A US company is considering investing in the development of a hotel and casino complex in Seoul, South Korea.
According to the Korea Times, representatives from the unnamed company visited a potential site on Yeongjong Island, where Incheon Airport is located.
"It is true that a US entity paid a visit to us," a member of the government told the newspaper. "Officials of the firm intend to funnel quite a lot of money for the project of building a complex on Yeongjong Island but as you know we don’t know anything for sure before we strike a deal when it comes to foreign investments."
South Korea is Asia-Pacific’s third largest gaming market after Macau and Australia. It is estimated that by 2014 the country’s gambling sector will grow to $3.4bn.
