The operator of South Korea’s only casino open to locals, Kangwon Land, has announced that it has secured government approval to significantly increase betting limits on two specific baccarat tables within its “VIP floor.”
The changes took effect on Wednesday, May 14, marking a strategic move to potentially bolster its VIP gaming revenue.
According to a filing with the Korea Exchange on Wednesday, the minimum bet for these two designated VIP baccarat tables has been raised substantially to KRW500,000 (US$353), a tenfold increase from the previous KRW50,000 ($35) limit.
Furthermore, the allowed betting differential between “banker” and “player” bets on these VIP tables has also been significantly elevated to KRW30m ($21,200), a fifteen-fold jump from the original KRW2m ($1,413).
Source: Asia Gaming Brief
