Only two out of eight casinos are currently open on Jeju island in South Korea, which saw revenue from its foreigner-only properties drop 60 percent last year.
Hong Kong-listed Landing International has been given the official go-ahead to transfer its casino license from an existing hotel to its new property on Jeju Island, South Korea.
Landing International said its foreigner-only integrated resort in South Korea generated positive revenue in the second half of the year after it switched its focus to marketing to locals.
Jeju Dream Tower is one step closer to getting a casino after the local council approved its request to transfer an existing license to the new property.
Lotte Tour Development is eagerly awaiting official permission to open the Jeju Dream Tower casino, something which will likely boost revenues considerably. However, the licensing process has been proceeding more slowly than anticipated. Originally thought likely to open in March, rearguard opposition from some civic groups could delay the matter past the end of April.
A local union in Jeju held a public demonstration in which it pledged to work for the interests of casino workers who have been badly affected by the coronavirus pandemic and related crisis for the tourism industry.
Landing International Development has turned optimistic on its prospects for recovering most of the cash that it lost in the bold robbery carried out in Jeju over the New Year holiday period.
The local Human Rights Commission has judged that it constituted discrimination that a casino in Jeju demanded that one of its female dealers dye her gray hair to a darker color against her will. The media reports do not specify which casino was involved, except to suggest that it was one of the larger casinos on the island.
Lotte Tour Development held a special promotion for Jeju residents at Jeju Dream Tower that gathered more than 13,400 participants. Some residents won a one-night stay at the Grand Hyatt.
The eight casinos on Jeju island, South Korea, may soon be required to enhance their contributions to the local community as concerns have risen about their possible negative impacts on the region.