The date was confirmed by the Tokyo-based
Japanese pachinko operator Sega Sammy Holdings through a release. The company
is an investor in Paradise Sega Sammy Co, a joint venture firm set up in
partnership with South Korea’s Paradise Co -an operator of foreigner-only
casinos in that country – to develop and operate Paradise City.
The document said the total investment amount for the 333,000-square-metre was
US$ 1.12 billion. The release additionally stated the casino – judged by floor
space – would be "one of the largest” in South Korea, with 154 game tables, 281
slot machines, and four installations of electronic games offering an aggregate
of 62 seats. The casino area will also have restaurants and bars, said the
release.
The document added that Paradise City is five minutes away – by high-speed maglev train – from Incheon International Airport.
Paradise Co currently operates five foreigner-only casinos in South Korea, including an existing one at Incheon. The country has 17 casinos but only one – Kangwon Land in a remote upland area – is allowed to serve South Korean nationals.
Source: GMB / GGR Asia
