It was found that the sales of eight casinos in Jeju Island increased significantly last year.
According to the Jeju Special Self-Governing Province on the 2nd, the sales of eight foreigner-only casinos in the province last year totaled about 80.7 billion won. This is a significant increase compared to 69 billion won in 2020 and 48.8 billion won in 2021, when Corona 19 was at its peak. In 2019, before Corona 19, sales reached 190.3 billion won.
With the increase in casino sales, the imposition of the 'Jeju 카지노솔루션 임대분양 Tourism Promotion Fund' also increased. The Jeju Tourism Promotion Fund is financed by △1-10% of casino sales, △departure payment (10,000 won per person), and △patent fees for bonded stores, which are used for improving the tour information system, publicity, and building and repairing tourist facilities.
In the case of casinos, they paid 47.1 billion won in 2019 and 192.5 billion won in tourism promotion funds from 2007 to this year, accounting for the largest share.
Byun Deok-seung, Director of Tourism and Exchanges of Jeju Island, said, “60 to 70% of the financial resources of the Jeju Tourism Promotion Fund are borne by foreigners-only casinos, and as check here they contribute significantly to the development of the local economy, such as hiring 1,700 young people in the province, they will continue to develop together with the people of the province. We will continue to make efforts to become a casino industry that does.”