Landing International Development has issued a release informing investors that one of its employees in Jeju, South Korea, has disappeared, along with the KRW14.6 billion (US$13.4 million) that he or she was in charge of.
A report from the Bank of Korea has highlighted the dire economic situation faced by Jeju’s eight casinos, including an estimate that their combined sales for 2020 will come in at less than a third of the figure recorded in 2019.
South Korea has lost control of its Covid-19 pandemic as never before, and this is triggering additional delays in casino reopenings.
Mohegan Gaming said its Project Inspire in South Korea is scheduled to open in early 2023 and it expects to close financing in early 2021.
As we head into the final days of 2020, Covid-19 is once again ramping up in Asia creating new challenges for travel and tourism and triggering a new wave of restrictions.
South Korea said on Sunday it will extend social distancing measures introduced to try to curb the spread of the novel coronavirus pandemic for another six days, to Jan. 3 after reporting a further 970 cases on Saturday.
Hyatt Hotels Corporation has announced the opening of the 1,600-room Grand Hyatt Jeju in South Korea, the largest Hyatt hotel in Asia Pacific. This hotel is part of the Jeju Dream Tower which opened on Friday.