Hospitality Finance - Book Report/Review Example

Hospitality Finance The article reports on approval for development of foreign casino in Korea. Once completed, LOCZ will have several benefits to both the organizations based in Yeongjong Island and customers visiting the gambling resort. One of the benefits of this project will be realized by Incheon International Airport that will experience an increased number of travelers. This will increase the company’s revenues and further enable its growth. Considering that, hotels and casinos will be built as part of this project, business people visiting the Island will be attracted to these facilities.

This will not only provide income to the owners of the project but also provide employment to local residents. Customers visiting the resort will benefit from taking part in gambling games with people from other parts of the world while accessing excellent auxiliary facilities such as hotels and concert halls.The gambling resort can also be expected to have an effect on the local people’s view of gambling. More locals will take part in gambling due to the influence of foreigners. As people strive to increase their incomes and improve their living standards, local resources play a critical role.

Considering that LOCZ will be a resource to these people, its influence on them cannot be underestimated. With an increase in the number of people taking part in gambling games, property taxes will also be expected to reduce. The project will also generate money for community projects. By leading to increased traffic in the region, the resort will ensure that local business benefit, further leading to interdependence between LOCZ and the local people.