Sat, Mar 11, 9:59am by Senior Writer
The Asian casino industry gets bigger and bigger ever year and next month will see South Korea opens its largest casino yet.
The Paradise City casino resort at Incheon in South Korea will open to foreigners on April 20, with the resort to feature a casino, a hotel and conference facilities, before expanding further over the coming years.
Japanese operator Sega Sammy Holdings Inc in partnership with South Korea’s Paradise Co Ltd has spent over US$1 billion on the massive 333,000-square-metre site.
The casino would be the largest in South Korea, featuring 154 game tables, 281 slot machines, and four installations of electronic games, featuring 82 seats.
There would also be a 711-room hotel, a convention facility that will offer a ballroom, two party rooms and five meeting rooms.
The second stage of the development is expected to open in 2018 and feature a cultural centre; spa; club; ‘entertainment facility’; and a boutique hotel.
The casino, the sixth for Paradise Co in South Korea and the 17th to open in the country, is located just five minutes from Incheon International Airport.
The new casino will continue to open up tourism to China, with 8 million Chinese visiting Korea as tourists in 2016.
The battle for Chinese gamblers has become increasingly competitive in the region, with Macau’s status as the gambling capital of the region under threat.
Japan recently legalised casinos, with several of the world’s biggest casino companies lining up for licenses to build resorts in the country,
While any large scale construction would mean that Japan’s first casino would not open until 2022, the news has send shudders across the region.
Only one casino is South Korea currently offers gambling to Korean citizens, with the other 16 totally reliant on overseas gamblers.
Japan will allow locals to gamble in its casinos, generating a massive industry which some insiders predict would rival Macau in 20 years.
Countries such as the Philippines and Vietnam are expanding their casino licenses in order to attract more tourists to those regions.
The amount of Chinese VIP gamblers travelling to Australia has slumped since the arrest of 18 Crown Resorts staff in October.
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