Malaysia Genting to develop South Korean casino

Feb 10, 2014 7:20 PM

Malaysia Genting, one of the world’s largest gaming companies, plans to partner with a Chinese property company to develop a casino resort on South Korea’s Jeju Island.

The $2.2 billion project will be jointly built with Hong Kong-listed Landing International Development Ltd. on a 2.3 million square meter site, according to Andrew Lee, executive director of the Chinese company.

Genting, the company that operates the slots facility at Aqueduct racetrack in New York City, as well as gaming properties in a number of countries around the world, continues to pursue a casino license in south Florida where it has purchased major real estate parcels.

Construction on the Korean project will begin in June, the company said.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

 GamingToday on Facebook      and         GamingToday on Twitter