South Korea Is Planning To Build A $290 Billion Resort To Compete With Macau

South Korea Is Planning To Build A $290 Billion Resort To Compete With Macau
World
Like Us On Facebook
Like Us On Facebook

A few weeks ago South Korea publicly released plans for $290 billion island gambling city. AFP reports that the site will be Yongyu-Muui island near the country’s main international airport.

The project is said to be funded by luxury hotel operator Kempinski, Korean Air and Daewoo Engineering and Construction.

While the project is a rather ambitious one, hoping to attract Chinese gamblers, whether or not it will ever come to fruition is unclear seeing as how currently only $3 billion has been raised.

If the project were to be completed, it would be sometime around the year 2030.

Paul Hudson | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Paul Hudson

A young writer, philosopher, and entrepreneur, Paul Hudson has been writing for Elite Daily nearly since the start. Currently located in Manhattan, Paul Hudson primarily devotes his time between writing for Elite Daily and the two entrepreneurial endeavors he is currently pursuing: a mining company in Turkey and a video content platform called lilHub. He loves sharing his life experiences with his readers and makes sure to practice what he preaches.

More In World

World Sean Levinson

The Russian Geckos Sent To Space On A Sex Mission Are Now Lost

Russia has lost contact with a satellite carrying five geckos sent into space to have sex over and over again in order to show gravity’s effect on the act. The Moscow Times reports that the Photon-M4, launched on July 19, is still transmitting its location and system status, but not responding to commands from mission […]

Also On Elite

Film

The New Version Of Marvel’s Captain America Will Be Black

There continues to be more shakeups in the Marvel Universe. First, we heard that Thor would be a woman. And now we’ve learned that the new iteration of Captain America will be black. The announcement was made on “The Colbert Report,” which is fitting due to Colbert’s undying love for America and the fact that […]

Wellness

7 Annoying Pet Peeves That We All Wish Would Just Go Away

They’ve happened to you before and they’re the worst. You honestly dread running into any one of these situations because it’s rude to point them out to other people, but sometimes, you can’t hold your tongue. This is America, home of the free, but please, let’s all collectively agree to stop doing these seven things […]

World

Embrace The Hate: Spirit Airlines Is Giving Away 1 Billion Miles To Its Haters

Spirit Airlines, known for customer complaints about delays, terrible leg room, random and unexpected fees and rude flight attendants, is offering one billion free air miles for all of the terrible things it has subjected you to as a company. Spirit’s “Hate Thousand Miles Giveaway” campaign is handing out 8,000 miles per passenger. Get a FREE SPIRIT […]