July 16, 2017 2:51 pm JST

Line splurges on huge Bangkok amusement arcade

Company will invest $14.7m to leverage popularity of mobile messaging app

MARIMI KISHIMOTO, Nikkei staff writer

The shopping area of Line's new Bangkok amusement arcade opened in June.

BANGKOK --  Line, operator of the Japanese mobile messaging app with the same name, plans to open a 500 million baht ($14.7 million) indoor amusement arcade in Bangkok by the end of the year.

Line Village, the company's first arcade, will be located in the Siam Square commercial complex in central Bangkok. The 1,500-sq.-meter facility will have a virtual reality attraction and popular Line character rooms, among other amusements. The company hopes to draw 12 million visitors a year and is planning similar arcades in other cities.

On June 23, Line opened the shopping area of the arcade, stocked with some 2,000 characters and other goods. Line has also developed special items in collaboration with Austrian jeweler Swarovski, German writing instruments maker Lamy, and Japanese casual-fashion brand Uniqlo, a subsidiary of Fast Retailing.

The company plans to gradually expand the facility, adding a VR attraction in partnership with South Korea's Samsung Electronics as well as other areas such as a food court and photo studio.

Over 90% of mobile phone customers in Thailand are said to use the Line messaging app, making the country Line's second-largest market after Japan. The company chose Thailand as the site for its first amusement arcade owing to the large number of foreign tourists.

Despite being a major tourist destination, Bangkok lacks world-class content, the theme park's chief executive officer said, comparing the new facility to Tokyo Disney Resort and Universal Studios Singapore. Line hopes to leverage the popularity of its characters to lure tourists, the CEO stated.

LINE Corp.

Japan

Market(Ticker): TKS(3938)
Sector:
Industry:
Technology Services
Packaged Software
Market cap(USD): 7,883.61M
Shares: 220.41M

FAST RETAILING CO., LTD.

Japan

Market(Ticker): TKS(9983)
Sector:
Industry:
Retail Trade
Apparel/Footwear Retail
Market cap(USD): 31,732.13M
Shares: 106.07M
Asia300

Samsung Electronics Co., Ltd.

South Korea

Market(Ticker): KRX(005930)
Sector:
Industry:
Electronic Technology
Telecommunications Equipment
Market cap(USD): 325,775.98M
Shares: 149.31M

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