Scientific Game

Paradise claim VIP confidence as Korean IR officially opens

Thursday, 20 April 2017 15:51
Share
Visit us

Paradise Group Chairman Chun Phil-lip has claimed his company’s US$1.1 billion Paradise City resort won’t suffer from a travel ban imposed by China due to the property’s VIP focus.

Korea’s first integrated resort held its official opening on Thursday, unveiling a 711 room hotel, convention center and casino as part of its first phase. The opening has been clouded by the ongoing spat between South Korea and China over the former’s intention to install a THAAD anti-ballistic missile system with China subsequently ordering its travel agencies to halt Korean operations. Chinese tourist numbers to Korea fell by 39.4% in March.

But Chun said such concerns were unfounded.

“The target VIP visitors from China are not affected by the Chinese travel ban because they do not travel with big tourist groups, meaning that we will be less affected by the conflict compared to other industries such as the duty-free industry,” he said at a press conference at the Paradise City launch.

“Most of our customers individually visit Korea, so they are actually not influenced by the travel ban of the Chinese government.

“But we will deal with the issue in a conservative way, and we hope more Chinese customers return to Korea during next year's PyeongChang Winter Olympics."

"We are considering cooperating with the Korean Olympic Committee to accommodate VIPs who visit Korea during the Winter Games. We want to show the Korean wave to foreigners and let them know Korea also has an integrated resort.”

Chun also confirmed that the Paradise City project – a joint venture between Paradise Co and Japan’s Sega Sammy Holdings – was pushing ahead with Phase 2 which will include retail outlets, a spa, nightclub and family attractions.

“Paradise City was a challenge best suited for Paradise Group, a first mover in the tourism industry,” he said. “We will raise the stature of Korea through Paradise City, East Asia‘s first integrated resort, and create a K-style destination for visitors from all over the world.”

 

 



 

What's new

VIDEO: MGS Entertainment Show 2017

VIDEO: MGS Entertainment Show 2017 Inside Asian Gaming takes a visual look back at the highlights of MGS Entertainment Show 2017, held at the Venetian Macao from 14 to 16 November. Tuesday, 21 November 2017 07:21

China Star cites unfriendly operating environment for Hotel Lan Kwai Fong sale

China Star cites unfriendly operating environment for Hotel Lan Kwai Fong sale China Star Entertainment Limited has flagged government regulatory policies and expected “uphill challenges in the near future” as the primary reasons for selling Hotel Lan Kwai Fong, which is expected to be purchased by Golden Dragon group boss and former member of the Legislative Assembly, Cha... Tuesday, 21 November 2017 07:08
Macau press association accepted into International Federation of Journalists The Macau Portuguese and English Press Association (AIPIM) has been informed by the Secretariat of the International Federation of Journalists (IFJ) that it has been accepted as associate member of the International Federation of Journalists (IFJ) during a meeting of IFJ's Executive Committee, held ... Tuesday, 21 November 2017 06:33

Better late than never as The Venetian Macao celebrates 10 years

Better late than never as The Venetian Macao celebrates 10 years The Venetian Macao celebrated its 10th anniversary on Monday with a ceremony overlooking the outdoor lagoon and a gala dinner attended by officials from the Chinese Central and Macau governments. But it was forced to do so without Chairman and CEO Sheldon Adelson following a fall that saw him fract... Tuesday, 21 November 2017 06:09

Current Issue

Guiding light

Guiding light Mr Jay Chun, Chairman of MGS Entertainment Show organizer the Macau Gaming Equipment Manufacturers Association (MGEMA), discusses the birth of the MGEMA and how it plans to help shape Macau’s future ahead of the 5th anniversary of MGS. By Ben Blaschke       Ben Blaschke: The MGS Entertainm... Thursday, 26 October 2017 15:35

Macau satellite casinos: the more the merrier?

Macau satellite casinos: the more the merrier? MdME’s Rui Pinto Proença looks at the recent flurry of satellite casinos entering the Macau market and their apparent flouting of the “2008 Moratorium.”  By Rui Pinto Proenç As we enter the final stretch of 2017, it is clear that Macau will end the year with no additions to its portfolio ... Thursday, 26 October 2017 15:33

NOkada Manila

NOkada Manila Japan’s Universal Entertainment ousted founder Kazuo Okada earlier this year, prompting questions about the future of the integrated resort bearing his name and the company’s Japan casino ambitions. By Muhammad Cohen | Editor-at-Large After years of controversy, it all seemed to be coming toge... Thursday, 26 October 2017 15:31

Macau city brand strategy

Macau city brand strategy Professor Glenn McCartney explains the importance of developing a unique city brand strategy and why it can help Macau achieve true diversification when it comes to tourist appeal. By Professor Glenn McCartney The brand strategy of a city – from its vision and goals to the level of engagement wi... Thursday, 26 October 2017 15:27