The Korea Casino Association has urged South Korea’s government to withdraw proposed regulatory changes that would increase the maximum tourism fund contribution for foreigner-only casinos and introduce five-year licence renewals, warning that the measures could place further financial pressure on operators still recovering from the COVID-19 pandemic. The Ministry of Culture, Sports and Tourism is considering raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15%. The proposal also includes a five-year licence renewal system and prior […]
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