New Silk Road Culture Tensions Co

New Silk Road Gets Approval For Jeju Casino Business

New Silk Road Culture Tensions Co. said the Jeju governor of South Korea has officially given the green light to its subsidiary, Macrolink Mounds of Honor, Inc., to pursue the Mounds of Honor casino resort business.

New Silk Road told the Hong Kong Stock Exchange on Friday that the development of the Hill of Glory promised to bring “sustainable” returns.

In 2017, New Silk Road announced that it had taken control of the macrolink hills of glory, injecting funds to develop a large resort complex on the hills of glory, including a “large casino”.

New Silk Road said last year it has a 55 percent stake in the Hill of Glory project. The company said the development will include five-star hotels, shops, homes, entertainment complexes, medical facilities, theme parks and golf courses.

New Silkroad already operates the Mega Luck Casino at the Jeju KAL Hotel on the island. The casino is open to foreigners only.

The company reported in August that its gaming business in Jeju had gross profit of HK$28.69 million ($3.66 million) in the first half of 2018, up 193.7% from a year earlier, as its business grew in the VIP gaming market.

In 2017, New Silk Road said Lawrence Hoya-Lung’s casino development company had a strategic alliance with Melco International Development, which would see it offer planning, development and execution advisory services as well as preparation and marketing events for the commercial launch of the casino, dubbed the “new casino.” Melco International controls the City of Dreams complex in Macau, Altira and Studio City Casino resorts, and Melco Resorts and Entertainment Limited, the company behind Manila’s City of Dreams resort.

BY: 릴게임

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