Caesars Abandons South Korean Casino Development

This week Caesars Entertainment revealed that they're giving up their stake in a proposed casino development in Incheon, South Korea, but didn't share a reason for pulling out.

The company will be pushing off its stake in the property to Hong Kong company Guangzhou R&F Properties. The project has the name of Midan City Resort Complex, and was a 50-50 venture between Caesars and China Guangzhou R&F.

Construction was slated to begin in March, but is instead now being pushed back to March of 2024. This is the latest in a string of abandonments of Asian projects by Caesars. The company previously announced that they were giving up trying to obtain a Japanese gaming license.

We're following the development of the property and will update readers as the project comes together.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.

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