In South Korea and a senior official with the Incheon Free Economic Zone (IFEZ) has reportedly announced that the district is hoping to one day play host to a ‘cluster’ of up to seven integrated casino resorts.
Efforts are being centered around its Yeongjong Island, which is already home to the $1.7 billion Paradise City integrated casino resort from Japanese pachinko giant Sega Sammy Holdings Incorporated and Seoul-listed Paradise Company Limited, in an effort to bring ‘more diverse experiences and concepts’ to the low-tax precinct.
And is expecting to welcome the $1.6 billion Project Inspire development from Mohegan Gaming and Entertainment by the end of 2022.
The island connected to the city of Incheon by a pair of bridges largely consists of reclaimed land and could moreover soon be home to the $700 million Caesars Casino Incheon from Las Vegas-headquartered Caesars Entertainment Corporation.
The official purportedly moreover stated that the authority is looking to bring up to $10 billion in total investment to Yeongjong Island and will appeal to firms that may have missed out on the opportunity to secure one of the three coming Japanese casino licenses.
As South Korea and Japan have been ‘similarly affected’ by a recent slump in the numbers of outbound Chinese tourists, Kim finally reportedly pronounced that a $600 million investment on Yeongjong Island would represent a lower gamble for casino operators when compared with the ‘$10 billion invested on a Japanese project.
No Copyright infringement intended. Video/Photo Unknown Direct for credits/issue or text us +57 3606412 ... | Respect to Photographers & Influencers
