Japanese pachinko operator Sega Sammy Holdings Incorporated has reportedly declared that it plans to inaugurate an expansion of its Paradise City incorporated casino resort in South Korea containing a spa and a club at the end of next March.
Though Paradise City has been available for just over a year, its business has allegedly suffered as a result of Beijing limiting the amount of tour groups which are permitted to pay a visit to South Korea. This purportedly came after Seoul’s 2016 decision to deploy the United States-supplied Terminal High Altitude Area Defense (THAAD) anti-missile system in response to North Korea, which is a neighbor and long-time ally of China, further developing its offensive missile capabilities.
Sega Sammy Holdings Incorporated allegedly also used the recent demonstration to declare that regulatory changes had contributed to its net 2017 segment sales dropping by a 28.7 percent to about $964 million although it expects to see a second-half uptick in sales of its No. 6-type pachislot machines. Asia Gaming Brief moreover detailed that the Tokyo-based giant saw machine sales last year fall by more than 60% year-on-year to only 85,000 units although it was able to shift about 1.5 percent more pachinko units at 140,000.