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South Korean Casino Stocks React to Government Fee Hike

South Korean casino stocks are plummeting following the government's announcement of increased contributions to the state tourism fund by operators.

South Korean Casino Stocks React to Government Fee Hike

South Korean casino stocks are plummeting following the government's announcement of increased contributions to the state tourism fund by operators.

The share price of Paradise, the operator of Paradise City, dropped by more than 23% in the last five days. Similarly, Lotte Tour Development, a rival of Paradise, experienced a nearly [insert percentage here] decrease in its share price.

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