South Korea's foreigner's only casino is regarded as an export company as problem gamblers return to their home country after enjoying games and do not produce any social cost in Korea which gives the Korean government less motivation to regulate the ... South Korea's foreigner's only casino is regarded as an export company as problem gamblers return to their home country after enjoying games and do not produce any social cost in Korea which gives the Korean government less motivation to regulate the casino industry. Even after Kwangwonland casino which opened in 2000 for locals, the Korean government maintains the existing policy on Tourism Promotion Act which adapts the laissez-fair market model. There have been no further new regulatory developments to strengthen the regulation to reduce the social cost. The successful opening of two Singapore Integrated Resorts(IR) in 2010 sparkled an IR development competition between Korea and Japan. Since 2014 the Korean government encouraged domestic and foreign capitals to invest in the construction of IR with foreigner's only casino at Yeongjong Island and Jeju Island. Japan recently passed the IR law to legalize casino for both locals and foreigner's around 2020 which coincides with the opening of Tokyo Summer Olympic Games. This IR development competition is expected to lead to fierce PR competition between Korean and Japan to attract many Asian tourists especially from China. If Korean authorities overcalculate the expected number of Chinese tourists to Korea and allow more new Korean IR construction with foreigner's only casinos, this will lead to the bankruptcy of existing foreigner's only casinos located at downtown area of local cities. In short, this will result in a policy failure caused by oversupply of casinos in Korea. The fundamental of casino policy of USA, UK and Singapore is to enact a Casino Control Act which defines the policy goal/objective it aims to achieve by legalizing casino at their Jurisdiction and establishes an authority or board to regulate and supervise the casino operation. This casino regulatory framework contribute to minimizing social costs and maximizing economic benefits such as increase in employment and tax revenues. The objective of this research is to find a implications that would provide guidance in both the enactment of Korea's Casino Control Act and establishment of a regulatory authority such as those in Singapore or UK. The Casino Control Act is necessary for the development of Korean casino industry which will lose the existing monopoly over Northeast Asian's market and face strong challenge by new Japanese IR casino around 2020. Through literature review and research of Casino Control Acts, this research defines the casino policy goals/objectives and regulatory functions of USA, UK and Singapore and other countries in their respective Casino Control Act. For the purpose of this research, casino professionals from academics, government and companies were invited to constitute a panel to answer the questionnaires. The first index items derived from literature review and research of Casino Control Act which includes clauses of policy goals stipulated in the USA, UK and Singapore and other countries. These are mainly categorized into five elements such as first, Tourism Industry Development and Economic Growth; secondly, Breeding the Casino Industry based on Public Faith; thirdly, Honest and Fair Game Operation; forthly, Minimizing the Social Cost and Negative Effect and finally, Free Environment from Organized Crime. Delphi surveys were conducted three times and AHP analysis processed the data collected from casino professionals to evaluate the weight and priority of policy goals/objectives and regulatory functions. The result of AHP weight value analysis shows that the first priority of policy goals/objectives is Minimizing the Social Cost and Negative effect which is followed in the order of Breeding the Casino Industry based on Public Faith, Honest and Fair Game Operation, Free Environment from Organized Crime and Tourism Industry Development and Economic Growth. This research has three academic implications. First, it demonstrates that a successful Korean style IR development with foreigner's only casino requires enactment of Casino Control Act and establishment of Casino regulatory authority as in Singapore rather than revision of the existing Korean Tourism Promotion Act. Secondly, data collection from Casino Control Act of 12 countries such as USA, UK and Singapore, were analyzed to make a common policy goal/objective which can be used to make a reference in selecting the priority of policy goals/objectives. Thirdly, in the past casino research was mostly attributed by the field of management(marketing), tourism, law but this study extends casino research into the field of policy science. Lastly this research provides three working level suggestions. First, the three Korean casino related Acts should be combined into a single Casino Control Ac. The Gambling Act 2005 of UK could be used as reference in the process of making the single Casino Control Act. Secondly, it is recommended to review the possibility of Korean companies going bankrupt to reduce the negative effect caused by the opening of Japanese IR which is expected to be around 2020. In 2014, one third of Atlantic city casinos was closed by huge deficits after new casinos opened in neighboring states such as Pennsylvania. Thirdly, an education program is needed to enhance the professionalism and job loyalty of dealers by introducing dealer qualification system. Total of 5,000- to 6,000 dealers are expected to join the education program of corporate ethics, social corporate responsibility. Although casino is a power engine of tourism development as a core facility in the IR, opening of new casinos in the neighboring region/ countries will decrease the casino profitability by severe competition and oversupply in domestic market will cause reduction of casinos revenue as well as tax revenue. These are important elements to be considered of casino economics when the government plans to establish and implement a casino policy. Key word: policy goal, casino oversight, casino regulatory system, Delphi survey method, AHP analysis method ，韩语毕业论文，韩语论文范文 |
