• 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

Grand Korea has MOU with Incheon Airport for casino

Jun 23, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Grand Korea has MOU with Incheon Airport for casino

South Korean casino operator Grand Korea Leisure Co Ltd confirmed in a filing on Monday that it has signed an agreement with the operator of South Korea’s main international airport (pictured) for use of land to build a casino resort.

The memorandum of understanding (MOU) with Incheon International Airport Corp for what Grand Korea referred to as “Yeongjongdo Casino Resort” follows a feasibility study and includes a business plan and construction plans. Details on the latter were not made public in the filing to the Korea Exchange, but the document did state details of the plan should be finalised within six months.

Grand Korea, a majority state-owned and state-run operator of foreigners-only casinos in South Korea, said in the regulatory filing it had chosen a financial advisor to attract investment for its planned casino resort.

Reuters news agency – quoting company sources – later identified the financial advisor as Korea Exchange Bank.

In April, U.S. regional tribal casino operator Mohegan Tribal Gaming Authority, known as Mohegan Sun, announced an agreement with the same airport operator for what was described as “first private jet terminal in the world connected to [an] integrated casino resort”.

Mohegan Sun had previously been linked in South Korean media reports to a possible partnership with Grand Korea for a South Korean casino resort, but both sides appeared to discount such a possibility.

Incheon International Airport, one of the largest air transport hubs in Asia, caters for more than 45 million passenger trips annually, according to official data.


  • tweet
Related articles
  • Grand Korea Leisure March casino sales leap m-on-m
    Grand Korea Leisure March casino sales...

    Apr 07, 2021  

  • Grand Korea Leisure’s Seoul casinos reopen
    Grand Korea Leisure’s Seoul...

    Mar 17, 2021  

More news
  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

  • NUSTAR complex in Cebu slated to open 2022: UHRI
    NUSTAR complex in Cebu slated to open...

    Apr 16, 2021  


Latest News

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Read More
NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Labour Day hols hotels to be 40-50pct full: Macau govt

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021  

Macau may tie GBA backing to gaming tender: law experts

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.15 billion

Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021



Most Popular

  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • Macau seeks mutual vaccine recognition with Guangdong: CEMacau seeks mutual vaccine recognition with Guangdong: CE April 13, 2021
  • Macau subsidised staycation for locals covers casino resortsMacau subsidised staycation for locals covers casino resorts April 14, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us