Genting Joins $2.2B Venture To Build Korean Casino Resort

Law360, Washington (February 7, 2014, 6:02 PM EST) -- A subsidiary of Malaysian conglomerate Genting Group has agreed to an estimated $2.2 billion joint venture deal with Chinese property developer Landing International Development Ltd. to build an integrated casino-resort in South Korea, the companies announced Friday.

The as-yet unnamed resort will be located on Jeju Island off the south coast of the Korean mainland, a region which attracts about 10 million visitors each year, with foreign visitorship — particularly from China — growing and expected to keep growing strongly over the next several years, the...
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