{"id":31118,"date":"2022-06-24T04:23:18","date_gmt":"2022-06-24T07:23:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31118"},"modified":"2026-04-23T07:28:20","modified_gmt":"2026-04-23T10:28:20","slug":"online-gambling-still-on-the-table-for-jeju-island","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/online-gambling-still-on-the-table-for-jeju-island","title":{"rendered":"Online gambling still on the table for Jeju island"},"content":{"rendered":"\n

Authorities are analysing the pros and cons of allowing casinos to offer online gambling services.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Alex Park Jeung Yeon<\/strong>, assistant director of the Jeju government\u2019s Casino Policy Division, has told GGRAsia that the island’s authorities are still analysing the possibility of allowing casinos to offer online gambling as a way to help the industry recover.<\/p>\n\n\n\n

According to Yeon, the government is currently studying the pros and cons of a move that would change the island’s regulatory landscape for gaming. Although there are eight casinos on Jeju island,\u00a0only three are open<\/strong>:\u00a0Jeju Shinhwa World<\/strong>, operated by Hong Kong-listed Landing International,\u00a0Paradise Casino<\/strong>, operated by Paradise Co and Jeju Dream Tower, run by Lotte Tour Development.<\/p>\n\n\n\n

The possibility of allowing South Korean casinos to offer remote gambling began to be discussed last October when\u00a0Lee Sang-heon, a member of the National Assembly\u2019s Culture, Sports and Tourism Committee, said\u00a0foreigner-only casinos<\/a>\u00a0<\/strong>should be allowed to introduce such services.<\/p>\n\n\n\n

In November,<\/a> experts discussed ideas to help the industry recover at the Jeju International Casino Policy Forum. However,\u00a0authorities ruled out the possibility of allowing South Korean nationals to gamble\u00a0<\/strong>as many people were against the idea.\u00a0<\/p>\n\n\n\n

In 2020,\u00a0South Korean casinos<\/a>\u00a0received only 1.76m visits, down from 6.13m in 2019. Jeju casinos welcomed 166,873 visitors, down 54.8 per cent when compared to pre-pandemic levels.<\/p>\n\n\n\n

Visa-free entry to Jeju Island\u00a0<\/strong>for holders of certain passports, including those from mainland China was resumed on June 1. All foreigners entering South Korea\u00a0must be fully vaccinated and must be tested for Covid-19 within 24 hours of arriving. Any foreigner who is unvaccinated or who tests positive for Covid-19 on arrival is required to undergo a seven-day quarantine.<\/p>\n\n\n\n

Jeju\u2019s visa-free entry programme allows citizens of most countries, including China, to stay in Jeju for up to 30 days. The programme had been suspended in February 2020 amid the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Authorities are analysing the pros and cons of allowing casinos to offer online gambling services.<\/p>\n","protected":false},"author":176,"featured_media":18521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jeju Island authorities are evaluating the introduction of online gambling services for its land-based casinos to stimulate industry recovery. This potential regulatory shift, while explicitly excluding South Korean nationals, aims to mitigate the severe decline in visitor numbers experienced during the pandemic and bolster GGR for operators.","focusai_entities":"Alex Park Jeung Yeon, Jeju government\u2019s Casino Policy Division, GGRAsia, Jeju Shinhwa World, Landing International, Paradise Casino, Paradise Co, Jeju Dream Tower, Lotte Tour Development, Lee Sang-heon, National Assembly\u2019s Culture, Sports and Tourism Committee, Jeju International Casino Policy Forum","focusai_location":"South Korea, Jeju, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), product_ux (0.7), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Details","query":"What specific regulatory amendments are being considered to facilitate B2C online gambling for foreigner-only casinos, and how will these integrate with existing land-based licensing and governance frameworks?"},{"label":"Projected GGR Impact","query":"What are the projected GGR contributions from a foreigner-only online gambling vertical, and how will this impact the financial recovery and valuation of Jeju's integrated resorts?"}],"footnotes":""},"categories":[16338,156],"tags":[23907,4138],"class_list":["post-31118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-regulation-news","tag-land-based-casino","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31118"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31118\/revisions"}],"predecessor-version":[{"id":31137,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31118\/revisions\/31137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18521"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}