The Standing Committee of the Jeju Provincial Council has unexpectedly approved Lotte Tour Development’s request for approval of the Jeju Dream Tower casino in spite of the ongoing police investigation of allegations that public opinion surveys may have been manipulated.
Kangwon Land has launched a committee to promote gender equality, including the formation of policy recommendations on creating a gender-equal culture and work environment, supporting training for female talent development, preventing of sexual harassment and sexual violence, improving the evaluation system regarding maternity leave, and constructing a workplace daycare center.
Hong Kong-listed R&F Properties is seeking new financing and a casino operator partner for the Midan City development in Incheon, attempting to recover from Caesars Entertainment’s abandonment of the partnership.
When the Jeju Dream Tower opened its doors to the public in December, the executives of Lotte Tour Development told the local press that they hoped to have all the necessary permissions to open the casino by March.
Interblock has been working hard throughout 2020 with continuous product improvements and market developments under the global pandemic restrictions. Covid-19 has significantly affected the industry, however, one of our highlights is notably the successful bidding to supply a 64-seat ETG stadium to Kangwon Land Casino, South Korea. The only casino that allows locals to gamble.
The Kangwon Land Welfare Foundation announced that it provided KRW630 million (US$561,000) for the operation of social welfare facilities and group programs in Gangwon Province as part of the “Welfare Infrastructure Revitalization Project in 2021.”
Lotte Tour Development’s hopes of gaining quick approval to open the Jeju Dream Tower casino have been frustrated as the Jeju Provincial Council has delayed a decision, opting instead to investigate accusations by a local anti-casino group that the earlier public opinion surveys may have been manipulated.
South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.