{"id":12065,"date":"2020-11-24T21:49:19","date_gmt":"2020-11-24T21:49:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12065"},"modified":"2026-04-23T23:48:07","modified_gmt":"2026-04-24T02:48:07","slug":"jeju-dream-tower-to-open-on-december-18","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-to-open-on-december-18","title":{"rendered":"Jeju Dream Tower to open on December 18"},"content":{"rendered":"\n<p>Reservations are already being taken for the US$1.4bn casino and hotel complex on Jeju Island.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- Jeju Dream Tower will be officially inaugurated on October 18, according to its operator, Lotte Tour Development Company.<\/p>\n\n\n\n<p>Some of the 1,300 employees hired have been working at the new property <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/lotte-tour-to-go-ahead-with-jeju-tower-opening\" target=\"_blank\">since October<\/a><\/em><\/strong> to set up the initial operations. The hotel is already taking reservations. \u00a0\u00a0<\/p>\n\n\n\n<p>The 38-storey tower cost US$1.42bn. Aside from a casino, it will include a 1,600-room Grand Hyatt hotel, 14 restaurants and bars, a shopping mall, an outdoor pool, two spas and a top-floor skydeck lounge.<\/p>\n\n\n\n<p>The Dream Tower foreigner-only casino is expected to open with about 140 gaming tables, 190 slot machines, and 70 electronic gaming machines.<\/p>\n\n\n\n<p>Lotte Tour has <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/lotte-tour-to-move-headquarters-to-jeju\" target=\"_blank\">moved its headquarters<\/a><\/em><\/strong> from Seoul to the property on Jeju Island.<\/p>\n\n\n\n<p>According to IAG, Lotte Tour plans to apply to relocate its current foreigner-only casino from the Lotte Hotel Jeju pending completion of a Casino Impact Study Assessment and approval from local authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reservations are already being taken for the US$1.4bn casino and hotel complex on Jeju Island.<\/p>\n","protected":false},"author":2,"featured_media":12067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Lotte Tour Development Company is set to inaugurate the US$1.42 billion Jeju Dream Tower on October 18, a major integrated resort on Jeju Island, South Korea. This complex will feature a foreigner-only casino with 140 gaming tables and 260 electronic gaming positions, alongside a 1,600-room Grand Hyatt hotel and extensive amenities. The operator also plans to apply to relocate its existing foreigner-only casino, pending regulatory approvals and a Casino Impact Study Assessment.","focusai_entities":"Lotte Tour Development Company, Grand Hyatt","focusai_location":"Jeju Island, South Korea, Seoul","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), tech_data (0.7), marketing_crm (0.8), payments_fraud_aml (0.85), investor_analyst (0.95), gambler_consumer (0.8), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Projections","query":"What are the projected Gross Gaming Revenue (GGR) contributions for Jeju Dream Tower's foreigner-only casino in its initial 12-24 months of operation, and how does this impact Lotte Tour's overall financial outlook?"},{"label":"Regulatory Approval Timeline","query":"What specific regulatory compliance milestones and timelines are anticipated for the Casino Impact Study Assessment and the subsequent approval of Lotte Tour's existing casino license relocation?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23765,23766,152],"class_list":["post-12065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-jeju-dream-tower","tag-jeju-island","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12065"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12065\/revisions"}],"predecessor-version":[{"id":12084,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12065\/revisions\/12084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12067"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}