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New CEO for Korea’s Paradise Co

by Newsdesk

Tue 30 Mar 2021 at 05:03

Korea recovery continues as Paradise Co sees June revenue soar 25.9%

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South Korean foreigner-only casino operator Paradise Co has a new CEO after the Board of Directors appointed Choi Sung-wook to the role.

Choi, who has been appointed to an initial two-year term, replaces Park Byung-ryong who steps down after four years.

He will have his work cut out for him given the ongoing impact of COVID-19 on Korea’s foreigner-only casinos. Paradise, which operates four casinos in South Korea – Paradise City, Paradise Walkerhill, Busan Casino and Jeju Grand – recently reported a loss of almost US$100 million in 2020.

Integrated resort Paradise City, located in Incheon, is a joint venture between Paradise and Japan’s Sega Sammy Holdings.

Choi is a long-time employee of Paradise Co, having joined the company in 2006. He was General Manager of Paradise Walkerhill in Seoul until 2015, then Vice President of Paradise Casino Busan. In 2019, he was promoted to CEO of Paradise in Busan.

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Tags: Choi Sung-wook Paradise City Paradise Co Paradise Walkerhill South Korea

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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