Only two out of eight foreigner-only casinos on the South Korean holiday island of Jeju are currently operating, according to Thursday telephone enquiries by GGRAsia. As of mid-December, four out of eight Jeju casinos had been running.
The latest one to undergo a temporary closure – of undetermined length – is Gongzi Jeju Casino (pictured in a file photo). It has been shut indefinitely since April 10, according to telephone calls made by GGRAsia to the venue, and to the Jeju local government.
The reason for the latest venue to suspend functions was “business deterioration” due to the Covid-19 pandemic. The suspension was “temporary, but with no time limit”, said the Jeju government official.
GGRAsia – Jeju Lotte casino shut, ready for permit swap to Dream Tower
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GGRAsia – Jeju governor nods casino permit transfer to Dream Tower
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Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for moving the gaming licence to the group’s new foreigner-only casino at the new Jeju Dream Tower complex on the north coast, a company representative has confirmed after a telephone enquiry by GGRAsia.
A representative at the Jeju local government also confirmed to GGRAsia the closure of Jeju Lotte’s casino, pending the relocation.
Won Hee-ryong, governor of the Jeju Special Self-governing Province, signed on Thursday morning a document considered mandatory before Lotte Tour Development can transfer its casino licence for Jeju.
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.