Dec 21, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck  
R&F Korea (RFKR), promoter of a stalled foreigner-only casino project (pictured in a file photo) at Incheon, South Korea, plans by December 29 to make a request to the authorities there to delay again its opening date, this time by a further 12 months. That is according to comment by the firm to GGRAsia, in response to our enquiry.
A quarter of the slated development work had been done, up to the time construction was suspended several years ago.
The current construction deadline – the latest in a series, with the others all having been missed – is March 17, 2024, as set by South Korea’s Ministry of Culture, Sports and Tourism.
RFKR, an entity linked to the financially-troubled Chinese real estate group Guangzhou R&F Properties Co Ltd, had in theory a December 16 milestone to give the ministry notice that it needed more time.
An official at the ministry had clarified to GGRAsia on December 13 that RFKR would be permitted – at what the ministry termed the company’s own risk – to make a request for a fresh extension “beyond the deadline” [milestone] for giving notice.
RFKR has previously been allowed four pushbacks on launch date since 2018, a period when Caesars Entertainment Corp was the casino partner on the scheme. It emerged in early 2021 that the casino brand – acquired by U.S. regional casino business Eldorado Resorts Inc – had divested its stake in the South Korea resort project.
The RFKR scheme is at Yeongjong Island, near the country’s main air hub, Incheon International Airport.
May 14, 2024
May 10, 2024
May 15, 2024
May 15, 2024
May 15, 2024
The growing use of so-called ‘smart tables’ for traditional casino table games in the Macau market and beyond – offering the potential for player-data acquisition as well as game security –...(Click here for more)
”By increasing our mass table offerings and effectively doubling our slot machine capacity, Solaire Resort North will put Bloomberry in a prime position to gain market share”
Enrique Razon
Chairman and chief executive of Bloomberry