Won Hee-ryong, governor of the Jeju Special Self-governing Province in South Korea, signed on Thursday morning a document considered mandatory before Lotte Tour Development Co Ltd can transfer its foreigner-only casino licence for Jeju, from its existing Lotte Hotel Jeju to its newly-opened scheme, Jeju Dream Tower (pictured).
There must still however be a period of inspection and checks by the local casino regulator that could take at least a month.
Information on the signing was relayed via a live online briefing on Thursday morning by the Jeju local government.
Before Jeju Dream Tower casino can open, the local government will need to do an inspection of the new facilities, the Jeju local government told GGRAsia. The inspection and certification might require around 30 days, stated a government representative.
The authorities in Jeju city, the capital of the South Korean holiday island Jeju, said on Thursday they had issued a tourism accommodation business registration certificate to the Grand Hyatt Jeju hotel within the Jeju Dream Tower development (pictured in an artist’s rendering), enabling the hotel to open to the public on Friday (December 18) as scheduled. That is according to Yonhap news agency.
Grand Hyatt Jeju features 1,600 all-suite rooms. The property also offers 14 restaurants and bars, and “world-class hotel amenities and recreational facilities,” according to previous statements by the promoter.
Jeju Dream Tower – promoted by Lotte Tour Development Co Ltd – is expected eventually to have a foreigner-only casino.