Lippo Worldwide Development is considering selling its stake in a proposed casino near Seoul in South Korea to its partner Caesars.

The Lippo-Caesars partnership had missed a recent deadline for moving the project forward and Lippo then said there were uncertainties about the $740m project.

Lippo owns 60 per cent of the project directly and through a subsidiary. The project has value because it has been approved by the Korean government.

Source: Fantini's Gaming Report