North Korea Reportedly Wants U.S. to Help Fund Casino

This story was published more than 5 years ago.

South Korean media is reporting that North Korea is possibly looking for the United States to help the country build a casino resort in exchange for giving up its nuclear weapons program.

North Korea is meeting with the United States next week in Singapore for a summit between leader Kim Jong-un and President Donald Trump, a first for the two countries since the Korean War, which took place nearly 70 years ago. The two adversarial countries are meeting to discuss plans to de-nuclearize the Korean peninsula, which would involve the North giving up weapons and the United States pulling their weapons out from bases in the South.

Kim's government apparently wants concessions from the U.S. to include helping finance a casino resort in the Wonsan-Kalma region, which sits on the coast of North Korea. The leader proposed making the area the first tourist friendly spot in his country, and wants to make it viable for skiing, shopping, and gaming. Trump has a history of operating casino resorts in the United States, having previously owned properties in Las Vegas and Atlantic City.

North Korea has a few casinos that they run in the capital city of Pyongyang as well as Rason, which sits on the border with China. The country also has a history of running illegal gambling rings in other countries, including bogus online betting sites that steal customer financial information. If a wider casino operation is opened, the possibility of these scam sites disappearing may become a reality.

It should be noted that this is just rumor at this point, and until the talks are held they should be taken with a grain of salt. We'll be updating this story as we learn more.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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8 June 2018 - 7:15am

Ah, this is a very surprising news. I am not hearing about it here yet 😀

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12 June 2018 - 9:27pm

That just shows the hypocrisy of the communist leaders there, there's no room for casinos in the communist idea generally more so in an impudent asking of an exchange to a nuclear weapons, sounds crazy to me.