By SectorWire desk ·
South Korean casinos urged the government to drop proposed five-year renewable permits and higher tourism-fund contributions. The culture, sports and tourism ministry unveiled the plans the previous month.
The proposals would change casino permit terms and increase contributions to the tourism fund.
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The review could affect Kangwon Land’s procedures for allowing previously barred customers to return to its casino.
Investors face differing demand prospects as NH Investment & Securities expects tourism to support mass-market casinos more than VIP gaming.
Casino operators face proposed five-year licences and higher tourism fund contributions above an undetermined revenue threshold, with submission potentially delayed.
The inquiry puts Grand Korea Leisure’s reported casino attendance for 2025 under government scrutiny.