Caesars sets date for Incheon casino
Caesars Entertainment Corp casino in South Korea would open its doors by 2021.
South Korea.- Caesars Entertainment Corp revealed yesterday that the company expects to open its first Asian casino by 2021 as the construction phase of the development that will be is at Midan City in the northeast part of Yeongjong Island, keeps moving forward. The statement was confirmed by William Shen, Caesars’s senior vice president and managing director, Korea and Japan.
The South Korean casino will also be the first gaming and touristic venue in the country that will be fully operated by an American company. However, the project is co-developed with Hong Kong-listed Guangzhou R&F Properties Co Ltd, as reported by the company. The Yeongjong Island also hosts the Incheon International Airport, the main air hub serving the South Korean capital Seoul.
The official website of the Caesars Korea project also mentions 2021 as the year for its “grand opening”. “Our investment – we believe – is right-sized for the type of opportunity that is available to us as a foreigner-only casino,” Mr Shen commented during an interview with the local newspaper, GGRAsia.
“The concern is it’s a foreigner-only casino; it doesn’t have domestic [gambling customers] in the way Kangwon Land has tons and tons of visitors. I think our model is one where we want to emphasise non-gaming anyways: the non-gaming capabilities, the non-gaming offers that we have to showcase,” he added.
