Integrated resort and mixed-use development in South Korea
First written in FY2016. 1 of 4 entries say "Dropped", first in FY2017-Q3. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AchievedAnnual report
「All procedures relating to the dissolution and liquidation of SEGA SAMMY BUSAN INC., a specified subsidiary of the Company, were completed as of 12 July 2018.」
The procedures for dissolving and liquidating SEGA SAMMY BUSAN INC., undertaken after the cancellation of the Busan mixed-use complex development, were completed on 12 July 2018. - FY2018AdvancedAnnual report
「Subsequently, we reached an agreement with Busan Metropolitan City, South Korea, regarding the return of the acquired land. As the procedures, including receipt of the land payment, were completed in March 2018, we decided to dissolve and liquidate the subsidiary.」
Following the cancellation of the Busan mixed-use complex plan, the procedures for returning the land and receiving the payment were completed, and the subsidiary proceeded to the dissolution and liquidation stage. - FY2017-Q3DroppedAnnual report
「We have decided to cancel the planned development of the mixed-use complex and have requested discussions with Busan Metropolitan City, South Korea, regarding the return of the land already acquired.」
We decided to cancel the planned development in Busan, South Korea, of a mixed-use complex comprising a hotel, entertainment facilities and commercial facilities. - FY2016First statedAnnual report
「SEGA SAMMY BUSAN INC. Resort business Complex facility comprising a hotel, entertainment and commercial facilities KRW391,500 million KRW129,515 million Internal funds and external financing December 2015 December 2018」
The entry states the total planned investment, amount already paid, scheduled completion date and funding method for the complex facility in Busan. In Incheon, PARADISE SEGASAMMY is working to operate casino facilities.