South Korea ministry considers delaying casino reform proposal amid operator consultations
By SectorWire desk ·
Summary
South Korea’s Ministry of Culture, Sports and Tourism could postpone submitting casino reforms beyond September while consulting operators, citing MTN. The proposals include five-year licences and increasing the maximum tourism fund contribution from 10% to 15% of GGR. The ministry intends the higher rate to apply only above a revenue threshold it has yet to determine.
Why it matters
Casino operators face proposed five-year licences and higher tourism fund contributions above an undetermined revenue threshold, with submission potentially delayed.