Grand Korea Leisure signs MOU for Incheon casino

Grand Korea Leisure says it has reached an accord with Incheon International Airport to locate a casino on nearby land.

The company signed a memorandum of understanding after a detailed feasibility study was carried out, including business and construction plans, local media reported, citing a Korean Stock Exchange filing. The company gave no details of its plans for the resort, which it said would be finalized within the next six months. 

The company has also identified a financial adviser to help it attract investors for the integrated resort project. Media reports said the adviser was Korea Exchange Bank.

 

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