In a filing with the Hong Kong stock Exchange this week Lippo Worldwide Investments stated that it was in negotiations with Caesars Entertainment over a possible sale of its stake in their planned $739 million integrated resort and casino slated for Incheon, South Korea. The project was approved by the South Korean government a year ago. Lippo stated in a January filing that they were not certain they would proceed with the project having failed to resolve issues with Caesars Korea Holding by the end […]

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Lippo Ltd, a property developer, revealed that there was uncertainty whether the joint gaming project with Caesars Entertainment Corporation would proceed. The joint venture was started back in 2013 in Incheon, South Korea and it was given the green light by the government in 2014. However, the realisation of the resort casino is still not 100% certain, according to Lippo. On Monday, the company stated that a consensus on all conditions in the conditional land sale and purchase agreement still […]

The post Lippo not certain if joint Caesars Korean casino project will proceed appeared first on World Casino News.