Tag Archives: 8City
- South Korea’s EightCity project collapses after investor fails to raise cash
August 1, 2013
A proposal to build a massive Asian casino hub in South Korea’s Incheon region is in serious peril after one of its main backers failed to come through with the necessary financing. The hugely ambitious EightCity project, which was announced with great fanfare in October, envisioned a $290b complex of...
- Caesars inks Incheon casino JV; Korean investor laments Marianas casino holdup
January 24, 2013
Caesars Entertainment has formed a joint venture with Hong Kong-listed Indonesian conglomerate Lippo Group and an unidentified third party to seek permission from the South Korean government to build a resort casino in the Incheon area. The announcement, revealed in a filing with the Hong Kong Stock Exchange on Wednesday,...
- Universal firms up Incheon plans, inks Manila deal with Robinsons Land
December 12, 2012
Japanese pachinko manufacturer/casino operator Universal Entertainment has firmed up its plans to construct an integrated resort casino in South Korea’s ambitious 8City project on an island in the Incheon Free Economic Zone. Last week, Universal signed a non-disclosure agreement with the Shinsegae Group, one of South Korea’s leading retail shopping...
- Major Chinese online gambling bust; 8City analysts skeptical; Macau smoking law
November 1, 2012
While police forces across Asia were not shy about reporting their successes in the fight against bookies taking wagers on the Euro 2012 football championship, it seems the biggest bust of all went unreported… until now. Qu Weifang, head of the Shanghai Cyber Police, gave a press conference on Thursday...
- South Korea loosens laws to boost investment in 8City destination casino project
October 31, 2012
In order to snare a bigger slice of the Asian casino pie, South Korea is embarking on a mammoth leisure and gaming destination project in Incheon city, just west of the capital Seoul. If anyone doubted to whom the project was intended to appeal, the project will operate under the...
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017
Chinese tourists maintain biggest spenders’ crown
April 13, 2017