Inside Asian Gaming

IAG JAPAN FEB 2019 24 COVER STORY meters rented in a hotel basement. Paradise City should overtake Walkerhill this year after increasing drop by 68% last year. K-EUROPE? Paradise City’s Phase 1-2, opened in September, adds attractions while doubling down on the art theme. Chroma, Northeast Asia’s largest nightclub at over 7,000 square meters (75,000 square feet), features two stages, Korean and international DJs and a year-round rooftop pool deck including cabanas with whirlpool spas. Cimer marries a “European art spa” to the traditional Korean jjimjilbang with a variety of pools, sauna and themed relaxation spaces. Indoor theme park Wonder Box is due to open by April. Boutique hotel Art Paradiso anchors The Plaza, an airy, sky lit space modeled after Florence’s Piazza della Signoria. “On your first and second visit here [you might say], ‘Oh, it’s very luxurious. Looks like Las Vegas. Looks like Macau’. When you visit more, you’ll feel the Korean style in many places.” – Paradise City President and CEO Park Pyung-yong. 「1度目か2度目の訪問ではこう言うかもしれない、『すごく豪華だ。ラスベガスやマカオ みたい』と。何度も訪問を繰り返すうちに、多くの場所で韓国を感じるようになるだろう」 -パラダイスシティ、パク・ピョンヨン社長兼CEO A “lifestyle design hotel inspired by European boutique hotels,” according to Paradise, Art Paradiso has 58 suites plus a high end contemporary Korean restaurant and “Amsterdam style” gastropub utilizing Korean ingredients. Paradise Art Space’s permanent collection boasts pieces by Hirst, American Jeff Koons and Koreans Lee Bae and Kim Hodeuk. Now 90% occupied, The Plaza’s 20 retail and food outlets offer eclectic Korean and international specialties plus a duty free department store. “Visitation is getting better, but it is below our expectations,” Paradise Investor Relations Manager HyeJeong Shim says. “The impact and the synergy to Paradise City’s casino operations for Phase 1-2 is very limited so far.” She expects greater benefits during the year’s second half. TURNING JAPANESE Despite the slow ramp, Morgan Stanley’s Jay Lee