The foreigner-only casino that scheduled its soft opening for April 20 is set to attract more than Chinese players.
South Korea.- Analyst from Daiwa Securities Capital Markets Korea Co Ltd, Thomas Kwon, said that the upcoming Paradise City will attract non-Chinese players. The information was revealed after a Paradise Co management briefing for investment analysts.
As reported by GGRAsia, the analyst said that the first phase will feature 154 tables, along with 281 slot machines, 62 electronic table games and 22 junket tables. The information says that Paradise City will have more than Chinese players as the local country and China are currently in a not so good relationship over a US and North Korean dispute. Specialists estimate that Paradise City will experience a 6.2 percent year-on-year decline in the number of Chinese high rollers in 2017.
“Strategically, Paradise plans to work with Sega Sammy, a major shareholder (45 percent stake) in Paradise City, to lure more Japanese and non-China gamers, from other Asian countries such as Thailand,” said Kwon. The opening of Paradise City will likely affect negatively Paradise Co’s profit in a short period of time, but Seoul-based brokerage Shinhan Investment Corp said that in the long run it would boost the company’s revenue.