South Korea Casino Group Warns Higher Levy May Hurt Industry
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 […] The post South Korea Casino Group Warns Higher Levy May Hurt Industry appeared first on World Casino News.
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 […]
The post South Korea Casino Group Warns Higher Levy May Hurt Industry appeared first on World Casino News.
