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Genting to Build $2.2 Billion Casino Resort in South Korea

Genting Singapore Plc, Southeast Asia’s largest casino operator by market value, will develop a casino resort on South Korea’s Jeju island to target Chinese bettors.

The $2.2 billion project will be jointly built with Hong Kong-listed Chinese property company Landing International Development Ltd. and initially target visitors from eastern and northern China, Yang Zhihui, chairman of the Chinese company, said at a press conference in Hong Kong yesterday.