• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Paradise City additions expected to draw 4.8 mln visitors

Sep 17, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Paradise City additions expected to draw 4.8 mln visitors

Paradise Segasammy Co Ltd, the operator of the Paradise City casino resort in the South Korean city of Incheon, expects the second phase of the scheme to attract 4.8 million visitors to the development within a year, Yonhap reported.

The South Korean news agency added that the firm’s sales target for the new facilities next year is KRW500 billion (about US$445 million).

The first phase of Paradise City (pictured), comprising the casino, a hotel and a convention centre, opened in April last year.

In its first year the casino-resort attracted 1.2 million visitors.

No South Koreans are admitted to the casino.

The second phase, which opens this week, comprises a second hotel, a spa, a club and a shopping arcade.

The South Korean news agency quoted Paradise Segasammy chief executive Park Pyung-yong as saying: “We will emphasise the entertainment aspect through our second-phase opening, becoming a key tourism landmark of South Korea.”

The comments were made in a press conference at the resort on Thursday.

Yonhap reported Paradise Segasammy was making efforts to attract visitors from countries other than China, in view of signs that fewer Chinese than before are visiting South Korea.

Government data quoted by Yonhap indicate that the number of visitors to foreigners-only casinos in South Korea fell for the third year in a row last year because of a Sino-Korean political dispute. The 16 casinos reserved exclusively for foreigners, attracted 2.22 million visitors last year, 6.2 percent fewer than the year before.

The number of Chinese tourists visiting South Korea rose to 410,337 in July, 45.9 percent more than a year earlier. But the amount of growth was due to the low base figure last year, and the total in July this year was well below the tally of 917,519 in July 2016.

Yonhap quoted Paradise Co Ltd executive Park Jong-hoon as saying: “We don’t think the number of Chinese visitors will increase quickly in the near future. Yet we expect the upcoming opening will vitalise our marketing and attract more VIPs.”

South Korean resort operator Paradise Co and Japanese maker of slot machines Sega Sammy Holdings Inc started the KRW1.5 trillion casino resort project in 2011 and formed their Paradise Segasammy joint venture the following year.


  • tweet
Related articles
  • Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts
    Only 2 of 8 Jeju casinos now open as...

    Apr 15, 2021  

  • Paradise 4Q loss up sequentially, positive EBITDA
    Paradise 4Q loss up sequentially,...

    Feb 26, 2021  

More news
  • Belle Corp 2020 gaming revenue from CoD Manila dips 79pct
    Belle Corp 2020 gaming revenue from CoD...

    Apr 20, 2021  

  • Japan casino draft rules strict, but evolving: experts
    Japan casino draft rules strict, but...

    Apr 20, 2021  


Latest News

Belle Corp 2020 gaming revenue from CoD Manila dips 79pct

Belle Corp 2020 gaming revenue from CoD Manila dips 79pct

Apr 20, 2021  

Belle Corp’s 2020 income from gaming revenue fell 78.7 percent year-on-year, the firm said in a Tuesday filing to the Philippine Stock Exchange. The group has an interest in the gaming business of...
Read More
Japan casino draft rules strict, but evolving: experts

Japan casino draft rules strict, but evolving: experts

Apr 20, 2021  

Resorts World Las Vegas set to open June 24

Resorts World Las Vegas set to open June 24

Apr 20, 2021  

Macau gaming demand recovering comfortably: analysts

Macau gaming demand recovering comfortably: analysts

Apr 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$4.3 billion

Budget for Genting Bhd's Resorts World Las Vegas, to open June 24



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us