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07 Sep 2022

Jeju requests that local casinos that have been closed reopen on October 1st

According to reports coming out of South Korea and the government for the semi-autonomous island of Jeju, local casino operators have been asked to either fully reopen their temporarily closed venues by October 1 or provide valid reasons as to why this is impractical. This request was reportedly made by the government.

After the outbreak of the coronavirus pandemic and the implementation of a variety of stringent travel restrictions, the territory that is home to almost 700,000 people issued an order that every one of its eight casinos that are restricted to foreigners only will be shut down in November of 2020, according to a report that was compiled by GGRAsia. Despite the subsequent easing of such precautions and the implementation from June on of a visa-free entry scheme for citizens of a number of nations including the Philippines, China, Japan, Australia, and the United States, the source detailed that five of these venues remain closed. This is the case despite the fact that such precautions have since been eased.

Previous manifestations:

Reportedly, the three open casinos on Jeju include a gambling-friendly area within Lotte Tour Development Company Limited's 1,600-room Jeju Dream Tower facility as well as the Landing Casino enterprise located within the 617.7-acre Jeju Shinhwa World development from Hong Kong-listed Landing International Development Limited. Together, these casinos make up Jeju's open casinos. This club supposedly also incorporates the Paradise Casino Jeju Grand location, which is owned and operated by Paradise Company Limited. However, the remaining five locations have remained closed, most likely as a result of the sluggish rate of recovery for the once-thriving local tourism industry.

Definitive deadline:

According to GGRAsia, a spokesperson for the government of Jeju stated that local officials have licensing authority over all of the island's casinos and that they may begin re-evaluating the accreditations of any facilities that do not re-open by the autumn. This information was reportedly provided by the spokesperson. The person, who has not been identified, is said to have further declared that the official view of the governing body is that such venues are to be compelled to resume operations by the first day of October 'as we judge there is no cause to maintain interruption.'

According to reports, the anonymous spokesperson stated...

"If any of those venues desire to continue halting, they will need to speak with us in advance and provide appropriate grounds for their decision."

Turns that are tentative:

It was reported by GGRAsia that Manila-listed Bloomberry Resorts Corporation had earlier disclosed that its Jeju Sun Hotel and Casino venue will be re-opening from October 3, while the island's MegaLuck Casino enterprise from New Silkroad Culturaltainment Limited is scheduled to have completed its relocation to the four-star Jeju Shilla Hotel by the beginning of November. However, the source admitted that they did not have any information regarding when the jurisdiction's Jeju Oriental Hotel and Casino property and the Gongzi Jeju Casino space within the Ramada Plaza by Wyndham Jeju Ocean Front hotel are to revive services, as well as the timeline for the Yalanwan Casino amenity to have completed its move to the 500-room Lotte Hotel Jeju.

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