Lotte Tour Development, a South Korean travel company, is making its first solo foray into the casino business with the acquisition of the Paradise Jeju Lotte Casino for KRW15 billion ($13.4 million).
China State Construction Engineering Corporation (CSCEC) has been selected as the main builder for the 700 billion won high rise resort in Jeju Island, local media reports. The multi-complex resort, owned by Lotte Tour and Chinese real estate company Greenland Group will also include a casino for foreigners, shopping malls and 1,626 hotel rooms. The […]
Echo Entertainment, which beat Crown Resorts for a license to redevelop the Queen’s Wharf precinct in downtown Brisbane, says the project will be the best in Australia and an “asset for the state that will compete with anything in Macau or Singapore, or other destinations around the world.” In a release after the Queensland government […]
Chinese property company Greenland Group says it will keep bidding for major construction projects in Queensland, despite being defeated in its bid with Crown Resorts to redevelop the Queen’s Wharf in Brisbane, the Sydney Morning Herald reported. Greenland Group, in a joint bid with Crown Resorts, lost out to Echo for a chance to […]
Hong Kong-listed Landing International Development opened its Shinhwa World theme park at the end of September, as IR projects for the honeymoon island forge ahead despite the uncertainty caused by a diplomatic spat with China and tensions with the North. Arrivals from the mainland have slumped and while operators may be confident they can pull in tourists from elsewhere, they may find it harder to fill casinos.