S. Korea mulls easing casino investment barriers

    South Korea may reduce barriers to entry for companies developing resort-scale casinos in designated economic development zones, according to media reports. The move follows complaints from investors that the country’s requirement for a BBB credit rating was too stringent. The report follows news that PNC Capital & Investment Bank Group plans a $6.5 billion casino complex resort in an economic free zone in Yeongjong district in Incheon. PNC has submitted letter of intent to Korea Land Housing Corporation for ‘Kingdom World’ on a plot of 2.4 million square-meters of land.