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Tag Archives: Incheon Free Economic Zone

South Korea – Caesars announces new joint venture for Korea

Caesars Entertainment has found a new partner for its casino development project in South Korea with Guangzhou R&F Properties taking on a 50 per cent interest in a joint venture company. The joint venture will then acquire LOCZ Korea Corp, which is the firm responsible for the development, construction and operation of the integrated resort….

South Korea – Mohegan Sun to launch casino in South Korea

The Mohegan Tribal Gaming Authority operator of Mohegan Sun, Mohegan Sun Pocono and Resorts Casino Hotel, and Incheon International Airport Corporation have signed a memorandum of understanding to develop, build and operate a first-of-its-kind gateway entertainment city in South Korea. The resort will include a 18,500 sq. m. casino with 250 tables and 1,500 slot…

South Korea – Chow Tai Fook wants to spend US$2.6bn on Incheon casino

Hong Kong’s Chow Tai Fook Enterprises, a subsidiary of Chow Tai Fook Jewellery Group, has confirmed it wants to invest US$2.6bn to construct a casino resort near South Korea’s largest airport. The resort casino’s location will be close to where two other huge casinos will be built, one by Caesars Entertainment and Lippo and one…

South Korea – Caesars and Universal lose out on South Korea bid

Two bids from world famous casino operators to develop casinos in South Korea have been kicked into touch by the Ministry of Culture, Sports and Tourism. North American giant Caesars Entertainment and Japanese pachinko operator Universal have both had their attempts to secure a preliminary casino licence rejected by the Ministry. Despite President Lee Myung-bak’s decision…

South Korea – Caesars and Universal attracted by Incheon casino exemptions

Legislators in South Korea are looking to make it easier for international operators to invest in foreigner only casino developments in the country’s Incheon Free Economic Zone. Caesars Entertainment and Japan’s Universal Entertainment have both already expressed an interest in the Free Economic Zones with reports saying they plan to apply immediately following President Lee Myung-bak’s…