{"id":24696,"date":"2021-11-19T09:56:30","date_gmt":"2021-11-19T12:56:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24696"},"modified":"2026-04-23T13:40:11","modified_gmt":"2026-04-23T16:40:11","slug":"jeju-dream-tower-posts-gaming-revenue-of-us10-4m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us10-4m-for-q3","title":{"rendered":"Jeju Dream Tower posts gaming revenue of US$10.4m for Q3"},"content":{"rendered":"\n

Lotte Tour Development Co Ltd has reported that the Jeju Dream Tower casino resort recorded gaming revenue of KRW12.3bn (US$10.4m) during the third quarter of the year.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Lotte Tour Development Co Ltd\u00a0<\/strong>has shared financial results for the first three months of operations at Jeju Dream Tower casino resort<\/a>, which opened its doors in June. The <\/strong>venue collected KRW12.3bn (US$10.4m) in gaming revenue<\/strong>\u00a0in Q3, while net casino sales were KRW8.2 bn. <\/p>\n\n\n\n

KRW4.3bn from the total gaming revenue came from the VIP segment while mass table play collected KRW8.0bn. VIP rolling chip volume for the third quarter was KRW133.9bn and mass table drop KRW38.0bn. The average number of visitors per day was 250<\/strong>.<\/p>\n\n\n\n

The company has announced it is ready to\u00a0open a new tower on Jeju Island on November 29.<\/a> The new complex will include 850 hotel rooms.\u00a0The complete Grand Hyatt hotel with its two 38-floor towers covers a total floor area of 303,737 square metres. Jeju Dream Tower<\/a>\u00a0said it sold more than 8,500 room packages in 70 minutes as part of its year-end sale.<\/p>\n\n\n\n

Jeju Island considers allowing Koreans to gamble<\/h2>\n\n\n\n

Authorities in South Korea are considering possible solutions to help the country\u2019s foreigner-only casino industry<\/a>, which has been hit hard by the Covid-19 pandemic. <\/p>\n\n\n\n

Last week, Bong Mi Hee, a professor at the Integrated Resort Tourism Research Centre at Inha Technical College<\/strong>, suggested remote gambling<\/a>, either using cryptocurrency or credit card, should be considered for Jeju casino venues. <\/p>\n\n\n\n

Now,\u00a0Felix Lee, senior assistant of IGamiX Management & Consulting in South Korea<\/strong>, said the government is reviewing a comprehensive plan for Jeju Island casinos, which reportedly includes a proposal to allow Korean tourists from other parts of the peninsula to gamble.\u00a0Lee noted that the proposal wouldn\u2019t allow islanders themselves to gamble.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lotte Tour Development Co Ltd has reported that the Jeju Dream Tower casino resort recorded gaming revenue of KRW12.3bn (US$10.4m) during the third quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":8838,"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 reported KRW12.3bn (US$10.4m) in Q3 gaming revenue for its Jeju Dream Tower casino resort, driven by both VIP and mass segments. Concurrently, South Korean authorities are evaluating policy adjustments, including potentially allowing Korean tourists from the mainland to gamble on Jeju Island, to bolster the struggling foreigner-only casino sector.","focusai_entities":"Lotte Tour Development Co Ltd, Jeju Dream Tower, Grand Hyatt, Integrated Resort Tourism Research Centre at Inha Technical College, IGamiX Management & Consulting, Bong Mi Hee, Felix Lee","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Jeju Local Play Impact","query":"What is the projected GGR uplift for Jeju Island casinos if the proposal to allow Korean tourists from the mainland to gamble is implemented, and how would this impact existing foreigner-only operators?"},{"label":"Remote Gambling Feasibility","query":"What specific regulatory and technological hurdles would need to be overcome to implement remote gambling, particularly with cryptocurrency, for Jeju casino venues, and what are the associated AML risks?"}],"footnotes":""},"categories":[157,16338],"tags":[23765,23907],"class_list":["post-24696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-jeju-dream-tower","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24696","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24696"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24696\/revisions"}],"predecessor-version":[{"id":24708,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24696\/revisions\/24708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8838"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}