• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 7 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Korea’s Paradise Group to build luxury Seoul hotel, enhance VIP gaming offerings under plan to broaden international appeal

Newsdesk by Newsdesk
Wed 3 Jul 2024 at 06:34
Korea’s Paradise Group to build luxury Seoul hotel, enhance VIP gaming offerings under plan to broaden international appeal

An artist’s impression of a new high-end hotel Paradise Group plans to build in Seoul

38
SHARES
939
VIEWS
Print Friendly, PDF & Email

South Korea’s leading foreigner-only casino operator, Paradise Group, will develop a new all-suite flagship hotel in Seoul as part of a revamped strategy to attract more international high rollers to its properties, the company’s CEO Choi Jong-hwan said this week.

According to a report by The Korea Times, the hotel is part of Paradise Group’s latest growth strategy, dubbed the “Beyond No. 1, Paradise Value Up Project”, which it says aims to go beyond traditional services and cater to those who are seeking unique and diverse experiences. The company will place a particular focus on Chinese tourists – a market it expects to continue its recovery in the months and years ahead.

Speaking at a press conference at its Paradise City integrated resort in Incheon, Choi revealed that the new Seoul hotel, scheduled to open in 2028, will stand 18 floors tall and span 13,950 square meters, with around 200 suites and offering premium services for foreign VIPs, luxurious Korean-style cuisine and wellness amenities.

“Sorry to say this, but I don’t think there are any decent hotels in Seoul,” Choi is quoted as saying. “We will build a truly high-end hotel in Seoul.”

Paradise Group CEO Choi Jong-hwan

First up for Paradise Group will be a new gaming space designed specifically for high rollers and spanning 383 square meters at the company’s Seoul casino, Paradise Walkerhill, which is slated to open in September, according to Choi.

In September, Paradise Casino Walkerhill will open a new space optimized for a high roller game exclusively for VIPs, spanning 383.31 square meters, while its four casinos in Seoul, Incheon, Busan and Jeju will become better aligned by integration of their operating systems to optimise marketing efforts, Choi said. A new Paradise lounge at Seoul’s Gimpo International Airport will open in August.

Choi said he saw China as a key target of the company’s efforts given that it has been slower to recover than markets like Japan.

“If the Japanese market has progressed significantly, I believe there is now substantial potential in the Chinese market,” he said.

“Particularly for Jeju Island, many see it as an opportunity given that Chinese visitors can now enter visa-free.”

Paradise recently reported a 38.2% year-on-year increase in sales to KRW264.8 billion (US$193 million) in 1Q24, aided by improvements in the mass market and Japanese VIP segments.

RelatedPosts

Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Grand Korea Leisure reports sequential gain but year-on-year decline in casino revenue to US$25.5 million

Fri 4 Jul 2025 at 04:52
Jeju Dream Tower casino sales down 7.4% in March

South Korea’s foreigner-only casinos showing renewed vigor as Jeju Dream Tower sets new monthly drop, visitor records

Thu 3 Jul 2025 at 05:41
South Korea’s Paradise reports record drop at Paradise City but low hold hits group’s bottom line

Korea’s Paradise Co keeps rising through 2025 as casino revenues exceed US$60 million in June

Wed 2 Jul 2025 at 19:19
Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
Load More
Tags: casinoChoi Jong-hwanhotelParadise CityParadise GroupParadise WalkerhillSeoulSouth Korea
Share15Share3
Newsdesk

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.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

DigiPlus launches US$106 million share buyback scheme

DigiPlus launches US$106 million share buyback scheme

by Newsdesk
Mon 7 Jul 2025 at 10:17

Philippine gaming technology firm DigiPlus Interactive Corp has announced the launch of a Php6 billion (US$106 million) share buyback scheme that it says highlights the company’s confidence in its long-term growth prospects. Notably, the announcement comes just days after company...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners offer one month reprieve to complete Queen’s Wharf Brisbane deal

by Ben Blaschke
Mon 7 Jul 2025 at 08:55

A deal to offload its 50% stake in the AU$3.6 billion (US$2.4 billion) The Star Brisbane integrated resort at Queen’s Wharf is still on the table for Star Entertainment Group after revealing Monday that its Hong Kong partners have granted...

Inside Thai IRs

Thai government may formally withdraw casino bill from House agenda citing need for new cabinet to review

by Newsdesk
Mon 7 Jul 2025 at 05:20

The Thai government will consider formally withdrawing its controversial Entertainment Complex Bill from the House agenda this week in order to allow a thorough review by the newly appointed cabinet, said Deputy Finance Minister Julapun Amornvivat. The bill could be...

JP Morgan analysis says Bangkok IRs could generate combined US$5 billion annually

Thai authorities arrest 70 in bust of illegal Bangkok gambling den

by Newsdesk
Sun 6 Jul 2025 at 14:41

With the prospect of legal casinos in Thailand looking more remote by the day, authorities have arrested more than 70 people after busting an illegal gambling den in the Phahon Yothin area of Bangkok. According to The Bangkok Post, the...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English