Work begins on 250 hectare Resorts World Jeju casino development

A ground-breaking ceremony was held on Thursday (12th February) for Resorts World™ Jeju in South Korea, the latest integrated resort development in the Asia-Pacific region.

The US$1.8 billion project is jointly developed by Hong Kong-listed Landing International Development and Malaysia’s Genting Group, operator of Resorts World Sentosa in Singapore and the Genting Highland Resort in Malaysia.

Like Resorts World Sentosa, Resorts World™ Jeju will feature a casino at the heart of a development of hotels, theme parks, a water park and convention centres.

Situated on the southern side South Korean resort island of Jeju, the development will stretch across 2.5 million metre² (250 hectares) of land. The theme park will offer more than 20 rides and attractions in seven different zones.

While the resort’s premium hotels will have more than 2,000 rooms, boasting luxury villas, Jeju Island’s first 6-star hotel and a destination spa. The hotels are equipped with full meeting and conference facilities that are suitable for hosting regional and international meetings, incentives, conventions and events (MICE).

Expected to open in 2017, the integrated resort will feature a range of and entertainment amenities, as well as approximately 1,500 luxury serviced apartments and residential villas.

The entire development is expected to be completed by 2019.

Jeju Island currently there are eight casinos - all catering to foreigners as Koreans are not allowed in. Resorts World Jeju will be targeting visitors from China – who make up the largest group of foreign tourists to this country.

About six million Chinese tourists entered South Korea in 2014 – an increase of about 43% from a year ago.

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