Due to a growing incidence of speculative addiction among the youths of South Korea a bill to raise on Tuesday in South Korea’s National assembly. The bill has been submitted in order to raise the minimum age for entering Casinos from 19 to 21 years.
Moreover, the sponsors of the bill particularly mentioned the requirement in the changes to articles 22 and 28 of the Tourism Promotion Act. Now, it was done to prevent the addiction within the youths of the country. If the bill is approved, the needs will apply to all licensed casinos under the Tourism Promotion Act.
In 17 casinos, 16 foreigners and the only one that admits South Korea players, Kangwon Land is included in South Korea’s gaming sector. Moreover, Kangwon Land is located in a 150km (93 miles) elevated land from Seoul of Kangwon province.
The bill was submitted from the party for Democracy and peace by legislator Kim Kwang- Soo and co-sponsored by nine other lawmakers. A subscription-based online casino industry news service “Gambling Compliance” reported the news first.
The profit rate for the operator of Kangwon Land fell by 32.1 percent year – on – year in the full year of 2018, pressured by an 8.3 percent decline in gaming revenue.
According to the South Korean source, the Korea casino Association was likely to submit an opposing opinion to the country’s National Assembly, in advance to prevent the Casino entry minimum age to be raised to 21.