{"id":28235,"date":"2022-03-21T06:48:06","date_gmt":"2022-03-21T09:48:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28235"},"modified":"2026-04-23T10:22:57","modified_gmt":"2026-04-23T13:22:57","slug":"rf-properties-gets-another-year-for-south-korea-midan-city-complex","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rf-properties-gets-another-year-for-south-korea-midan-city-complex","title":{"rendered":"R&F Properties gets another year for South Korea Midan City complex"},"content":{"rendered":"\n

R&F Properties’ deadline to open of the first phase of the Midan City complex in South Korea has been extended by 12 months<\/p>\n\n\n\n\n\n\n\n

South Korea.- South Korea’s Ministry of Culture, Sports and Tourism has granted R&F Properties Co Ltd\u00a0<\/strong>permission to delay the opening of its\u00a0integrated resort in Midan City<\/strong> by 12 months. The RFKR Resort, which will have a foreigner-only casino, was due to open on March 17, 2023.<\/p>\n\n\n\n

It’s the second 12-month extension<\/a> 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.<\/p>\n\n\n\n

R&F Properties<\/strong>, the sole shareholder of the resort after\u00a0Caesars Entertainment<\/a>\u00a0dropped out of plans, has yet to announce a new operator partner.<\/p>\n","protected":false},"excerpt":{"rendered":"

R&F Properties’ deadline to open of the first phase of the Midan City complex in South Korea has been extended by 12 months<\/p>\n","protected":false},"author":176,"featured_media":16379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"R&F Properties has secured a 12-month extension from South Korea's Ministry of Culture, Sports and Tourism for the opening of the first phase of its Midan City integrated resort, the RFKR Resort, which features a foreigner-only casino. This marks the second such delay for the Yeongjong Island project, originally slated for 2021 completion. The developer, now the sole shareholder after Caesars Entertainment's exit, is actively seeking a new casino operator partner.","focusai_entities":"R&F Properties Co Ltd, South Korea\u2019s Ministry of Culture, Sports and Tourism, RFKR Resort, Caesars Entertainment, Incheon Free Economic Zone Authority (IFEZA)","focusai_location":"South Korea, Midan City, Yeongjong Island, Incheon","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financial Impact Analysis","query":"What are the specific financial implications of this second 12-month delay on R&F Properties' capital structure, projected return on investment (ROI), and potential impairment charges for the Midan City integrated resort?"},{"label":"Operator Search Impact","query":"How does the ongoing search for a new operator partner, following Caesars Entertainment's withdrawal, impact the long-term competitive positioning, operational strategy, and potential GGR projections for the foreigner-only casino vertical in South Korea?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-28235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28235"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28235\/revisions"}],"predecessor-version":[{"id":28248,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28235\/revisions\/28248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16379"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}