Caesars Entertainment is on the clock to complete its Midan City integrated resort project on Yeonjong Island in South Korea, or risk losing its license.
Incheon Airport in South Korea. Caesars is under pressure to move forward on a project there or risk losing the license. (Image: YouTube)
Construction on the $700 million Caesars Korea project has been halted since February 2020 because of the coronavirus pandemic. The Nevada-based gaming company committed $140 million to the project and is partnering on it with China’s Guangzhou R&F Properties Co Ltd. But additional financing has been hard to procure. Just 25 percent of the construction is complete.