• Korea gambles on Caesars

Caesars Entertainment and Hong Kong developer Lippo have won approval to build the first foreign-owned casino entertainment complex in South Korea. The hotel, gambling and shopping development will cost up to USD2.2bn, reports Bloomberg.

The project is destined for a site to the west of Seoul, near Incheon airport. Chinese tourists make up more than a third of visitors to the country.
Read the full story here:
http://www.bloomberg.com/news/2014-03-18/south-korea-approves-foreign-run-casino-to-lure-chinese-bettors.html

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