{"id":6402,"date":"2024-08-01T09:03:22","date_gmt":"2024-08-01T08:03:22","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6402"},"modified":"2024-08-01T09:03:26","modified_gmt":"2024-08-01T08:03:26","slug":"north-koreas-tallest-building-to-transform-into-a-casino","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/08\/01\/north-koreas-tallest-building-to-transform-into-a-casino\/","title":{"rendered":"North Korea\u2019s Tallest Building to Transform into a Casino"},"content":{"rendered":"\n<p><strong>North Korean authorities<\/strong> have offered casino management rights to any company willing to complete the interior work of the stalled <strong>Ryugyong Hotel<\/strong> project in <strong>Pyongyang<\/strong>.<\/p>\n\n\n\n<p>Construction of the 105-story, 330-meter-tall building began in 1987, with an initial completion date set for 1992. However, work was halted following the collapse of the <strong>Soviet Union<\/strong>, which led to a significant reduction in funding for North Korea.<\/p>\n\n\n\n<p>While the building\u2019s facade was finished in 2011, its interior remains incomplete. The Ryugyong Hotel is currently known for its extensive LED lighting displays that frequently broadcast government propaganda.<\/p>\n\n\n\n<p>According to Radio Free Asia, a local resident stated: \u201cThe plan to install a casino in the Ryugyong Hotel is under consideration. The aim is to attract foreign investment. The rights to determine the casino\u2019s location within the hotel and to operate it will be granted to a foreign entrepreneur who invests in the internal construction costs.\u201d<\/p>\n\n\n\n<p>This initiative was approved by the Central Committee after evaluating the profitability of a casino similar to the one in the foreigners-only <strong>Yanggakdo<\/strong> <strong>Hotel<\/strong> in Pyongyang.<\/p>\n\n\n\n<p>North Korea currently has two casinos: one in the <strong>Bipa Hotel <\/strong>in the <strong>Rason Special Economic Zone<\/strong> near the <strong>Chinese and Russian borders<\/strong>, and another in the Yanggakdo Hotel.<\/p>\n\n\n\n<p>The revised plan for the Ryugyong Hotel follows an order from North Korean Supreme Leader <strong>Kim Jong-un<\/strong> for the government to implement practical measures to boost tourism.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Korean authorities have offered casino management rights to any company willing to complete the interior work of the stalled Ryugyong Hotel project in Pyongyang. Construction of the 105-story, 330-meter-tall building began in 1987, with an initial completion date set for 1992. However, work was halted following the collapse of the Soviet Union, which led [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,1],"tags":[9191,50,9189,9187,9185,9186,9190,9188,9184],"class_list":["post-6402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-news","tag-bipa","tag-casino","tag-dprk","tag-kim-jong-un","tag-north-korea","tag-pyongyang","tag-ranseong","tag-ryugyong","tag-yanggakdo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North Korea\u2019s Tallest Building to Transform into a Casino - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/08\/01\/north-koreas-tallest-building-to-transform-into-a-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Korea\u2019s Tallest Building to Transform into a Casino - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"North Korean authorities have offered casino management rights to any company willing to complete the interior work of the stalled Ryugyong Hotel project in Pyongyang. Construction of the 105-story, 330-meter-tall building began in 1987, with an initial completion date set for 1992. 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