R&F Properties, a Hong Kong-listed company that bought out Caesars Entertainment's share in a joint venture project in Incheon, South Korea, needs government approval to continue with the development.
The Ministry of Culture, Sports and Tourism will give its decision and likely impose some conditions to the license, a local source said.
If the MSCT fails to approve the takeover of the license, R&F Properties will need to submit an application for a new one.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264