The governor of South Korea’s Jeju Island has approved New Silkroad Culturaltainment’s plans to build a new casino resort on the resort island. According to GGR Asia, the Hong Kong company’s subsidiary Macrolink Glorious Hill will be handling the project.
The new casino resort is called Glorious Hill, and it will include a five-star hotel along with a theme park and golf course among other amenities.
The casino will only be open to foreigners and the Korean island is a destination for many Chinese and Japanese tourists.
New Silkroad acquired Macrolink Glorious Hill with the idea of expanding their business in Korea.
New Silkroad already owns a casino on Jeju, and gaming in Jeju accounted for $3.66 million in profits in the first half of 2018 for New Silkroad.
The company also owns and operates casinos in Macau and Manila.