Tag Archives: sega sammy holdings
- South Korean gov’t earned over $54b from gambling in 15 years
April 12, 2017
South Korea’s government has earned over $54b from gambling in the past 15 years, according to a new report. On Wednesday, the Yonhap news agency reported that a Korea Taxpayers Association study of National Gambling Control Commission data indicated that the South Korean government has earned KRW 62.5t (US $54.5b)...
- Japanese pachinkos look to foreign investments
December 3, 2014
Some of the biggest Japanese pachinko companies are looking at expanding their businesses outside of Japan, specifically eyeing foreign partnerships and listings on the Hong Kong Stock Exchange to initiate IPOs and offset the declining revenues in their home country. Sources close to the Wall Street Journal told the daily...
- Chow Tai Fook to build $1b Incheon casino; Paradise City breaks ground
November 21, 2014
Hong Kong conglomerate Chow Tai Fook Enterprises (CTFE) has inked a letter of intent to build a $1b casino in South Korea. The Korea Herald reported that CTFE was eyeing a space on Yeongjongdo Island in the Incheon Free Economic Zone (IFEZ), where two resort casino projects are already confirmed...
- Standard Chartered endorses Korea’s casino market
September 30, 2014
Standard Chartered Bank has issued a bullish report on South Korean casinos. Standard Chartered analysts Tyler Ahn and Philip Tulk are confident that there is room for growth in the country’s burgeoning casino market, specifically casinos that only cater to foreigners. According to the Tul and Ahn, it’s not out-of-reach...
- Paradise Sega Sammy South Korean casino to break ground in October
August 7, 2014
Paradise Co. Ltd and Sega Sammy Holdings Inc. are set to break ground on their integrated resort and casino in October near the Incheon airport in South Korea. The massive project, which includes an expansion of Paradise Casino Incheon, expects to open in early 2017. Paradise and Sega Sammy are...
- Paradise SegaSammy acquires South Korean casino; Ho’s Russian casino deal
July 2, 2013
Paradise SegaSammy, the joint venture of Japanese pachinko and video game outfit Sega Sammy Holdings and South Korean gaming operator Paradise Co., has acquired the operations of Paradise Casino Incheon. The casino, located near the Incheon International Airport 50km west of Seoul, was acquired from Paradise Co’s parent company Paradise...
Russian betting industry icon Oleg Zhuravsky dies suddenly
March 17, 2017
Russia blocks Google over online gambling redirect
June 23, 2017
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017