R&F Properties, a Hong Kong-listed company that bought out Caesars Entertainment’s share in a joint venture project in Incheon, South Korea, needs government approval to continue with the development.

The Ministry of Culture, Sports and Tourism will give its decision and likely impose some conditions to the license, a local source said.

If the MSCT fails to approve the takeover of the license, R&F Properties will need to submit an application for a new one.

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