South Korea Proposes Raising Casino Tourism Fund Contributions
South Korea is considering a significant adjustment to the contributions foreigner-only casinos make to the Tourism Promotion and Development Fund. The Ministry of Culture, Sports and Tourism, together with the National Assembly, announced a plan to raise the cap from 10% of revenue to 15%. While the increase appears modest at 5 percentage points, the total contributions are projected to grow by 50% from current levels. The reform is part of a broader initiative to modernize the casino licensing system, which has […] The post South Korea Proposes Raising Casino Tourism Fund Contributions appeared first on World Casino News.
South Korea is considering a significant adjustment to the contributions foreigner-only casinos make to the Tourism Promotion and Development Fund. The Ministry of Culture, Sports and Tourism, together with the National Assembly, announced a plan to raise the cap from 10% of revenue to 15%. While the increase appears modest at 5 percentage points, the total contributions are projected to grow by 50% from current levels. The reform is part of a broader initiative to modernize the casino licensing system, which has […]
The post South Korea Proposes Raising Casino Tourism Fund Contributions appeared first on World Casino News.
