PARADISE Co., Ltd. primarily engaged in the casino business. It operates in two segments: casino segment, which operates Paradise Walkerhill Casino, Paradise Casino Busan, Paradise Grand Casino, Paradise Golden Gate Casino, Paradise Safari Park Casino and Paradise Lotte Casino equipped with various casino gaming facilities, and spa and hotel segment, which operates Paradise Hotel in Busan, Incheon and Dogo; Paradise Safari Park Hotel, which reveals African style architecture; spa, as well as youth hostels. On January 31, 2012, the Company acquired additional shares of PARADISE HOTEL PUSAN CO., LTD., engaged in the tourist hotel business. After the transaction, the Company holds 74.49% of the latter. On June 26, 2012, it merged with PARADISE CHEJE CO., LTD., Ltd., engaged in hotel related business. After the merger, Paradise survived and PARADISE CHEJE was dissolved. On August 11, 2012, it established a new wholly owned subsidiary, which engages in the integrated resort business.