Reuters: Regulatory News: S.Korea rejects preliminary casino licence for Caesars, Universal

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S.Korea rejects preliminary casino licence for Caesars, Universal Jun 21st 2013, 09:13 SEOUL/HONG KONG, June 21 | Fri Jun 21, 2013 5:13am EDT SEOUL/HONG KONG, June 21 (Reuters) - South Korea has rejected preliminary casino licences for two international bidders, a Caesars Entertainment and Lippo Limited consortium, and Kazuo Okada's Universal Entertainment. The surprise move could stall plans for casino development as a means to attract tourists. The Ministry of Culture, Sports and Tourism confirmed to Reuters on Friday that both requests for licences were rejected. A ministry spokeswoman was not able to provide a reason for the rejection.

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