Paradise SegaSammy plans to acquire the Grand Hyatt Incheon West Tower from Kal Hotel Network for KRW210 billion, according to a filing dated 23 September. The acquisition is scheduled to complete by 31 October 2025, subject to possible changes; the land will remain owned by Incheon International Airport Corporation.
The planned purchase would add a hotel tower beside Paradise City to the group’s Incheon resort holdings.
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Sega Sammy outlined plans to transfer its gaming business under manufacturing arm Sega Sammy Creation in February. The proposed company split would centralise management of gaming licences and other controls; the business includes pachinko, a 45% stake in Paradise City and an iGaming arm acquired through its 2023 purchase of GAN Limited.
Paradise City and DSM Corporation signed a cooperation agreement to market their offerings together ahead of the planned 2027 opening of 9.81 Theme Park Incheon Airport. The companies plan joint campaigns, sales activity and bundled products, as well as programmes for groups, education and visitor experiences. They also intend to work on transport access for visitors to both sites.
Paradise Entertainment chairman and managing director Jay Chun raised his stake to 60.27% after buying 2.84 million shares on 27 March, according to a company filing. The purchase cost about HK$1.26 million, taking his holdings to approximately 634.16 million shares.
Sega Sammy said it aims to develop a business serving physical and online casino operators, combining its existing operations with acquired businesses Stakelogic and GAN. President and group chief executive Haruki Satomi said the group plans to establish gaming as a third core business pillar. Its medium-term plan targets more than JPY230 billion in cumulative adjusted EBITDA from fiscal 2025 through fiscal 2027.
SJM said its board intends to acquire the properties housing Casino L’Arc Macau and Casino Ponte 16, but negotiations have not begun and no binding agreements have been reached. It plans to end operations at seven other satellite casinos by the end of 2025, reallocating their gaming machines and tables to its own casinos and offering affected Macau-resident staff jobs within SJM Resorts.