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The casino industry in Jeju is losing competitiveness due to unfavorable competition environments
with large casinos in other regions and overseas, and unreasonable regulations.
This is because Jeju casinos are paying more funds because the method of calculating the tourism
promotion fund paid by casinos is different from that of other regions.

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According to Jeju Island on the 26th, foreigner-only casinos pay 60-70% of the Jeju
Tourism Promotion Fund's financial resources. The sales of eight
casinos in Jeju were KRW 80.7 billion last year, up 65.5% from the
 previous year (48.8 billion won). Based on this, the amount of fund imposed
this year was 6.7 billion won, up 86% from last year (3.6 billion won).
Jeju casinos have paid 192.5 billion won from 2007 to this year,
accounting for more than 60% of the fund's revenue sources.
Jeju casinos pay up to 10% of their total sales to the Jeju
 Tourism Promotion Fund under the Jeju Special Act. However,
unlike other regions such as Seoul, Incheon, and Busan, fees paid to professional
recruiters are included in total sales.

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As of 2019, casino fund payments in the province, including fees
for professional recruiters at the time, are estimated to be KRW 15.1 billion, and about
KRW 9.3 billion when excluding fees. In other words, Jeju casinos have 62.6%
more funds than casinos in other regions. Casinos pay taxes on behalf of
professional recruiters. The combined monthly sales of eight casinos in
Jeju are less than the monthly sales of one casino in the metropolitan area.


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