Casino

Korea integrated resort, does not find financial leverage

Wednesday 01 de February 2023 / 12:00

⏱ 1 min read

(Seul).- R&F Korea (RFKR), promoter of an under-construction casino report project in the Incheon Free Economic Zone in South Korea, is to apply by Tuesday (January 31) to push back by another 12 months the deadline for it to open, and intends also to scale down the scope of the scheme. The current deadline for launch is March 17 this year.

Korea integrated resort, does not find financial leverage

The company also affirmed that it had already sold off – to raise money – a land plot of 89,385 square meters (962,132 sq feet) at the site that had been earmarked for a third phase. RFKR added that meant it was no longer aspiring to have a third phase.

Were a new opening deadline to be granted by South Korea’s Ministry of Culture, Sports and Tourism, it would be the fourth modification of the launch schedule since 2018, a period when the pre-merger Caesars Entertainment Corp was the casino partner.

It emerged in early 2021 that the casino brand – by then taken over by U.S. regional casino operator Eldorado Resorts Inc – had disposed of its interest.

The last time there was an extension, the conditions encompassed finding a new gaming-operator partner; resuming construction of the then-paused first phase; and clarifying the financing plan.

Categoría:Casino

Tags: Sin tags

País: South Korea

Región: Asia