ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Sega Sammy begins building integrated casino-resort

INCHEON, South Korea -- Sega Sammy Holdings broke ground here Thursday on an integrated resort that will center on a casino, with opening slated for May 2017.

     Surrounding the foreigners-only casino will be lodgings and a shopping mall. The resort, to be one of the largest in South Korea, will be jointly developed by Sega Sammy and South Korean casino company Paradise Group. Total cost is estimated at 140 billion yen ($1.17 billion).

     Sales of roughly 60 billion yen and an operating profit topping 10 billion yen are targeted for the third year.

     Sega Sammy has a 45% stake in the joint venture with Paradise, and is considering boosting its investment as it weighs expansion. Since Paradise will also pour more money into the project, the venture will remain an equity-method affiliate of Sega Sammy. The venture has already procured a 330,000-sq.-meter site, including space for expansion.

     In May, Sega Sammy began using another casino in Incheon to train personnel in its business model and management practices. "We hope to have dozens of personnel trained by the integrated resort's opening in 2017," said Chief Executive Officer Hajime Satomi.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more