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Tag Archives: Paradise City

Korea – Paradise City remains sluggish despite return of VIP Japanese

Despite casino drop coming in at just 16 per cent of pre-pandemic levels and attendance at just 31.8 per cent, Sega Sammy Holdings was able to announce a second quarter revenue rise of 70.9 per cent year-on-year at its jointly owned Paradise City South Korea. The company said revenues ‘remained sluggish due to the restriction…

Japan – Sega Sammy Holdings’ profits fall by 91 per cent

Japanese pachinko and casino operator Sega Sammy Holdings who is also a supplier for the industry, saw a 90.7 per cent drop in profit to Y1.27bn (US$11.6m for the financial year ended March 31. The company’s a joint venture partnership with Korea’s Paradise Co in South Korea’s Paradise City, saw guest levels plunge by 45.5…

Korea – Paradise City hits ‘record high’ due to Chinese and Japanese gamblers

South Korean casino Paradise City reached ‘a record high’ in the three months to June 30 with casino revenue at the Incheon resort up 61.5 per cent in the second quarter to KRW86.35bn due to improved gambling spend by Chinese and Japanese gamblers. Drop increased by 33 per cent year-on-year to a record KRW1.85tn thanks…

South Korea – Paradise City ramps up entertainment with launch of new facilities

Paradise Co will open the second stage of its phase 1 development of its Incheon integrated resort, Paradise City, on September 21. These total a combined 110,000 square meters and include Plaza – the shopping arcade, Cimer – a spa facility, Chroma – a night club, Art Paradiso – a suite-room only boutique hotel and…

South Korea – Paradise City opens in South Korea amid Chinese travel ban

South Korean casino operator Paradise Co and Japan’s pachinko specialist Sega Sammy have now cut the ribbon on Paradise City, the first integrated resort in Northeast Asia, which has opened at Yeongjong Island close to Incheon International Airport in South Korea. The foreigner-only casino has debuted with 154 game tables, 281 slot machines and 62…

South Korea – Paradise City to open on April 20

Paradise Sega Sammy has confirmed that it will open South Korea’s first integrated resort Paradise City on April 20, 2017. Located at the centre of a new tourist hub in Seoul, South Korea, the project combines a 3,600m2 retail complex with a nightclub of 6,200m2 that sits adjacent to it. Phase 1 of the project…

South Korea – Paradise City to drive revenue increase for Paradise

The anticipated April opening of new casino resort Paradise City in Incheon is expecting to help drive a revenue increase for South Korean operator Paradise Co of around 35.3 per cent. June-won Sung, analyst at Seoul-based brokerage Shinhan Investment, said: “Paradise Co as a whole is forecast to post sales of KRW938.6bn[US$805.3m]. The share price…

South Korea – SJM linked to management of Paradise City

Newspaper reports out of Seoul are stating that Macau-based SJM Holdings has been offered the chance to jointly manage the future casino at Incheon International Airport by its owners and developers; Paradise and Sammy Holdings. None of the parties involved have so far commented on the link. If it were to materialise it would mark…