Construction Caesars Korea Has Already Stopped Ten Months

Home » Casino News » Construction Caesars Korea Has Already Stopped Ten Months
February 8, 2022
2 minutes
34

Construction Caesars Entertainment In Incheon Suspended, and His Fate Is Unknown

Casino construction midan city resort has been stopped for 10 monhs. The opening of the object scheduled for march 2021 is postponed, but indefinitely, since the operator have not yet submitted the relevant application and has not changed its details.

According to the edition of kendjin, there are concerns that if the ministry of culture, sports and tourism does not apply for the revision of the deadlines during december 2020, the future of the casino may be deprived of a preliminary license and the right to construction.

According to the ministry of culture, sports and tourism of december 14, 2020, the opening of midan city resort is scheduled for march 2021. This is contained in the "preliminary estimate", which the project operator received from the ministry of culture, sports and tourism for casino management exclusive for foreigners. However, due to the construction stop in february 2020, it im impossible to open it in scheduled time.

Pre-qualification for selection is a mandatory step to obtain a casino is obtained by checking after completing the work. Qualification can be saved only when the changes are approved before the scheduled opening time. Although there is no fixed term for changing the project details, it is expected that it will take more than one month.

A similar project "inspire complex resort", which casino complex on the island of yongzhong, also asked for permission to the ministry of culture, sports and tourism because of changes, including the transfer of discovery to october 2021, stating: "the period of construction will definitely be extended for the impact of corona-19.

For this reason, it expected that rfcz korea, a comprehensive resort operator in midida city, will be able to continue its existence only after submitting an application for extension and approval of changes in business details no later than the end of january 2021.
Rfcz korea belongs to caesars entertainment, usa, and puri group, the chinese developer, each side has 50% of the shares. It reported that among shareholders there are disagrements about the project.

Representatives of the office of the free economic zone incheon said: "we know that the agreement between shareholders has not yet been reached. Business cannot develop ".

The representative of the ministry of culture, sports and tourism said:

"We informed the operator of the resort complex on the application for a change in the business plan, but the documents were not preenented".

Source: kyongin edition

    How do you rate Construction Caesars Korea Has Already Stopped Ten Months ?

    Your email address will not be published. Required fields are marked *