GGRAsia – Caesars out of Korea casino, ex-partner R&F asks 3yr delay ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
February 19, 2021, 1:07 pm ·
Caesars Entertainment announced that it has decided to give up its stake in its planned casino project in Incheon, South Korea. The stake is going to the American brand’s partner, Hong Kong-listed company Guangzhou R&F Properties. The project called Caesars Korea Resort Complex was supposed to have a foreigner-only casino, among other facilities.
According to a source from the Incheon Free Economic Zone Authority (IFEZA), which is the public body overseeing the site, Caesars disposed of its stake in January. The source was unable to share what was the reason behind this move.
The project, also known as Midan City Resort Complex, was promoted by an organization called R&F Korea (RFKR). Its previous name was RFCZ Korea and it had been a 50-50 joint-venture between Caesars Entertainment and China Guangzhou R&F.
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