CSA Cosmic plans KRW3.5bn investment in Blue One Casino
CSA Cosmic plans to invest KRW3.5 billion in Blue One Casino on Jeju Island, reportedly to become its largest shareholder. The proposed investment comprises KRW1.3 billion in convertible bonds and KRW2.2 billion in loans, which would be converted into shares; CSA Cosmic is also expected to acquire the casino division if Blue One separates it from the hotel business.
The proposed investment and casino division acquisition could change Blue One’s ownership and operating structure.