International casino resort lands due to China's cold shoulder on S. Korea [games]
China's investment holding company Landing International, known as the owner of the ongoing Jeju Shinhwa World Casino Resort, has banned mainland Chinese tourists from visiting Korea after expressing concerns over a political conflict between Korea and the People's Republic of China.
In March of this year, Landing introduced 342 apartments as part of a $2.6 billion project. In fact, the operator decided to launch a casino venture in the Asia-Pacific region after relations between the two current competitors heated up . But this year, things changed dramatically, which once again led to a freeze in relations between the two powers.
Beijing Ban on Korean Gambling
Jay Ipoy, head of Landing International, told reporters in the local media South China Morning Post that the recently opened Shinhwa Theme Park has already experienced a slight decline due to the ban, but the company hopes it will be covered by domestic demand as Jeju Shinhwa World will become Korea's second integrated resort. Lee added that the number of theme parks throughout the area is not enough and that is hope in the clouds. First of all, the park is expected to give a strong boost to Jeju's tourism sector, which is expected to attract 15 million foreign tourists by 2018. It is important to note that operators are moving their casinos to the Shinhwa World Marriott Hotel, which is scheduled to open .
Lee explained that the company expects equal profitability of gambling and non-gambling activities. However, a ban on Chinese tourists could damage the company's casino operations because not all casinos based in Korea are allowed to accept locals as game players. Nevertheless, Lee shared that the company targets markets in many other countries, including Japan, South Korea, Hong Kong, Taiwan and Southeast Asia.
The opening of the Shinhwa Theme Park this Saturday attracted the attention of participants with an interesting and fun program, and the entire complex is scheduled to be completed in 2019, and the current operator will launch a second phase of the landing resort construction.
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In March of this year, Landing introduced 342 apartments as part of a $2.6 billion project. In fact, the operator decided to launch a casino venture in the Asia-Pacific region after relations between the two current competitors heated up . But this year, things changed dramatically, which once again led to a freeze in relations between the two powers.
Beijing Ban on Korean Gambling
Jay Ipoy, head of Landing International, told reporters in the local media South China Morning Post that the recently opened Shinhwa Theme Park has already experienced a slight decline due to the ban, but the company hopes it will be covered by domestic demand as Jeju Shinhwa World will become Korea's second integrated resort. Lee added that the number of theme parks throughout the area is not enough and that is hope in the clouds. First of all, the park is expected to give a strong boost to Jeju's tourism sector, which is expected to attract 15 million foreign tourists by 2018. It is important to note that operators are moving their casinos to the Shinhwa World Marriott Hotel, which is scheduled to open .
Lee explained that the company expects equal profitability of gambling and non-gambling activities. However, a ban on Chinese tourists could damage the company's casino operations because not all casinos based in Korea are allowed to accept locals as game players. Nevertheless, Lee shared that the company targets markets in many other countries, including Japan, South Korea, Hong Kong, Taiwan and Southeast Asia.
The opening of the Shinhwa Theme Park this Saturday attracted the attention of participants with an interesting and fun program, and the entire complex is scheduled to be completed in 2019, and the current operator will launch a second phase of the landing resort construction.
카지노사이트먹튀
タグ：games
2023-09-07 11:35
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