The gross sales for Korean gambling industries appeared $10.84 billion in 2003, which was 4.4 times as much as $2.47 billion in 1998, and that had been caused by the domestic introduction of new type of the gambling business same as casinos(2000), spo...
The gross sales for Korean gambling industries appeared $10.84 billion in 2003, which was 4.4 times as much as $2.47 billion in 1998, and that had been caused by the domestic introduction of new type of the gambling business same as casinos(2000), sports toto(2001), lotteries(2002), motorboat racing(2002) and the opening of main casino(2003) since 2000, as well as the horse racing(1922) and the bicycle racing(1944) of existing.
In order to prevent insensitive proliferation of like this gambling industries, a political establishment which relates with gambling industrial healthy development has started in 2004, and the law supervising totally the gambling industry has been legislated by Office for Government Policy Coordination in 2005.
Specially, in 2006 summer 'Ocean talk situation' incident, the event dealing with illegal gambling syndicates, caused the public to augment the critical opinion about gambling industry.
Finally, going through the National Assembly in 2006 December and declaring by President in 2007 January 16, The Gambling Industrial Integrated Director Committee really came into in 2007 September.
After that, it has regulated powerfully not only the horse racing, casinos, sports toto, lotteries, bicycle racing, motorboat racing but all of the industries which is classified with a gambling.
From here, the author argues there is a field commits a politic error with their sense of absurd about gambling. It is nothing less than the biggest problem the horse racing is grouped into a kind of the gaming industry by the law.
In Korean dictionary, it defines clearly the gambling as relying on chance. In fact, in compliance with the definition, the horse racing has to be separated from the other gambling industries.
'Gambling' is actually making a bet and a windfall relying on chance. But the horse racing is different from only gambling.
people who play the horses are required that there must be an ability analyzing and ratiocinating the series of process which the racehorse is born, is reared and is trained. Because of this, they must have the effort which researches themselves.
The horse racing is a characteristic sport of predicting winning horse on the basis of the premise represented horse's ability of 70% and jockey's skill of 30%. Besides, it must be considered and determined due to as many factors as about 100 or more - the pedigree of horse as be born from between what kind of colt and mare, the breeding and taming of horse as what manner in which reproduce in such a way that certain characteristics are selected for and whether having the best result in racing when any jockey rides, and so more.
Judging from this, the horse racing cannot depend upon good luck or fortune.
Compared to lotteries, casinos, bicycle racing, motorboat racing and sports toto that the National Assembly and the government try to regulate, horse racing is different by nature but they do not accept difference.
If classified horse racing with gambling industry, also the stocks and the real estate transaction which keep a state economy must classify with gambling industry.