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South Korea, the east Asian nation known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples is hopefully looking forward to having a new tourist attraction to be fostered by the LongRunn International.
In view of this, the Authorities of South Korea are planning to approve a new development near the Incheon International Airport area to be operated by LongRunn International, the Chinese resorts and gaming company. The Asian industry persists to grow as Japan prepares to invade the regional market, positioning the country as one of the strongest competitors on the continent.
South Korea is, therefore, invigorating its market with the approval of a new project, Diamond City. LongRunn International, the Chinese real estate and resorts developer, would invest over US$4.5 billion in the property. The company has already purchased a parcel of land where the facility would be installed for US$80 million.
The project would be developed by LongRunn in partnership with China state-owned enterprises and a prominent listed HK real estate developer and would include residences, a 7-star hotel, casino, office tower, retail mall, schools, medical and aesthetics centre, interactive world cultural avenue, K Pop hub, and theme parks.
Meanwhile, the American native tribe Mohegan Sun has launched a new casino in South Korean that offers international services such as a foreigner-only casino, three hotel towers with a total of 1,350 rooms, a 15,000-seat arena, a theme park, convention space, and shops and restaurants.
Source: European Gaming Media and Events