Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos under the Seven Luck brand, has told GGRAsia it plans to continue having two casino venues in the country’s capital Seoul, despite media reports that one of its current host venues there is to be sold and demolished for redevelopment.
The GKL person, who asked not to be identified by name, said the firm had been doing contingency planning since last year, based on the possibility that the Millennium Hilton Seoul hotel (pictured) would be sold off. The person added that GKL’s lease on the casino facility there ran until “December 31, 2022”.
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The site is close to a set of three parks in central Singapore
A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks in central Singapore, edging out 14 other contestants including a joint offer by City Developments Ltd and a unit of Hongkong Land, according to an official announcement.
UOL Group Ltd joined with its subsidiary, Singapore Land Group Ltd and Kheng Leong Company, a private real estate business of UOL Group chairman Wee Cho Yaw, to offer S$381.4 million ($287 million) for the rights to a 31,699 square metre (341,205 square foot) project along Ang Mo Kio Avenue 1 near the Mayflower MRT station, which is slated to open later this year.
The Straits Times
QIA mulls injecting HSBC headquarters into CDL s planned Singapore Reit: Sources
QIA bought 8 Canada Square, the building in London s Canary Wharf financial district that houses HSBC s head office, in 2014.PHOTO: AFP
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