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Pineault previously said that the integrated resort will produce "a very good portion" of revenue from non-gaming business. Korean law dictates that only non-citizens can legally gamble at the casino. Stake CEO Ed Craven said the business keeps a smaller portion of crypto reserves in "hot wallets" in case of these types of hacks. Despite the fact that the web-site confirmed the hack and loss of funds, they reassured players that their funds are protected. Tax income from Kangwon Land Inc plummeted 83.three per cent from KRW357.8bn to KRW59.9bn in 2020. Nevertheless, that figure was twice as significantly as South Korea’s 16 foreigner-only casinos combined. Kangwon Land accounted for 14.8 per cent of the country’s 2020 gambling tax income. According to the Korea Casino Association, South Korea’s foreigner-only casinos recorded aggregate gambling sales of KRW178.29bn (US$151.3m) throughout the initial half of the year.

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