Latest News

Back to Latest News back

 

Genting to build US$2.2 billion integrated resort in South Korea

Genting to build US$2.2 billion integrated resort in South Korea
February 12, 2014

Genting Singapore Plc, Southeast Asia's largest casino operator by market value, is to develop a new integrated casino resort on South Korea's Jeju island.

Following the success of its Resorts World Sentosa integrated resort in Singapore, the $2.2 billion project will be jointly built with Hong Kong-listed Chinese property company Landing International Development Ltd. (582) and initially target visitors from eastern and northern China.

The Genting group of companies has been expanding abroad, in Southeast Asia, the USA and United Kingdom in recent years, from its initial Resorts World Genting attraction in Malaysia's highlands.

With Asian gamblers having contributing to Macau's US$45.2 billion casino revenue last year, transformed the city into the world's largest gambling hub, ahead of the Las Vegas Strip, the joint investment plans to develop the new South Korean gambling and entertainment market.

Explaining the development, Landing International Development Chairman Yang Zhihui recently stated "eastern and northern China (are) very close to Jeju Island - roughly about a one-hour flight, which makes so much more sense for people in Beijing, Shanghai or Qingdao to come to Jeju Island than going to Macau."

To be built on a 2.3-million-square metre site, the Jeju resort will have a total of 800 gaming tables along with a theme park, a shopping mall, villas and apartments as well as three hotels that will have 2,800 rooms.

About 4.3 million Chinese tourists visited South Korea in 2013, an increase of 53% from the year before, and more than one-third of the country's total, according to data from Korea Tourism Organisation.

18th June 2013 - OVERSEAS CASINO OPERATORS EYE SOUTH KOREAN MARKET


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Augmented Creative

Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…

read more

Arts / Attractions / Consultants / Design / Tourism

 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 
 

Myzone

Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…

read more

Fitness / Sport / Technology / Wellness

 
 

SENtag

Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…

read more

Aquatics / Hospitality / Safety / Technology / Waterparks

 
 

CENTAMAN

Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…

read more

Access / Billing / Fitness / Technology / Ticketing

 
 

PlayRope

Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…

read more

Aquatics / Attractions / Parks / Play / Recreation

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business