The government of South Korea has granted a one-year delay to a developer working to complete Phase 1 of a casino resort on Incheon. South Korea’s Ministry of Culture, Sports and Tourism also agreed that the developer, Hong Kong-listed Guangzhou R&F Properties Co. Ltd. can assume the stake in the project that was previously held by U.S. casino brand Caesars Entertainment.
Caesars’ former partner of had sought a three-year delay before it has to open.
According to GGRAsia, the scheme known as the Midan City Resort Complex is now being promoted by an entity called R&F Korea, which must find a new partner with casino experience to take the place of Caesars.
