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Tag Archives: Korea

Korea – Gaming floor opens at Jeju Shinhwa World

Landing International has now opened Jeju Shinhwa World Landing Casino, located in Jeju Shinhwa World Marriott Resort. Dr.Yang Zhihui, pictured, Chairman and Executive Director of Landing International and Jay Lee, CEO of Landing Jeju Development Co., Ltd. officiated the opening ceremony of the casino and unveiled plague of Marriott Resort in the morning. The Group…

Korea – Jeju Shinhwa World’s Landing hotel launched in Korea

Landing Jeju Development, a wholly-owned subsidiary of Landing International Development Limited, has announced that the Group’s first hotel under its own brand – Jeju Shinhwa World Landing Resort, along with Landing Convention Centre opened on 11 November. Dr. Yang Zhihui, Chairman and Executive Director of Landing International and Landing Jeju and Mr. Jay Lee, Chief…

South Korea – Landing International completes acquisition of Jeju Shinhwa World

Landing International Development, owners of London’s Les Ambassadeurs casino, has now successfully completed the acquisition of the remaining 50 per cent of Jeju Shinhwa World in Jeju Island, the Republic of Korea. The 2.5m square metres integrated resort will launch in the fourth quarter of 2017 with offers a diverse range of world-class hospitality, leisure,…

Korea – Sands still has sights on $10bn Busan casino

Las Vegas Sands is still hopeful of being able to invest up to $10.8bn in developing a casino resort in Busan, a large port city in South Korea, famed for its beaches, mountains and temples. Speaking to the Korea Economic Daily George Tanasijevich, CEO of Marina Bay Sands revealed that if ‘investment conditions are met’…

South Korea – Grand Korea sees huge second quarter improvement

South Korean operator Grand Korea Leisure enjoyed a 38.1 per cent year-on-year increase in net income to KRW25.6bn (US$23.1m) in the second quarter of 2016. The company, which operates Seven Luck Casino, with branches in Seoul Gangnam, Millennium Seoul Hilton and Busan Lotte, reported that revenue for the period was up 5.4 per cent to…

Korea – Melco to advise New Silkroad Korea on Jeju casino

Melco Gaming Assets Management (Korea) Limited, a wholly-owned subsidiary of Melco International, has entered into a strategic cooperation arrangement with New Silkroad Korea Development Limited, a wholly-owned subsidiary of New Silkroad on the provision of consultancy services for its casino project on Jeju Island, South Korea. Melco is to provide consultancy services to New Silkroad…

South Korea – Jeju’s Dream Tower to host 200 gaming tables

China State Construction Engineering Corporation is to build a US$600m multi-complex casino resort in Jeju Island called Dream Tower. The company has been selected by project owners Lotte Tour and Greenland Group to build Dream Tower, the tallest building on Jeju Island, which will include a casino with 200 gaming tables and 400 slot machines….

Korea – Foreigner only rule will limit Mohegan Sun’s Korean returns

Fitch Ratings has warned Mohegan Sun that it ‘will have difficulty achieving robust returns on investments’ on its Integrated Resort planned for Incheon Airport in South Korea ‘due to the restriction on gambling activities to foreigners only.’ It also warned that competition from new casinos in the Asia-Pacific region would be relentless. Fitch stated: “Foreigner-only…

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…