Paradise Co enters into a new Chinese tourist deal

The best cure for sagging revenues always seems to be the same trick. South Korean casino operator Paradise Co has entered into an agreement with Suncity Group Holdings Ltd to bring in more high-value Chinese tourists to its resort, GGRAsia reports.

Suncity broke the news in a filing with the Hong Kong Stock Exchange. In it, they declared they’d entered into a non-legally binding memo to cooperate with the South Korean casino operator. Suncity is best known for bringing Chinese gamblers to Macau, but has recently broadened their scope to create tourism deals with other hot spot gambling locations.

Recently, SunCity declared:

“The company has been focusing on expanding its tourism-related businesses and the board believes that should the possible cooperation materialise, it can enable both parties to form a synergy and develop… strengths, resources and expertise…”