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Tag Archives: Incheon

South Korea – Reports suggests Caesars has pulled the plug on its Incheon investment

Caesars Entertainment has reportedly pulled out of the opportunity to develop its gaming brand in South Korea, disposing of its share in the foreigner only casino being built in the Incheon Free Economic Zone Authority (IFEZA) in South Korea with a three year delay now likely for the project’s completion. The COVID-19 pandemic disrupted the…

South Korea – Mohegan close to securing all the funding for Inspire Korea

Mohegan Gaming & Entertainment is ‘optimistic’ it will secure the financing needed to complete the $1.6bn build of its Inspire Korea Korean integrated resort project within the next quarter, adding that it will fast track $200m earmarked for the second phase of the project to use for the first. Having put up US$300m of its…

Korea – Paradise City hits ‘record high’ due to Chinese and Japanese gamblers

South Korean casino Paradise City reached ‘a record high’ in the three months to June 30 with casino revenue at the Incheon resort up 61.5 per cent in the second quarter to KRW86.35bn due to improved gambling spend by Chinese and Japanese gamblers. Drop increased by 33 per cent year-on-year to a record KRW1.85tn thanks…

South Korea – Lippo could sell shares in Korean project to Caesars

Lippo Worldwide Investments, a Hong Kong-based property developer, has said it is in talks with Caesars Entertainment over the potential sale of its share in the pair’s casino project planned for Incheon in South Korea. Lippo and Caesars Korea Holding had formed a consortium that had planned to pay US$95.9m for land to house the…

South Korea – Mohegan Sun awarded license for Gateway Entertainment Resort

The Mohegan Tribal Gaming Authority (MTGA) operator of Mohegan Sun properties throughout the United States, along with partners KCC Corporation and Incheon International Airport Corp (IIAC) have been awarded a license from the Korean Government to develop and build a first-of-its-kind integrated resort at Incheon International Airport in Korea. The US$5bn project will include a…

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 – Paradise hopes China will feed Incheon development

South Korean operator Paradise and Sega Sammy Holdings believe their joint project near Incheon airport, which is set to open in 2017, is close enough to north east China to compete with Macau for Chinese players. The two companies will begin construction of South Korea’s first integrated resort in October with the first phase including…

South Korea – Incheon casino zone fails to attract investment

The Incheon Free Economic Zone of South Korea has scrapped a US$280bn plan to develop a fishing village off the country’s west coast into a gambling enclave that would rival the Chinese territory of Macau. The plan collapsed because Eightcity–the business consortium that includes the South Korean unit of luxury hotel operator Kempinski AG–failed to…