Lotte Tour Development has announced it is ready to open its Jeju Dream Tower on June 11.
South Korea.- The Jeju Dream Tower casino has passed a final inspection and will open its doors on Friday, June 11.
In April, Lotte Tour Development received transfer permission for the relocation of the Jeju casino to the US$1.4bn new venue.
Jeju Dream Tower casino was expected to open in May, but it was delayed due to new restrictions imposed by the government after a rise in Covid-19 cases.
The casino will have 150 tables offering five types of table game, 90 slot machines, and 70 electronic gaming machines.
According to local media, Lawrence Teo, chief operating officer (COO) of Jeju Dream Tower, said: “The domestic casino market is generating 30 to 40bn won in sales per month, mainly foreigners living in Korea, even when the [entry] of overseas tourists is restricted.
“We are receiving inquiries from prospective customers who want to enjoy a new level of casino experience in Jeju.”
In 2020, casinos on Jeju island together saw sales decline by 63.6 per cent year-on-year in 2020 to KRW69.30bn (US$61.5m). That compares to sales of KRW190.0bn (US$168.7m) in 2019, before the global Covid-19 pandemic.
Only four Jeju casinos out of a total of 16 foreigner-only venues remained operational through most of 2020: Paradise Co’s Paradise Casino Jeju Grand, Landing Casino at Jeju Shinhwa World, Casino Lotte Tour at Lotte Hotel Jeju and Gongzi Jeju.