• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Genting’s casino in Jeju faces governor resistance

Aug 19, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  


Genting’s casino in Jeju faces governor resistance

The governor of Jeju Island, Won Hee-ryong, is showing resistance to the construction of a casino resort by Ramjung Jeju Development Corp, a joint venture between mainland China real estate developer Landing International Development Ltd and Genting Singapore Plc, a subsidiary of Malaysian conglomerate Genting Bhd.

Mr Won said in a radio interview quoted by Korea Bizwire that the construction application by Ramjung had no mention of a casino. That constitutes sufficient ground for application cancellation, the Korea Bizwire reported.

Construction of the US$2.2 billion casino resort on Jeju is expected to start in the third quarter of 2014, after the partners decided to postpone the ground-breaking ceremony originally scheduled for June 24. The property will be modelled after Resorts World Sentosa in Singapore and will be called Resorts World Jeju.

Media reports say the ground-breaking ceremony was postponed after Mr Won ordered a review of the project for allegedly having exceeded the agreed planning permission.

“Before deciding whether to give permission to the casino application, we need to create a supervisory body for casino operations in the province in consultation with the central government. To do that, it will take at least six months or one year,” Mr Won was quoted as saying during the interview.

The comments by Mr Won, a member of the ruling New Frontier Party, clash with last week’s announcement by the South Korean national government that it planned to reduce regulatory barriers faced by developers of integrated resorts that contain gambling facilities.

“Given international casino operators are flocking to Korea with an aim to open casinos for Korean nationals in the future, we must be vigilant about protecting our citizens from unscrupulous operators,” Mr Won, who was elected in June, said in the interview.

He has for several times showed his concern about the opening of more casinos in Jeju Island.

The province, one of the major touristic destinations in South Korea, has eight casinos in operation. All are only for holders of a foreign passport.


  • tweet
Related articles
  • Paradise 4Q loss up sequentially, positive EBITDA
    Paradise 4Q loss up sequentially,...

    Feb 26, 2021  

  • Kangwon licence extension to come with tax rejig: JP Morgan
    Kangwon licence extension to come with...

    Feb 24, 2021  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Galaxy Macau Phase 3 MICE to launch in stages says execGalaxy Macau Phase 3 MICE to launch in stages says exec February 24, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us