• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Jeju Shinhwa World opening resort casino Dec 8

Sep 21, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


Jeju Shinhwa World opening resort casino Dec 8

Chinese real estate developer Landing International Development Ltd said in a Thursday press release that the “official opening” of its new gaming resort project in South Korea – Jeju Shinhwa World – would be on December 8. It added that a casino facility would open there that day, but didn’t give further details.

In late August, the firm said in a filing to the Hong Kong Stock Exchange it might shift an existing casino operation it has at another Jeju resort, to the new venture.

Thursday’s press release said the firm was putting what it termed an additional US$300 million into the Jeju Shinhwa World project on Jeju Island, a destination popular with Chinese tourists.

“[The] total amount invested for the Jeju Shinhwa World project has now increased to more than US$1.5 billion,” said the press statement.

The investor had said in a September 14 filing to the Hong Kong bourse that it had completed the placing of 24 billion shares, raising net proceeds of HKD1.79 billion (US$229.2 million), which it said was for the Jeju scheme.

In late August the company had said in a filing that completion of Jeju Shinhwa World would take place “progressively from the fourth quarter of 2017 onwards,” with the project “completed by 2019”.

The firm had already announced an initial-phase opening in April, with the launch of a 344-unit serviced resort condominium called Somerset Jeju Shinhwa World.

Thursday’s press release said a facility called Shinhwa Theme Park would open to the public on September 30, and would offer 15 rides and attractions themed by TUBAn, a South Korean digital animation studio specialising in 3D work. In November, a facility called YG Town, operated by South Korean entertainment agency YG Entertainment – which represents entertainers including K-pop singers – is due to open at the resort and will feature a themed bar and café.

On December 8, facilities including a Marriott Resort Jeju Shinhwa World hotel, a Landing-branded hotel, a meetings incentives, conferences and exhibitions (MICE) centre, restaurants, and a shopping mall would open, along with an on-site casino, said Thursday’s release.

“The entire development of Jeju Shinhwa World is expected to be completed by the end of 2019, when the…Four Seasons Resort and Spa, and the…Hollywood-movies inspired outdoor theme park Lionsgate Movie World are scheduled to be ready for operation,” said the Thursday release.

The statement added that by year-end the resort was likely to employ 2,100 people, and 5,000 by the time the destination was fully operational by the end of 2019.


  • tweet
Related articles
  • China demand a boon to S.Korea casinos: brokerage
    China demand a boon to S.Korea casinos:...

    Mar 14, 2023  

  • Annual net casino sales double y-o-y at Jeju Dream Tower
    Annual net casino sales double y-o-y at...

    Mar 14, 2023  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us