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Sega Sammy’s Paradise City IR Set to Open Indoor Amusement Park

The Paradise City IR in Incheon, the joint venture between Sega Sammy Holdings and South Korean resort operator Paradise Group, has announced that the indoor amusement park “Wonderbox” is set to open to the public this coming Sunday.
Inspire IR in Incheon Korea

Mohegan and Paramount Pictures to Collaborate at IR in Incheon

Mohegan Gaming & Entertainment and the Paramount Pictures Corporation have announced an agreement to build a 404,000 square meter Paramount Pictures-branded theme park at the Inspire IR in Incheon, South Korea.
Paradise Group gain

Paradise Group November Sales Drop 5 Percent

Paradise Group casino sales fell almost 5 percent in November as a gain in electronic gaming machine revenue failed to offset a drop in tables.

Paradise October Sales Jump 39.2 Percent

Paradise Entertainment posted a 39.2 percent jump in October casino sales from the same month last year, lead by table games.

Opposition Demands Probe into Illicit Hiring Scandals

South Korean opposition parties on Monday submitted a proposal to launch a joint parliamentary probe into alleged illicit hiring practices of public agencies, including state-owned Kangwon Land, local media reports.

Paradise City Phase One Complete

Paradise SegaSammy said it will open new facilities at Paradise City, with a greater emphasis on entertainment, on September 21, completing the first phase of the development.

Lotte Tour Raises Funds for Jeju IR

Lotte Tour Development Co. is raising 240 billion won (about US$214 million) to complete the construction of its integrated resort on Jeju island in South Korea. Once completed, Jeju Dream Tower is set to be the tallest and largest landmark on Jeju island.

Lotte Tour Enters Casino Business with Jeju Purchase

South Korea’s Jeju island, a popular tourism destination for Japanese, continues to attract investment into its casino sector, with travel agency Lotte Tour Development buying the Jeju Lotte casino for 15 billion won (US$13.4 billion).

Japanese Gamers Drive Paradise City Revenue

Sega Sammy Holdings and Paradise Co. are seeing a gradual ramp up in their Paradise City IR on Yeongjong Island, with increased visitation from Japan making up for the shortfall in Chinese arrivals due to last year’s travel ban.

South Korea Casino Revenue Fell 5.9 Percent in 2017

Turnover at South Korea’s casinos fell 5.9 percent in 2017, after a ban on tour groups by China in March hit visitation.

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Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.