{"id":8337,"date":"2023-01-30T00:00:00","date_gmt":"2023-01-30T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/korea-integrated-resort-does-not-find-financial-leverage\/"},"modified":"2023-01-30T00:00:00","modified_gmt":"2023-01-30T00:00:00","slug":"korea-integrated-resort-does-not-find-financial-leverage","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/korea-integrated-resort-does-not-find-financial-leverage\/","title":{"rendered":"Korea integrated resort, does not find financial leverage"},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">R&amp;F Korea (RFKR), promoter of an under-construction casino report project in the Incheon Free Economic Zone in South Korea, is to apply by Tuesday (January 31) to push back by another 12 months the deadline for it to open, and intends also to scale down the scope of the scheme. The current deadline for launch is March 17 this year.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The company also affirmed that it had already sold off &ndash; to raise money &ndash; a land plot of 89,385 square meters (962,132 sq feet) at the site that had been earmarked for a third phase. RFKR added that meant it was no longer aspiring to have a third phase. <\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Were a new opening deadline to be granted by South Korea&rsquo;s Ministry of Culture, Sports and Tourism, it would be the fourth modification of the launch schedule since 2018, a period when the pre-merger Caesars Entertainment Corp was the casino partner. <\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">It emerged in early 2021 that the casino brand &ndash; by then taken over by U.S. regional casino operator Eldorado Resorts Inc &ndash; <\/span><\/span><\/span><span style=\"color:#0000ff\"><a href=\"https:\/\/www.ggrasia.com\/caesars-out-of-korea-casino-ex-partner-rf-asks-3yr-delay\/\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">had disposed of its interest<\/span><\/span><\/span><\/a><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The last time there was an extension, the conditions encompassed finding a new gaming-operator partner; resuming construction of the then-paused first phase; and clarifying the financing plan<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>R&#038;F Korea (RFKR), promoter of an under-construction casino in the Incheon Free Economic Zone in South Korea, is to apply by Tuesday (January 31) to push back by another 12 months the deadline<\/p>\n","protected":false},"author":1,"featured_media":5750,"menu_order":291,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4225],"class_list":{"0":"post-8337","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-rfkr-korea-incheon-casino-promoter","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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