Inside Asian Gaming

IAG SEP 2019年9月 亞博匯 29 An artist’s impression of Caesars Korea in Incheon. 仁川Caesars Korea綜合度假村設計概念圖。 封面故事 of the Orient Golf Club at the edge of Cotai for US$578 million, a deal that failed to yield a Macau gaming license and produced a US$140 million capital loss for Caesars. Initiated in 2014 and scheduled to open in 2021, Caesars Korea plans more than 720 guest rooms, suites and villas. “With classic and contemporary blends of Greco- Roman architectural influences, it will be unmistakably Caesars,” the project website says. Beyond the foreigner-only casino, features include a conference center, multiple live entertainment venues including a multi-purpose theater, celebrity chef restaurants, Caesars’ Qua Baths and Spa and a “signature indoor- outdoor pool experience.” During Caesars’ second quarter earnings call in August, an analyst asked Rodio for an update on the Korea project. “Well, it’s certainly a focus of ours. We’ve got US$80 million that we put into it to date,” Rodio replied. “That’s going to be a focus of our attention over the next month or two to come up with a recommendation for the board.” Caesars CFO Eric Hession added, “Our maximum future contribution to the project is US$60 million.” On Eldorado’s earnings call a day later, Reeg wouldn’t elaborate on what Caesars executives said. The cash demand Hession cites may not seem overwhelming but Caesars’ 2018 annual reports envisions financing the balance with more than