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Jeju Shinhwa to host Lionsgate Movie World ASIA & OCEANIA


Landing International Development is to develop Lionsgate Movie World at its Jeju Shinhwa World casino resort, Korea.


Launched at the beginning of 2017, Jeju Shinhwa World is opening in phases and will be one of Korea's most prestigious integrated leisure resorts


SOUTH KOREA CASINO OPERATIONS


SOUTH KOREA – Kangwon Land, the only South Korean casino operator allowed to let locals play, saw its second quarter profit fall by 10.7 per cent to US$96.9m, making it the casino’s worst performance in five years. GGR fell by six per cent to US$338.9m whilst non-gaming revenue increased by 11.1 per cent to US$10.51m.


JP Morgan Securities analysts DS Kim and Sean Zhuang said: “Kangwon Land’s second quarter was weak, with operating profit falling 15 per cent year- on-year and missing estimates by [about] 10 per cent, dragged by a lower-than-expected top line. The disappointment came from mass (down nine per cent year-on-year) and slots (down seven per cent), while VIP (down three per cent) didn’t help either. In our view, this seemingly reflects Kangwon Land’s efforts to ‘adjust’ revenues lower amid regulatory scrutiny, and the timing of business normalization remains frustratingly uncertain.”


Daiwa Securities Analyst Thomas Kwon added: “We forecast Kangwon Land’s revenue and earnings to grow 9.6 per cent year-on-year and 12.6 per cent year-on-year in 2018.”


PHILIPPINES – Philippine-based Udenna Development Corporation (UDC) has now formally broken ground on its The Emerald Resort and Casino, world-class integrated resort outside Luzon on the Philippines island of Cebu.


The US$341m project sits on a 12.5 hectare prime beachfront in Mactan Island in Lapu-Lapu City. Once completed (estimated to be three years from now), it is set to make the Philippines at par with other premier regional destinations designed for leisure, gaming, MICE (meetings, incentives, conventions and exhibitions) and other commercial and residential investments.


According to Chief Executive Officer Andrea Domingo, The Emerald is the very first integrated resort that the new PAGCOR board has approved. “We hope that in two or three years’ time, we will be here again to witness the opening of this project. We hope that this will be a precedent for all integrated resorts that will be built outside of Entertainment City in Manila because in Cebu City, there will be a world-class resort casino that is worth taking a look,” she said.


The Emerald Resort and Casino is designed by American designer and architect Paul Steelman, whose works include The Mirage Hotel and Casino in Las Vegas and The Sands in Macau. Mr. Steelman said he is fortunate to be working on the project which has so much potential. UDC Chairman and CEO Dennis Uy said: “The project will play a vital role in transforming Mactan into a premiere tourist destination with a vibrant and thriving economy.”


P40 NEWSWIRE / INTERACTIVE / 247.COM


Spanning approximately 1.3m sq. ft, Lionsgate Movie World is Lionsgate's first branded outdoor theme park and the latest milestone in the continued ramp up of Lionsgate's location- based entertainment business around the world.


In addition to being Korea's first international theme park, Lionsgate Movie World at Jeju Shinhwa World will be the first outdoor theme park built exclusively around world-famous movies. It is also the largest destination attraction to date in Lionsgate's growing international network of branded theme parks, entertainment centers and other attractions in the US, Europe, the Middle East and Asia. Te project will be developed into seven movie zones, each themed around blockbuster Lionsgate properties which have collectively grossed nearly $9bn at the global box office. Tese include Te Hunger Games, Te Twilight Saga and Now You See Me as well as the eagerly-anticipated March 2018 release Robin Hood.


Visitors can experience actual movie scenes through state-of-the-art rides, attractions and 4D Intellectual Property (IP) reproduced streets and towns. Each zone will also feature themed


Aristocrat buys social gamer Plarium for US$500m


Australia


Aristocrat has entered into a binding agreement to purchase social gaming company, Plarium for US$500m cash (A$667m). Te decision to buy the Israel-based company will materially increase Aristocrat's Digital revenue.


CEO and co-founder of Plarium, Avraham Shalel, will continue to lead Plarium post acquisition – Mr Shalel and 12 other key members of the management team have agreed to retention and deferred consideration arrangements with Aristocrat, including deferring a portion of their upfront consideration until end of calendar year 2020.


Plarium develops Free-To-Play


restaurants, cafes, souvenir shops and entertainment performances. Lionsgate Movie World at Jeju Shinhwa World is expected to commence construction in 2018 and is scheduled to open in 2019.


Yang Zhihui, Chairman and Executive Director of Landing International Development (Pictured above), said: "It is our great honour to have Lionsgate as our partner. We are very excited to have the first Lionsgate Movie World at Jeju Shinhwa World bringing Hollywood movies and their immersive environments to our theme park to deliver a premium guest experience. With Lionsgate's success in the content creation industry, we strongly believe that Lionsgate Movie World at Jeju Shinhwa World will enhance our offerings and further strengthen Jeju Shinhwa World's market position as a desired tourist destination in Jeju."


"We're pleased to partner with our friends at Landing International, one of Asia's premier developers, on our first branded outdoor theme park and one of our largest and most exciting location-based entertainment destinations," said Lionsgate Chief Executive Officer Jon Feltheimer. "


(FTP) mobile, social, and web- based games. It operates across five genre-specific studios and produces mobile games for iOS and Android, as well as Facebook and browser-based games. It has a strong pipeline of high quality mobile titles across multiple segments including Strategy, Role Playing Games and Casual.


It develops games with proven monetisation across multiple themes with focused on a ‘game engine’ strategy, such as building successful game platforms that can be "re- skinned" with new titles across different themes such as the Middle Ages, Modern Combat, Ancient Historical and Futuristic. Aristocrat said: “Plarium has a number of key titles which have repeatedly ranked in the top 10 grossing Strategy games since launch in certain key target markets. Its content is complementary to Aristocrat’s existing social casino content.”


Macau


MGM Cotai, a HK$26bn integrated resort set to open in the fourth quarter of 2017, will represent MGM’s vast experience in entertainment, creating first-of-its-kind entertainment experiences in Asia through the MGM Teater at COTAI, Asia’s first dynamic theatre. Designed by Scéno Plus, a world leading performance arts and entertainment design firm, the MGM Teater at COTAI is the world’s first theater to offer 28 million pixel of viewing pleasure to its audience by utilising a giant 900sq.m 4K (or ultra HD) LED screen, which is the size of three tennis courts combined. Te Teater is able to capture the audience’s reaction and virtually reflected at real life size onto the LED wall, giving the public an impression of looking into a mirror. Upon completion, the MGM Teater at COTAI will be home to the world’s largest permanent indoor LED screen.


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