By The Weekly Edge desk ·
GGRAsia reported that the Korea Casino Association asked the culture ministry to reconsider casino regulatory proposals. The association warned that a higher tourism levy and licence renewals could weaken competitiveness and deter investment.
The association is contesting proposed changes to casino financial obligations and licensing.
Request a correction / right of reply
Same companies, regulators or market.
The review could affect Kangwon Land’s procedures for allowing previously barred customers to return to its casino.
South Korean casinos await implementation details for a higher revenue levy reaching up to 15% to support a tourism fund.
The proposal would give national federations roles in licensing, national teams, world competitions and shared standards.
The pact connects youth gambling prevention by Gyeonggi’s education office and a regulator with an existing school phone-use strategy.
Casino operators face proposed five-year licences and higher tourism fund contributions above an undetermined revenue threshold, with submission potentially delayed.