Completion of casino construction in South Korea postponed to 2025

Gambling News and Lucky Stories

As it became known, the South Korean casino-resort “Midan City” is planned to be completed and put into operation no earlier than in 2025. This was reported by local media.

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It should be noted that the construction process of the complex was frozen due to the epidemiological situation associated with the coronavirus in the past 2020. The object stopped a quarter of the way, so to speak. In addition, there were also changes in the composition of the developers. One of the partners – the American investor Caesars Entertainment sold its share to the new company. And now the project needs additional funding. Earlier, My Lucky Story informed its readers that in March of this year, state-owned gambling houses in Seoul resumed their work. In the same month, it became known that the South Korean authorities granted casino operators a one-year tax deferral in order to support the segment during quarantine restrictions.

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