R&F Properties’ deadline to open of the first phase of the Midan City complex in South Korea has been extended by 12 months
South Korea.- South Korea’s Ministry of Culture, Sports and Tourism has granted R&F Properties Co Ltd permission to delay the opening of its integrated resort in Midan City by 12 months. The RFKR Resort, which will have a foreigner-only casino, was due to open on March 17, 2023.
It’s the second 12-month extension granted for the project on Yeongjong Island in the Incheon Free Economic Zone Authority (IFEZA). The project’s first phase was originally due to be completed in 2021, and then in March 2022.
R&F Properties, the sole shareholder of the resort after Caesars Entertainment dropped out of plans, has yet to announce a new operator partner.