31 Oct '12, 11am

S. Korea to build $353b casino city to rival Macau

SEOUL (AFP) - South Korea's port city of Incheon has teamed up with a group of investors to build a giant US$290 billion (S$353 billion) leisure and gaming destination intended to rival Macau by 2030, the developer said on Wednesday. The 8City project on Yongyu-Muui island near the nation's main Incheon international airport will feature casinos, hotels, shopping malls, theme parks, car racing tracks, ski slopes and a marina, developer Eightcity said. Shareholders include luxury hotel operator Kempinski, South Korea's flag carrier Korean Air and Daewoo Engineering and Construction. Construction at the 80 sq km site - three times larger than Macau - will begin next year and end by 2030, Eightcity said in a statement.

Full article: http://www.straitstimes.com/breaking-news/asia/story/s-ko...

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