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With the 샌즈카지노 relocation to Jeju Dream Tower Complex Resort
With the 샌즈카지노 relocation to Jeju Dream Tower Complex Resort, which is scheduled to be completed in March next year, it is expected to be the first case of application of the casino industry impact assessment system introduced by Jeju Special Self-Governing Province.
In particular, Lotte Tourism Development, which acquired "paradise Jeju Lotte Casino" last year, aims to open its Dream Tower casino sales site in April, and Jeju Island is also planning to operate an impact assessment system from early next year, drawing keen attention from the provincial residents' community.
According to the Jeju provincial government on the 30th, the Jeju Provincial Council passed the "partial revision ordinance on casino management and supervision" at the second regular meeting of the 378th Jeju Provincial Council in the middle of this month, which includes conducting an impact assessment on the casino industry when the casino industry is newly established, relocated and expanded.
With the passage of the revised ordinance, Jeju Island will promulgate the "partial revision rule of the Jeju-do Ordinance on Casino Management and Supervision" on the 31st, which includes regulations on the assessment items of the casino industry's impact assessment, and begin to take effect in earnest.
The categories of impact assessment are largely divided into three categories: Area of impact on the local community Area of contribution to the local community and Area of collecting opinions from residents of the province.
The key is expected to be community impact areas. Items such as the impact of the local economy, which includes the amount of money to be paid, job creation, the impact of the tourism industry, which includes the goal of attracting foreign tourists, residential rights and learning rights that include plans to reduce the negative impact on the residential and educational environment around business sites, social and cultural impacts that include prevention and reduction of gambling addiction and casino-related crimes, and environmental pollution prevention and management plans.
Community contributions are items such as how to contribute to the surrounding areas and how to contribute to Jeju Island, and collecting opinions from residents of the surrounding areas of casinos includes the results of surveys of residents and residents of the surrounding areas.
In addition, Jeju Island will set up a manpower pool (50 people) for the operation of the Impact Assessment Review Committee in January after the announcement of the enforcement rules. When an impact assessment is submitted from the operator, about 15 of the pool of manpower will form a deliberation committee to deliberate and notify the provincial governor of the results within 45 days.
Lotte Tourism Development aims to complete the construction of the Dream Tower in March and open its casino business in April, but the casino opening is expected to take at least two to three months more than the goal as it will have to undergo administrative procedures such as approval of five-star hotels and assessment of casino impact even after completion.
"After the completion of Dream Tower in March, we will have a casino business and apply for relocation to Jeju Island," a Lotte Tourism Development official said. "We are currently in the process of hiring experienced employees, and we are planning to hire major and new employees from early next year."
Construction of the Caesar Korea Complex Resort, which drew attention as the first foreigner-only casino in Korea, has been suspended due to the issue of subcontracting reserve funds. Incheon Free Economic Zone Authority said Wednesday that construction work on the Caesar Korea complex resort has stopped.
The Caesar Korea Complex Resort, which began construction in September 2017, currently has a process rate of 24.55% with 24 floors of the 27-story frame construction.
The reason for the suspension of the construction was suspended after the builder, Tianli Korea Construction, delayed the ready-to-pay payment to its subcontractor, Ssangyong Engineering & Construction Co., by two months. Ssangyong E&C suspended construction work from Wednesday on five placards that once heralded the right to bid.
As the owner of the U.S. Caesars recently changed, he reportedly inspected ongoing projects in foreign countries and even mentioned the withdrawal of the Korean sadcasino.com in the process. The project calls for creating a luxury hotel (707 rooms), a casino for foreigners, convention facilities, entertainment facilities and sales facilities in the 7 Midan City in Unbok-dong, Jung-gu, Incheon. It was scheduled to be completed in the second half of 2021, but the opening of the building is expected to be disrupted.
Construction and Ssangyong Engineering & Construction held an emergency meeting in Seoul on Wednesday to seek a compromise, said an official at the Incheon Economic Office.
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