AS PART of a plan to attract more tourists, South Korea will approve the construction of two more casino resorts and 5,000 new hotel rooms this year.
According to Reuters, the South Korean government is aiming to increase tourism investment by some 3.5 trillion won or US$3.3 billion.
The integrated resorts and their foreigner-only casinos and will be run by government-appointed operators, each to inject one trillion won each into the resorts by 2H2015.
This is in line with South Korea’s three-year economic plan, said the Reuters report.
Two consortia – comprising Caesars Entertainment and Lippo, and a joint venture of South Korean company Paradise and Japan’s Sega Sammy Holdings respectively – have been given the go-ahead.
