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Atop Mountain, Under Cap, Korea's Only Casino For Koreans Faces Uphill Fight by Muhammad Cohen (@MuhammadCohen)

Management at Kangwon Land, the only casino in Korea you can enter without a foreign passport, has a mandate to limit its gaming revenue. The 51% government owned casino operates under a revenue cap, and in recent years has taken active measures to reduce its take from gaming tables and slot machines. But if you look beyond the revenue cap, Kangwon Land shares key traits with other casinos in Asia.

Fear of gaming disorders lies behind government efforts to limit casino gambling among Korean citizens. Of the country’s 17 casinos, 16 are for foreigners only, though Koreans who can produce an overseas passport can also play. As the nation’s only casino that welcomes all Koreans as well as foreigners, Kangwon Land revenue–US$1.2 billion last year–exceeds that of Korea’s other casinos combined.

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