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South Korean government may limit proposed casino tourism-fund increase

Regulation

South Korea may set casinos’ annual-revenue contribution to the tourism fund below 15%, according to KB Securities analyst Choi Yong-hyun. He cited concerns over industry profitability and stronger regional competition.

A lower contribution rate than 15% would change the potential tourism-fund burden on casino operators.

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Regulation

Gaming tax expert warns proposed Italian PREU increase could reduce revenue

Tax adviser Francesco Scardovi criticised a proposed one-percentage-point increase in Italy’s PREU on AWP and VLT machines during a SiGMA Central Europe discussion in Rome. He said machine revenues had fallen from €6.2bn to €5bn since 2018 and cited an initial €700m revenue target for the budget measure; the supplied article ends before giving the later estimate he was discussing.

Tax adviser and gaming sector expert Francesco Scardovi strongly criticised the decision to raise the PREU on gaming machines, an increase provided for in the 2027 budget law. He spoke at SiGMA Central Europe in Rome, and his message was that the increase risks producing effects contrary to those the Government expects. In his view, it could further reduce the sector's economic sustainability and, in the medium term, damage state revenue.

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