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Caesars to build first foreign-owned casino in South Korea • This Week in Gambling
Mass Live – South Korea said a consortium of Caesars Entertainment and Indonesia’s Lippo conglomerate has received a preliminary license to build a casino-resort near the country’s largest airport, stepping up competition among Asian countries to lure Chinese tourists. The Indonesian-U.S. consortium plans to spend 743.7 billion won ($696 million) to open a casino town in Incheon in 2018, South Korea’s culture ministry said in a statement Tuesday. It is the first South Korean casino license given to foreign investors, though a final approval is pending. It will become South Korea’s largest casino serving exclusively foreigners and boost the tourism...
This Week in Gambling