Blog entry by Alton Kirch
Kangwon Land recorded gross gaming revenue of $1.25 billion final year, extra than the 16 foreigner only casinos combined. Koreans are the greatest foreign income source for Philippine casinos, at present the closest significant gaming destination, with a flight time from Seoul about as extended as the trip to Kangwon Land. That exact same $2.2 billion value tag hangs on a Genting Singapore project for Jeju, a effectively established getaway and casino island location with visa-no cost access for mainland Chinese. The house will join Genting Group’s international gaming empire spanning Resorts Globe properties from Singapore to Manila to New York with more under improvement in Las Vegas and the UK. Of the six Incheon web-sites, two are close to the Caesars IR in Midan City at the northern tip of Yeongjong. According to a list compiled by KORE, a neighborhood subsidiary of Hong Kong billionaire and Macau gaming investor Cheng Yu-tung’s Chow Tai Fook Enterprises, was the sole bidder for one Midan City web page. Yet another Incheon internet site is close to the airport’s new terminal below construction, across the airport from the Paradise IR. Initial proposals for that web-site came from US tribal IR operator Mohegan Sun and state controlled casino operator Grand Korea Leisure.
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