South Korean casino operataor Paradise Group has broken ground on its planned US.7 billion Paradise City casino resort near the country’s main international airport at Incheon.
Plans for the project, located within a government-sponsored special economic zone on Yeongjong Island about 30 kilometers from the capital Seoul, call for a 2017 opening.
Paradise is partnering with Japanese pachinko giant Sega Sammy Holdings on the development, which includes a 750-room hotel, shopping and dining and other attractions and a foreigners-only casino with approximately 160 table games and 340 slot machines.
“Above all, the resort complex boasts a geographical advantage in that it is located within walking distance from Incheon International Airport,” Paradise Sega Sammy Chief Executive Choi Jong-hwan told the Korea Herald.
Choi has said in recent interviews that the casino would establish a massive junket operator network to bring in high rollers from mainland China.
South Korea is home to 16 casinos restricted to foreign passport holders and one in the remote northeast of the country that is open to domestic players. Under current law all the new developments would be foreigners-only.