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

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 Liz Rowley

Your Sleeping Position Can Tell A Lot About The Relationship You’re In (Photo)

How we sleep could be an indication of the strength of our relationship, according to recent findings by the Edinburgh International Science Festival. The research defines particular sleeping positions for couples, such as “face to face, but not touching” and “facing same direction, but touching.” To each of these categories, the study assigns an overall […]

World Liz Rowley

You’ve Never Seen New York City Quite Like This (Video)

Do your self a favor and take two minutes to watch this video. Whether you adore the concrete jungle or not, this will ignite new love in audiences far and wide. Posted to Vimeo yesterday, this is an aerial montage of New York City. Shot by Randy Scott Slavin and set to music by DJI Phantom, […]

World Liz Rowley

The Best Neighbor Ever Welcomes New Tenant With Amazing Letter (Photo)

I expected this story to unfold in some scathing and embittered back-and-forth between two tenants. At first glance, my instinct was mistrust and skepticism. This must mean I’ve lived in New York just long enough to be jaded. Needless to say, by the time I finished reading I was ashamed at myself for forgetting that, […]

Also On Elite

TV

‘Mad Men’ Gets A Blaxploitation Makeover And The Result Is Hilarious (Video)

Real-life ad agency Leroy & Clarkson imagined what AMC’s wildly popular series, “Mad Men” would be like if it got a full, badass blaxploitation makeover, and the result? Don-o-Mite. Don must save the worst agency on Madison Avenue or go back to jail, and in this game it’s either “pitch or get ditched.” Along the way, […]

Wellness

9 Things Insecure People Do That Ruin Their Lives

Insecurity is the dumbest thing that we all feel. Every person in the world has something he or she is insecure about – even if only slightly. Well, some of the less mentally stable may have issues with shame, guilt and empathy, but the average individual does feel insecure about something or other. It may […]

World

Man Sets World Record By Parachuting 14,000 Feet With Bed Sheet (Video)

Ernesto Gainza realized his dream of securing a spot for himself in the Guinness Book of World Records: Tackling a terrifying 14,000-foot descent, armed with the world’s smallest parachute. His parachute was, in fact, a bed sheet measuring a minuscule 35 square feet. The Venezuelan daredevil said, “It was awesome, amazing and emotional. I had to […]

Gentlemen

Why You Should Date A Girl Who Speaks Another Language

She’s complicated, she’s complex, she’s intriguing. She’s great to bring to parties and even better to introduce to your parents. She’ll guide you through the mountains of Switzerland and the streets of Paris. She’ll take you to Brazil and order you the most delicious things on the menu. She’ll take you flamenco dancing in the […]