{"id":48580,"date":"2017-04-17T16:00:12","date_gmt":"2017-04-17T23:00:12","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=48580"},"modified":"2017-04-17T15:07:16","modified_gmt":"2017-04-17T22:07:16","slug":"1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/","title":{"rendered":"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island"},"content":{"rendered":"

Jeju Shinhwa World, the $1.8 billion integrated resort development on South Korea\u2019s Jeju Island has announced its initial-phase opening next week.<\/p>\n

\"Jeju
Hong Kong\u2019s Landing International keeps faith with Jeju Shinhwa World on South Korea\u2019s Jeju Island after Genting jumped ship. An artist\u2019s rendition of the finished product is pictured. (Image: AP)<\/figcaption><\/figure>\n

The project\u2019s developer eventual operator, Hong Kong<\/a>-listed real estate firm Landing International, plans to open 344 units of accommodation on April 25.<\/p>\n

More facilities are expected to be unveiled at Jeju Shinhwa World later this year, while the entire project is expected to be completed by 2019.<\/p>\n

\n

\u201cProgressively, from late 2017, Jeju Shinhwa World is \u2026 set to open its family theme park, YG entertainment center, water park, Jeju\u2019s largest retail and food beverage complex, hotel rooms and MICE facilities and foreigner-only casinos,\u201d said Landing in a recent press release.<\/strong><\/p>\n<\/blockquote>\n

\u201cForeigner-only\u201d casinos are the norm in South Korea, since nationals are prohibited from gambling in the country\u2019s casinos, with the exception of the remote Kangwon Land Casino\u00a0in Sabuk-eup at the foot of Mount Harnbaeksan.\u00a0\u201cMICE,\u201d meanwhile, refers to meetings, incentives, conferences and exhibitions.<\/p>\n

Genting Jumps Ship <\/b><\/h2>\n

Landing already operates a casino on Jeju Island, the Landing Casino at the Hyatt Regency Jeju Hotel. It also operates the prestigious Les Ambassadeurs Club, a private gambling club for high rollers, in London\u2019s wealthy Mayfair district.<\/p>\n

Jeju Shinhwa World began life as a joint project between Landing and Malaysian casino giant Genting<\/a>, until the latter dumped its interest in the project, agreeing to sell its 50 percent stake to Landing for $420 million, in November last year,<\/p>\n

Genting said that it instead wanted to focus its brand on other areas, namely Japan, and to a lesser extent, Singapore.<\/p>\n

\n

\u201cThe group has narrated its shift to focus on different market segments and has been developing strategies to improve offerings to the affluent target markets,\u201d explained Genting in an official statement at the time. \u201cThese strategies, including the group\u2019s brand repositioning and development of new facilities, will help it grow within its home base in the near term.\u201d<\/strong><\/p>\n<\/blockquote>\n

Focus on Japan<\/b><\/h2>\n

Genting was the second major investor to pull out of Jeju developments, following\u00a0 <\/span>Bloomsbury Resorts selling its interest in the Jeju Sun casino several months earlier, reflecting, perhaps, a loss of faith among casino giants in the Korean casino market.\u00a0 \u00a0<\/span><\/p>\n

The South Korean government had made noises about rescinding the prohibition on locals gambling, but some developers have grown tired of waiting and have doubts that it will ever happen. And now, with the opening up the Japanese market, the focus for many lies elsewhere.<\/p>\n

But Landing is retaining faith that this paradise resort island, which offers visa-free access for Chinese visitors, will attract sufficient high-roller interest to make those investment dollars work.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jeju Shinhwa World, the $1.8 billion integrated resort development on South Korea\u2019s Jeju Island has announced its initial-phase opening next week. The project\u2019s developer eventual operator, Hong Kong-listed real estate firm Landing International, plans to open 344 units of accommodation on April 25. More facilities are expected to be unveiled at Jeju Shinhwa World later […]<\/p>\n","protected":false},"author":42,"featured_media":48581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island<\/title>\n<meta name=\"description\" content=\"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island\" \/>\n<meta property=\"og:description\" content=\"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-17T23:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-04-17T22:07:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/\",\"url\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/\",\"name\":\"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png\",\"datePublished\":\"2017-04-17T23:00:12+00:00\",\"dateModified\":\"2017-04-17T22:07:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png\",\"width\":750,\"height\":400,\"caption\":\"Hong Kong\u2019s Landing International keeps faith with Jeju Shinhwa World on South Korea\u2019s Jeju Island after Genting jumped ship. An artist\u2019s rendition of the finished product is pictured. (Image: AP)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island","description":"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/","og_locale":"en_US","og_type":"article","og_title":"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island","og_description":"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0","og_url":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2017-04-17T23:00:12+00:00","article_modified_time":"2017-04-17T22:07:16+00:00","og_image":[{"width":750,"height":400,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png","type":"image\/png"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/","url":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/","name":"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png","datePublished":"2017-04-17T23:00:12+00:00","dateModified":"2017-04-17T22:07:16+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Hong Kong\u2019s Landing International prepares to unveil phase one of Jeju South Korea resort project.\u00a0 \u00a0","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/04\/jeju.png","width":750,"height":400,"caption":"Hong Kong\u2019s Landing International keeps faith with Jeju Shinhwa World on South Korea\u2019s Jeju Island after Genting jumped ship. An artist\u2019s rendition of the finished product is pictured. (Image: AP)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/1-8-billion-jeju-shinhwa-world-open-first-phase-south-korean-resort-island\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"$1.8 Billion Jeju Shinhwa World to Open First Phase on South Korean Resort Island"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/48580"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=48580"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/48580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/48581"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=48580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=48580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=48580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}