Dec 05, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  
The provincial government of South Korea’s Jeju Island (pictured) plans to introduce new legislation in a bid to strengthen the management and supervision of casinos there, reports the Korea Times newspaper.
According to a February note from brokerage Union Gaming Securities Asia Ltd, there were a total of eight foreigner-only casinos operating in Jeju, “all of which very small by international standards”.
South Korea currently has 17 casinos, but only one of them – Kangwon Land on the Korea peninsula – is open to local players.
The new legislation in Jeju, reportedly effective from January 2017, would stipulate that casinos must establish a permit system for people to enter restricted areas, such as the storage room of gaming devices and computer rooms inside gaming venues.
The revised legislation also states that casinos will have to increase the number of security cameras in their venues in order to reduce blind areas, reported the Korea Times.
The media outlet described the new legislation as an “upgraded version” of the Jeju government’s ordinance for the casino industry passed in June 2015.
The provincial government of Jeju is also mulling regulations aimed at enhancing transparency in the operations of casinos in the island, according to the report.
These regulations include the requirement that gaming companies should calculate their income on a daily basis. The government would also require casinos to record information of their foreign customers, including their name, nationality, date of visit, passport number and passport expiration date, the newspaper added.
Jeju recently has also attracted a lot of new gaming-related investment. The island does have some special concessions granted to its tourism industry by South Korea’s national government. The island is popular with mainland Chinese holidaymakers and offers them visa-free entry to Jeju if they arrive directly by international flight or international ferry or cruise ship. Mainland Chinese visitors to other parts of South Korea need a visa.
May 18, 2023
May 15, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31