Lotte Tour Development, a South Korean travel company, is making its first solo foray into the casino business with the acquisition of the Paradise Jeju Lotte Casino for KRW15 billion ($13.4 million). The company is buying 100 percent of the casino, which is operated out of the Lotte Hotel on the island, from Paradise Co. The transaction ... South Korean tour operator and real estate developer Lotte Tour Development announced Friday that it is stepping further into its home country’s casino market with the acquisition of Paradise Casino Jeju Lotte.. The company is set to pay the total amount of KRW43.4 billion (approximately $38.8 million) for the gambling facility. Under a share purchase agreement with the casino’s current ... In South Korea, Lotte Tour Development Company Limited signed a deal that will see it pay some $38.82 million to purchase the Paradise Casino Jeju Lotte from local casino operator, Paradise Company Limited.. Deal includes debt provision: According to a report from Inside Asian Gaming, the agreement will see Seoul-headquartered Lotte Tour Development Company Limited hand over approximately $13 ... Explore the Paradise Casino when you travel to Jeju City - Expedia's Paradise Casino information guide keeps you in the know! Lotte Tour Development, a South Korean tourism and transport company, is buying Paradise Group’s Paradise Casino Jeju Lotte, located in Hotel Lotte Jeju on the island of Jeju, for US$38.8m. Presentation of the Paradise Casino Jeju Lotte Hotel Seogwipo . Situated 15 minutes on foot from the Jeju Teddy Bear Museum and the Yeomiji botanical garden in the Jungmun area, Jeju Lotte Hôtel is a luxurious resort that will guarantee you an unforgettable stay. You could also find a bar lounge, and hair salon, a daycare center for kids and souvenirs shops… Famous for being the shooting ... Paradise Casino Jeju Lotte has prepared medical supplies for emergency. Please ask a staff member if you need any. Guest’s Opinions. There are suggestion boxes located all around the casino for guests to voice their opinions. Any of your questions or inconveniences may be deposited into the boxes, and we shall do our best to address them as soon as possible. HOTEL INFORMATION. You can view ... Gaming at Paradise Casino Jeju Lotte Paradise Casino Jeju Lotte is open every day of the year, exclusively for foreign visitors. Located on the sixth floor of the opulent Lotte Hotel Jeju, the casinos sprawls over 2,574㎡ and offers baccarat, blackjack, roulette, and slot machine play. The casino venue is currently operated by Paradise Co and is located in Hotel Lotte Jeju. In addition, Lotte Tour plans to redeem Paradise Jeju Lotte Casino’s debt worth KRW28.4 billion, the firm said in the release.
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