Jun 20, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  
Genting Singapore Plc, the operator of the Resorts World Sentosa gambling resort in Singapore, said it is delaying the ground-breaking ceremony for its casino on South Korea’s Jeju Island. The event was scheduled for Tuesday, June 24.
In a statement on Thursday quoted by Channel News Asia, Genting Singapore said the rescheduling is to allow the company the time to brief the newly-elected governor of Jeju on the casino’s development plans.
Resorts World Jeju is now expected to break ground in the third quarter of 2014 and scheduled to open gradually from 2017, according to media reports.
Genting Singapore is partnering with mainland China developer Landing International Development Ltd to build the US$2.2 billion casino resort in Jeju. The partners had said the property will be modelled after Resorts World Sentosa in Singapore.
The casino, open only to foreigners, is expected to have 800 gaming tables, including 200 for high rollers.
South Korea forbids its citizens from gambling in casinos except at Kangwon Land, a difficult-to-access location 150 kilometres (93 miles) southeast of Seoul in Kangwon Province. The country has 16 foreigner-only casinos whose primary customers come from China and Japan.
China became South Korea’s main source of tourists in 2013, supplanting Japan, after Seoul relaxed visa rules for holders of Chinese mainland passports.
The number of foreign visitors to South Korea rose 9.3 percent year-on-year in 2013 to 12.2 million, according to Korea National Tourism Organisation data. Chinese tourists accounted for 30 percent of all visitors to the country.
Jun 02, 2023
Jun 01, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31