South Korea - A Regulatory Overview

Harry Ashton, 10 Sep 2008
GamblingCompliance Ltd.

Casino gaming for foreign tourists has expanded in South Korea since the amendment of casino rules in 2006, and further new rules on investment in Free Economic Zones are further aiding this expansion. Of the 17 casinos there is still only one that locals can legally attend, however the new government has recently announced that tax rates will be doubled from 10 to 20 percent, a move that has dampened the outlook for the for the industry going forward.

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