck

There are two poker tables at the Seven Luck, but I only saw one in use during my two visits to the room. At the entrance is a casino staff person standing at a podium who signs players up for the game. There is a hand-written board listing the games, with an occasionally updated waiting list.

The casino personnel will tell you they have (and there are lists for) four different levels of no-limit hold’em games: $1/$2, $2/$5, $5/$10, and $10/$20. (I am writing the stakes in USD, but the unit of currency in Korea is the Won, with a rough conversion rate of 1,000 Won to the dollar.) But the truth is that $2/$5 no-limit hold’em is the only game they regularly have. The range of buy-ins for this game is the broadest I have ever seen for a capped buy-in game, going from $100 to $10,000.

The game runs seven days a week from some time after 5:00 p.m. until it breaks, usually around 5:00 a.m. If you decide to play, I suggest you arrive at or call the room before 5:00 p.m. to get on the sign-up list. I arrived at 3:30 p.m. and there were already four names on it. The tables seat only nine players, and I found that players did not vacate their seats quickly (if at all). So if you don’t get one of the original seats, you might have a long wait to get in a game.

Players get free food from the small restaurant located about 50 meters from the poker table. There is an automated ordering system, where players punch in their meal selections on an electronic display board in front of the restaurant. They then are seated and have their meals brought to them. The prices listed on the menu are waived for active players. I did not sample the food, but it was the general consensus around the table that it was pretty good but not great. Non-alcoholic beverages are served at the table free of charge.

By law, Korean casinos may not admit Korean citizens. Accordingly, the poker game I twice visited was populated by Americans, Europeans, Chinese, and Japanese citizens, some of whom were of Korean descent. From what I observed, I’d say the level of play was relatively tight and passive — this was during the early evening hours of 6:30 to 8:30 p.m. and the early morning hours of 3:00 to 5:30 a.m. Of course there was variation. One player came in, bet insanely for the five hands he was in, and then left the game broke. But for the most part, what I witnessed as an observer and experienced as a player was a primarily sedate affair.

Players started with stacks that ranged from about $300 for the shortest-stacked players to nearly $5,000 for the deepest stacks. The average buy-in for the game I played in was roughly $700-$800. For the most part, the game was played “in English” insofar as all of the betting action was announced by the dealer in English. The only non-English I heard at the table was that spoken by some of the players. Though they spoke English to me, they often spoke some Asian tongue to each other. (I have no idea if there was any rule governing what languages could or could not be spoken at the table.)

The Seven Luck rakes 10% up to $15, plus $1 for the bad beat jackpot. They also offer roughly $1 an hour in comps.

Exchanging Currency

I should share a quick observation about changing currency. The exchange rate offered by the Seven Luck is about 5-10% worse than what is offered by banks or other reasonable currency exchanges in Seoul. This rate was even a little worse than the awful one offered by hotels. But here’s the good news — when you go back to the window after your playing session, to reverse the exchange and turn your Won back into your native currency, you get the same rate you were charged to purchase the Won.

That turns out to be a significant benefit, saving you between 10-20% from the alternative of going to a bank, getting a reasonable exchange, playing poker with it, but then having to go back to the bank, and having to pay the exchange fee again to change your money back. Of course, since you can only do this up to the amount you initially purchased (and requiring a receipt of the transaction), you can’t do this for your winnings. But those you can spend on your vacation, of course, adding to the quality of your trip!

Getting to the Seven Luck

The Seven Luck Casino is located at 58 Teheran-ro 87-gil, Gangnam-gu in Seoul. This Seven Luck should not to be confused with the casino with the same name located at the Millenium Hilton in downtown Seoul which does not have poker. The one with the poker room is at the eastern end of the glitzy and modern part of the city, known as Gangnam, located south of the Han River. It was developed to showcase the city when the Olympics came to Seoul in 1988.

If you’re not close enough to walk, a most convenient way to get to the Seven Luck is by taking the extremely safe, clean, efficient, inexpensive, frequent, and well-signed-in-English subway. The nearest stop to the casino is the Samseong Station on Line 2, only about half a block from Seven Luck. Even if you are not staying near a Line 2 stop, the subway system is fully integrated and easy to understand, making any stop on the extensive line convenient for a ride to this casino. When you get off the subway, head for exit 5 or 6 — especially if it’s cold. They are nearest to the entrance of the casino.

Conclusion

In sum, from what I saw during my three or so hours of play and two hours of observation, the strong $2/$5 player who makes money at the game in his or her home casino would be better than the average player in this game at the Seven Luck Casino. But even with a nice edge on the opposition, he or she might not be sufficiently better to beat the game with its stiff rake.

That said, if your primary purpose for playing poker in Seoul is amusement, not profit, then the poker room at the Seven Luck Casino is a very pleasant and convenient place to play.

Ashley Adams has been playing poker for 50 years and writing about it since 2000. He is the author of hundreds of articles and two books, Winning 7-Card Stud (Kensington 2003) and Winning No-Limit Hold’em (Lighthouse 2012). He is also the host of poker radio show House of Cards. See www.houseofcardsradio.com for broadcast times, stations, and podcasts.

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South Korea is one of the most advanced and economically vibrant countries in Asia, although Asian countries do tend to be behind the times so to speak compared with developed nations in some other parts of the world, particularly in comparison to a lot of European countries, as far as gambling goes, and South Korea is as well, at this point anyway.

Commercial gambling is something that is fairly new to Asia and while they have embraced it quite a bit over the last few years, this is an area which has traditionally been quite conservative when it comes to permitting gambling, and the focus thus far has been on looking to capture tourist dollars, more so than establishing a strong domestic gambling market.

This may be due to a view of gambling in Asia that tends to view it in a harsher light than elsewhere, seeing it as more predatory, where countries mind less that foreign tourists are subject to this than their own people, who they still look to “protect” from it to a degree.

This certainly does appear to be the case in South Korea. In some countries in Asia, the poorer ones in particular, they don’t worry so much about this due to the casinos they set up being too upscale for a lot of their people to be able to gamble at, although in South Korea, it’s pretty affluent as far as Asian countries go, and there are many that would like to gamble at South Korean casinos, but they are for the most part forced outside the country to do so.

So South Korea does have a lot of casinos, 22 in fact, and 18 of them are large casino hotels, but with the exception of a single one in a remote location in South Korea, they cater to foreign tourists only, and South Koreans are not allowed to play there. (1)

The laws of South Korea in fact make gambling illegal other than in certain circumstances, which include being able to gamble at this one remote casino, the Kangwon Land Casino, as well as playing the state sanctioned lottery, which includes the ability to bet on sporting contests, and betting on racing, such as horse racing, cycling, and boat races.

Other forms of gambling are subject to fines, under article 247 of the South Korean Criminal Act up to 5 million won (about $4500). Operating an illegal gambling establishment risks a fine up to 20 million won ($18,000). (2)

So South Koreans for the most part do their land based gambling while on vacation in other countries, particularly in Macau and Singapore, which are both fairly close by, but even this is considered a crime, even though the crime takes place in another country essentially.

There is a movement in the Korean government to look to change this though, and a top government official has recently spoken out against what he calls these archaic laws, although there is also strong opposition within the government to maintain these laws, it might be a while before we see some real change happen here. (3)

Online Poker South Korean

This would certainly help the gambling industry here grow even more, and there are a lot of people in South Korea who would probably rather spend their gambling dollars in their own country rather than have to travel elsewhere to do it, and this would certainly expand the land based poker industry here.

Playing Poker in South Korea

In spite of it being illegal for South Koreans to gamble outside of the few permitted gambling options available to them, illegal gambling here is rampant. There are some underground casinos but most of the illegal gambling here occurs online. The government estimates that the illegal gambling market here is worth at least $66 billion dollars a year, a huge amount.

This is in spite of the crackdowns that the government is known to take against it, and as is the case in many other countries, if the people want to gamble, they will do it in spite of it not being legal to do so. (4)

As far as online gambling goes, it’s so popular here that there are actually illegal South Korean sites that run even though the government tries hard to get them shut down. They also look to block foreign sites, although a lot of South Koreans are hip to technology and access online gambling sites through virtual private networks and use internet wallets to defeat their government’s attempts to impede their access to these sites.

The government is so serious about shutting down online gambling that they have even gone as far as to shut down Facebook social games, in an effort to prevent people from playing poker, even though the games there are with play money, and even though non gambling games such as Farmville ended up being blocked as well. That‘s mighty serious stuff indeed. (5)

Poker is pretty popular here, especially online poker, and while there are underground games that do run, almost all of the poker here is played online these days. There is also live poker at the casinos but once again they exclude South Koreans. Walter Hill Poker in Seoul is a particularly good spot if you are just visiting.

Seoul now has a spot on the Asian Poker Tour now, which certainly doesn’t hurt promoting its popularity in this country.

Live poker is pretty much a niche thing these days and while live poker does have certain features about it that you can’t get playing online poker, almost all real money poker these days is played online anyway, so the more limited access that South Koreans have to live poker is probably not seen as a big deal, and it really isn’t given that anyone can log on to the internet and play as much online poker as they want, any time they want.

Korea certainly does not have regulated poker at this time, and it’s illegal for South Korean companies to operate online poker sites, although in this country that doesn’t stop them. As far as playing online poker goes, there are no specific laws against it, although it is still believed to be illegal anyway, but that doesn’t stop a lot of people from playing, and it is extremely difficult to catch people doing so, especially if you take precautions, as the players generally do here, and are to some degree actually forced into doing so.

Online Poker South Korea Latest

So keeping in mind how eager the government is to prevent South Koreans from playing online poker, it is certainly advisable that players who wish to do so use a VPN to connect to it and use an internet wallet as well, and there are a great many South Koreans who do so and get to enjoy playing this great game online.

References:

1. South Korea Casinos

Online Poker South Korea Won

2. Is Gambling Permitted Under South Korean Law?

3. South Korea To Revise its Gambling Laws

Online Poker South Korea Online

4. Online Gambling in South Korea

5. Korea Shuts Down Facebook Games

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