Sands seeks to sell Seoul on integrated resorts

    Published in: Latest Intelligence   With local reports suggesting South Korea is about to give Caesars Entertainment Corp. approval to become the first Western casino operator in the country, rival Las Vegas Sands Corp. is hunting bigger game. The owner of the Marina Bay Sands casino resort in Singapore and Sands China Ltd.’s five casinos in Macau has launched a campaign to convince the government of the merits of breaking Kangwon Land Casino’s monopoly rights to serve South Korean gamblers. In a remote mountain valley, Kangwon Land’s position is the envy of many of its peers, with waits of an hour or more for a seat at a table common and revenue per table running double that of Macau’s casinos, according to analysts. This month, Kangwon Land opened its first new tables in nine years after a long push to win official approval.  The government granted Kangwon Land a 10-year extension of its...

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