South Korea – R&F Korea given one year extension to build Midan CityBy Phil - 21 March 2022
R&F Korea (RFKR) has been given a one-year extension, until March 17 2023, to open its Midan City Resort located on Yeongjong Island in Incheon Free Economic Zone (IFEZ), South Korea, by South Korea’s Ministry of Culture, Sports and Tourism, in exchange for an increase in the cost of the project by five per cent.
R&F Korea wanted a two year extension and said it plans to ask for another year once the first year is up. Guangzhou R&F, is the sole owner of the Midan City project having bought out the shares of its former partner Caesars Entertainment.
The Midan City Resort Complex will include a casino, 750 hotel rooms, a theatre, and a convention space once it is operational.