South Korea's gaming regulator said sales at casinos allowing only foreigners in terms of local currency fell 10.9% year-on-year in 2019.
The sales of foreign-only casinos were just under 1.45 trillion won ($1.22 billion), down from 1.63 trillion won the previous year.
The National Gambling Commission, a regulator, posted a numerical table online describing the industry's financial performance.
No commentary on the reasons for year-over-year sales changes at foreign-only casinos was provided in the committee's data sheet.
Korean casinos' annual sales for foreigners contributed 6.4% of the country's total gambling sales (including non-casino sources) in 2019, down 0.9 percentage points from the sector's contribution in 2018.
The figure showed just over 3.23 million customers visited 16 casinos exclusively for foreigners during 2019, up 13.9% from nearly 2.84 million in 2018.
Of the total gambling return of 1.45 trillion won in 2019, the tax contribution of the foreign-only sector was 7.4%. According to the enforcement conditions of the Tourism Promotion Act in Korea, the sales of casinos are the same as the total gambling return.
The commission also provided 2019 data on Kangwon Land, the only casino in the country that can accommodate customers who only have Korean passports.
Sales at the facility, run by Kangwon Land, rose 5.8 percent to just over 1.48 trillion won last year, compared to 1.4 trillion won in 2018. In other words, it is more than foreign-only casinos combined.
No explanation was provided for the reason for the year-over-year sales change.
Kangwon Land Casino, which is based at a resort in a remote alpine region outside the capital Seoul, had only 2.9 million customers in 2019, compared to 2.85 million in 2018.
Kangwon Land alone accounted for 6.5% of the nation's gambling sales in 2019.
In 2019, taxation on the operation of Kangwon Land's casino accounted for 24.1%, just over KRW 1.48 trillion in total gambling returns at the venue.
In terms of sales, the largest single share contribution of gambling nationwide was in the lottery sector, accounting for 23.9% and just over KRW 4.79 trillion.
Foreign-only casinos and Kangwon Land's business performance in 2020 were affected by the COVID-19 pandemic, respectively. Kangwon Land's casinos are currently closed and will remain closed until Sept. 21. 우리카지노탑
Paradise City, a foreigner-only casino resort near Incheon International Airport, is currently closed indefinitely after two casino employees confirmed they were infected with COVID-19, local media said.
![South Korea's gaming regulator said sales at casinos allowing only foreigners in terms of local currency fell 10.9% year-on-year in 2019.
The sales of foreign-only casinos were just under 1.45 trillion won ($1.22 billion), down from 1.63 trillion won the previous year.
The National Gambling Commission, a regulator, posted a numerical table online describing the industry's financial performance.
No commentary on the reasons for year-over-year sales changes at foreign-only casinos was provided in the committee's data sheet.
Korean casinos' annual sales for foreigners contributed 6.4% of the country's total gambling sales (including non-casino sources) in 2019, down 0.9 percentage points from the sector's contribution in 2018.
The figure showed just over 3.23 million customers visited 16 casinos exclusively for foreigners during 2019, up 13.9% from nearly 2.84 million in 2018.
Of the total gambling return of 1.45 trillion won in 2019, the tax contribution of the foreign-only sector was 7.4%. According to the enforcement conditions of the Tourism Promotion Act in Korea, the sales of casinos are the same as the total gambling return.
The commission also provided 2019 data on Kangwon Land, the only casino in the country that can accommodate customers who only have Korean passports.
Sales at the facility, run by Kangwon Land, rose 5.8 percent to just over 1.48 trillion won last year, compared to 1.4 trillion won in 2018. In other words, it is more than foreign-only casinos combined.
No explanation was provided for the reason for the year-over-year sales change.
Kangwon Land Casino, which is based at a resort in a remote alpine region outside the capital Seoul, had only 2.9 million customers in 2019, compared to 2.85 million in 2018.
Kangwon Land alone accounted for 6.5% of the nation's gambling sales in 2019.
In 2019, taxation on the operation of Kangwon Land's casino accounted for 24.1%, just over KRW 1.48 trillion in total gambling returns at the venue.
In terms of sales, the largest single share contribution of gambling nationwide was in the lottery sector, accounting for 23.9% and just over KRW 4.79 trillion.
Foreign-only casinos and Kangwon Land's business performance in 2020 were affected by the COVID-19 pandemic, respectively. Kangwon Land's casinos are currently closed and will remain closed until Sept. 21. [url=https://www.wooricasino.top/]우리카지노탑[/url]
Paradise City, a foreigner-only casino resort near Incheon International Airport, is currently closed indefinitely after two casino employees confirmed they were infected with COVID-19, local media said.](https://www.geogebra.org/resource/yj3rqf3a/SBNziQTjx0EK3vuO/material-yj3rqf3a.png)