Additional review of KINTEX, Casino, and Hotel in Seoul Exhibition Hall
Organizers of KINTEX, South Korea's largest exhibition center, said Tuesday in response to phone inquiries from GGRA that they were considering asking the South Korean government for a casino site.
Currently, only one of Korea's casinos, Kangwon Land, can provide services to local players. The rest are foreigner-only facilities.
KINTEX is originally operated by KINTEX Inc., a company specializing in manufacturing industrial materials. The complex is located in the northwest of the Seoul metropolitan area. The site currently has two exhibition halls that occupy a total exhibition area of 108,011 square feet.
According to KINTEX officials, the center is interested in building a third zone on the site, which will include a hotel and a casino. The new zone will occupy 293,735 sq. m, including about 70,000 sq. m of exhibition space, and cost about 485.3 billion won ($448.8 million) to develop.
The KINTEX representative also told GGRAsia that he first considered applying for additional casinos in 2009 following a related business proposal from U.S.-based leisure resort owner Central Florida Investments Inc., but the idea did not go ahead.
The idea of adding casinos as well as hotels is to compete with a market in Singapore for conferences, incentives, conferences and exhibitions (MICE) and Japan's planned Integrated Resorts (IR) project, which will mix the gaming business with conferences and leisure trade, organizers said. Singapore has had a dual casino monopoly as well as been a regional hub for conferences and events since before the pandemic.
KINTEX's proposal for on-site hotels and casinos went through some form of "evaluation" by the South Korean government in January 2020. Currently, the plan was in the "master plan" phase.
According to KINTEX's plan, the expo center will have a total exhibition area of 178,566 square meters, more than the 10th largest in Asia and about 20th among exhibition centers worldwide, the official added.
BY: 릴게임
Other interesting blogs
Chasing Waterfalls in Iceland
Iceland is spectacular in so many ways and Icelandic nature is quite unique with its vast landscape, volcanic activity, geothermal areas, glacier lagoons and sceneries, black sand beaches and spectRead moreSænautasel Turf House in the Highland of Iceland
In my search for turf houses around Iceland, I visited Sænautasel, which is a rebuilt turf house on Jökuldalsheiði heath in the highland of Iceland. It is, in my opinion, an extremely cute turf hoRead moreThe Dynamic Plant Lupine
People have been asking me where to find lupines in Iceland. If you like them you should be able to find them easily in Iceland in summer. They are in bloom and visible almost wherever you drive aroRead more
Download Iceland’s biggest travel marketplace to your phone to manage your entire trip in one place
Scan this QR code with your phone camera and press the link that appears to add Iceland’s biggest travel marketplace into your pocket. Enter your phone number or email address to receive an SMS or email with the download link.
