Korea Expands Casino Facility Loans for First Time in 28 Years
서울경제
South Korea expands casino facility loans for the first time in 28 years to support operators facing increased regulatory burdens.Summary
South Korea has expanded the Tourism Promotion and Development Fund loans to include facility financing for casino operators for the first time in 28 years. Previously, only operating funds were available, capped at 3 billion won. Now, operators can borrow up to 15 billion won for new construction and 8 billion won for renovations. This move aims to alleviate financial burdens amid proposed regulatory changes, including a higher tourism fund levy and a five-year license renewal system. The industry welcomes the loans but fears they may be used to justify tighter regulations, especially with competition from Japan's integrated resort opening in 2030.
(Source：서울경제)