South Korean Airport Plans $3 Billion Casino Resort

Seoul, South Korea. InPark Magazine. January 12, 2012. (English). Bloomberg reports on Incheon International Airport’s plan to lure more Chinese travelers:“A U.S. company has proposed building the development, which will include a hotel and convention center, Lee Chae Wook, chief executive officer of the state-owned airport company, said yesterday in an interview in Incheon. A deal will probably be signed by the end of June, with construction starting next year, he indicated, without naming the investor.

“‘We want to build a landmark near the airport that will resemble Singapore’s Marina Bay Sands,’ Lee said. ‘The investment will help attract more visitors from China and create more jobs.’

“Incheon Airport, 50 kilometers (31 miles) west of Seoul, also plans medical centers, malls and entertainment facilities as Asian nations compete for holidaymakers from China, the world’s fastest-growing air-travel market. The Marina Bay Sands, built by casino-operator Las Vegas Sands Corp., opened in 2010. Singapore is aiming to triple tourism revenue by 2015.”

Full Story HERE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s