{"id":90109,"date":"2018-10-10T17:00:45","date_gmt":"2018-10-11T00:00:45","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=90109"},"modified":"2018-10-10T15:53:43","modified_gmt":"2018-10-10T22:53:43","slug":"legal-casinos-in-taiwan-would-bridge-9-7-billion-tourism-deficit-but-government-opposed","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/legal-casinos-in-taiwan-would-bridge-9-7-billion-tourism-deficit-but-government-opposed\/","title":{"rendered":"Legal Taiwan Casinos Would Bridge $9.7 Billion Tourism Deficit, But Government Opposed"},"content":{"rendered":"

In Taiwan, there were renewed calls this week for the legalization of casino gaming after the island\u2019s tourist bureau announced its tourism deficit had reached its highest level ever, exceeding NT$300 billion ($9.7 billion) last year.<\/p>\n

\"Tsai
Made in Taiwan: The island’s first female president Tsai Ing-wen has been against the development of casinos since her election in 2016. She wants Taiwan to be less dependent economically on mainland China. (Image: Taiwan News)<\/figcaption><\/figure>\n

Liu Hsi-lin, Vice President of the National Kaohsiung University of Hospitality and Tourism, told The Taipei Times<\/em> on Tuesday that the domestic tourism market could be improved by the introduction of international theme park brands like Disney or Universal Studios, and by lifting the ban on gambling.<\/p>\n

Liu pointed to Singapore, where tourism levels grew by 25 percent in the four years after it launched its casino market. Taiwan\u2019s proximity to the Chinese mainland and Japan<\/a> would make it a huge draw for international casino operators who would be willing to invest billions on the right opportunity.<\/p>\n

What is Tourism Deficit?<\/strong><\/h2>\n

The term \u201ctourism deficit\u201d refers to the disparity between the amount of money spent by inbound visitors and the money spent by locals traveling overseas. Taiwan\u2019s deficit has continued to widen each year since 2011.<\/p>\n

Taiwan has mulled the introduction of casino gaming since the mid-nineties and several of its outlying islands have held referenda on whether they should host casinos if they government liberalized gambling laws.<\/p>\n

In 2013, the Tourism Casino Administration Act was introduced to parliament, but it remains in limbo. Meanwhile, the country\u2019s ruling Democratic Progressive Party (DDP) opposes the development of casinos.<\/p>\n

\n

Taiwan\u2019s President Tsai Ing-wen has said she favors developing tourism on the outlying islands by promoting their natural resources and does not want to attract hordes of gamblers from the Chinese mainland.<\/p>\n<\/div>\n

Complex Relations with Mainland<\/strong><\/h2>\n

While Chinese mainlanders comprise the majority of visitors to Taiwan, relations with the People\u2019s Republic of China are complicated and always strained. The island\u2019s official name is the Republic of China — a throwback to China\u2019s official name before the civil war.<\/p>\n

In 1949, the ruling nationalist KMT was overthrown by the Communists and retreated to Taiwan, which it ruled as a dictatorship until the mid-1980s when democracy began to take root.<\/p>\n

Today, Taiwan refuses to except Beijing\u2019s \u201cOne China Principle,\u201d which dictates there is only one country of China, despite the fact there are two regimes.<\/p>\n

On coming to power in 2016, the DDP adopted the New Southbound Policy, which aims to make Taiwan less economically dependent on China<\/a> by developing ties with countries in Southeast Asia, as well as India and Pakistan and Australia and New Zealand.<\/p>\n

Taiwan is perhaps the only country in the region not desperate to attract the tourism yuan of the mainland\u2019s globetrotting middle classes, which is why the liberalization of its gambling laws remains unlikely for now.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In Taiwan, there were renewed calls this week for the legalization of casino gaming after the island\u2019s tourist bureau announced its tourism deficit had reached its highest level ever, exceeding NT$300 billion ($9.7 billion) last year. Liu Hsi-lin, Vice President of the National Kaohsiung University of Hospitality and Tourism, told The Taipei Times on Tuesday […]<\/p>\n","protected":false},"author":36,"featured_media":90111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,61],"tags":[],"acf":[],"yoast_head":"\nLegal Taiwan Casinos Would Bridge $9.7 Billion Tourism Deficit, But Government Opposed - Casino.org<\/title>\n<meta name=\"description\" content=\"In Taiwan, there were renewed calls this week for the legalization of casino gaming after the island\u2019s tourist bureau announced its tourism deficit had\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/legal-casinos-in-taiwan-would-bridge-9-7-billion-tourism-deficit-but-government-opposed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legal Taiwan Casinos Would Bridge $9.7 Billion Tourism Deficit, But Government Opposed - 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