Jeju Shinhwa World Casino Resort to Open More Entertainment Facilities

Casino resort developer Landing Jeju Development is set to launch another set of facilities as part of the KRW2-trillion Jeju Shinhwa World complex, currently being under development on South Korea’s Jeju Island.

The roll-out will include the opening of a theme park and a K-pop entertainment center. The theme park is set to open doors for visitors on September 30. As for the K-pop complex, which will include multiple entertainment and leisure options, it is slated to be launched in October.

The initial phase of the luxury integrated resort was rolled out in April 2017. That first phase included the launch of over 300 accommodation facilities, with some of those being villas and condominiums.

Jeju Shinhwa World will also feature a foreigners-only casino. It is still unknown when exactly the gambling portion of the resort will open for foreign visitors, but it is believed that the whole complex will be fully operational by 2019.

As mentioned above, residents of South Korea will not be admitted to the resort’s gambling premises. South Koreans are only allowed to gamble at one domestic casino – Kangwon Land Casino, located in the remote Gangwon Province. The South Korean government had previously considered the opportunity to remove the ban on locals, but not much had been achieved in that direction.

A Little More Details about Jeju Shinhwa World

The luxury casino complex is being developed as part of the massive gambling expansion currently taking place in South Korea. There has been great demand for integrated resort experience in the Asia-Pacific region and the country’s government decided that it should capitalize on the opportunity to attract both gambling and non-gambling tourists and thus boost multiple industries and the overall economy.

Jeju Shinhwa World has been put a KRW2-trillion price tag. Developer Landing Jeju Development has huge plans for the complex, which is set to feature a complete set of MICE (meetings, incentives, conferences, and exhibitions) facilities, among many others.

The developing company had initially partnered with Malaysian casino giant Genting Group. However, the latter company announced late last year that it was pulling out of the ambitious project. Genting sold its stake in the resort to Landing for the amount of $420 million. The major Malaysian operator explained that it wanted to focus its attention on other development opportunities, namely the recently legalized Japanese casino market.

When fully operational, Jeju Shinhwa World will feature multiple accommodation, food and beverage, retail, meeting, conference, and exhibition facilities. A movie theme park, product of the collaboration between Landing Jeju Development and American entertainment company Lions Gate Entertainment Corporation, will be among the flagship venues at the complex. The park will be split into seven movie zones, with those being developed to feature unique and authentic experience from blockbusters like The Twilight Saga, The Hunger Games, and many more. As already mentioned, all phases of the integrated resort are expected to be completed and launched by 2019.

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