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South Korean Casinos Urge Government to Scrap Five-Year Permit Plan
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South Korean Casinos Urge Government to Scrap Five-Year Permit Plan
South Korean casinos want the government to abandon plans to introduce a five-year renewable permit system and hike their contributions to a central tourism fund.Since the Ministry of Culture, Sports, and Tourism unveiled its plans last month, casino operators’ share prices have taken a tumble, and financial analysts have adjusted their earnings forecasts downward.The ministry says it may push to raise the percentage of revenues that operators m…
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