Plans progress for South Korean gambling mecca

Genting Singapore plans to open a $2.2B casino complex in South Korea.

The location is Jeju Island off the mainland.

The development has some interest to Caesars Entertainment (CZR), Universal Entertainment, MGM Resorts (MGM), and Wynn Resorts (WYNN) with the gaming companies all looking to create a gambling mecca in South Korea which could be similar to Macau.

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