Wednesday, January 11, 2012

South Korean Airport Plans $3 Billion Casino Resort

Lee Chae Wook, courtesy Incheon International Airport
Bloomberg reports on Incheon International Airport's plan to lure more Chinese travelers:

"A U.S. company has proposed building the development, which will include a hotel and convention center, Lee Chae Wook, chief executive officer of the state-owned airport company, said yesterday in an interview in Incheon. A deal will probably be signed by the end of June, with construction starting next year, he indicated, without naming the investor.
 

"'We want to build a landmark near the airport that will resemble Singapore’s Marina Bay Sands,' Lee said. 'The investment will help attract more visitors from China and create more jobs.'

"Incheon Airport, 50 kilometers (31 miles) west of Seoul, also plans medical centers, malls and entertainment facilities as Asian nations compete for holidaymakers from China, the world’s fastest-growing air-travel market. The Marina Bay Sands, built by casino-operator Las Vegas Sands Corp., opened in 2010. Singapore is aiming to triple tourism revenue by 2015." 


FULL STORY HERE

Related: Incheon Airport entertains travelers with cultural events