Las Vegas Sands wants to build a world-class integrated resort with a casino that is accessible by locals with certain restrictions in South Korea.
The company that built Marina Bay Sands in Singapore has been weighing up South Korea for its next project as Asia’s fourth-largest economy has been toying with the idea of easing casino regulations to boost tourism and attract investment.
“We are interested in Korea,” said George Tanasijevich, Sands’ managing director of global development. “We think it is a top development opportunity for our industry and for our company and we are very eager to find an opportunity to contribute in Korea in an appropriate manner. What we are looking for is a location that can support our business model.”
Tanasijevich said his company has recently proposed to the Seoul government the construction of “a truly iconic building” in Jamsil, the site of the 1988 Olympic Games main stadium, located in the affluent southern Seoul area. It is close to the Hangang River that runs through the capital city with a population of over 10 million and Lotte World Tower, a 123-storey building currently under construction.
