As a 20- something living in New York off a diet of ramen noodles and $1 pizza slices, the idea of a multi-million dollar island resort dedicated to gambling seems unfathomable. But apparently they exist--and quite a number of them, too! Now, South Korea is looking to corner this extravagant market with a new $290 billion gambling paradise that will makes its rivals look like chopped liver. The incredible 8City, named after the lucky Chinese number 8, is a clear attempt to lure Chinese gamblers away from Macau, the Mainland's biggest gambling hot spot, and the countless luxury resorts in Dubai. Looking like something out of a space-age movie, 8City could be one of the most expensive and impressive man-made super islands in history.
The double-ringed development is planned for South Korea's Yongyu-Muui island, next to the country's international airport. A giant tube that runs between the two loops will be a 'Megastrip" akin to Las Vegas' famous sunset strip, except bigger, better, and a costing a few billion dollars more.
The project's hefty price tag is being funded by luxury hotel operator Kempinski, Korean Air, and building magnates Daewoo Engineering and Construction. If the audacious plan actually moves forward, 8City should be completed by 2030.
Images: courtesy of 8City
[via business insider]