{"id":29924,"date":"2022-05-17T11:04:13","date_gmt":"2022-05-17T14:04:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29924"},"modified":"2026-04-23T08:40:12","modified_gmt":"2026-04-23T11:40:12","slug":"jeju-dream-tower-posts-gaming-revenue-of-us14-5m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us14-5m-for-q1","title":{"rendered":"Jeju Dream Tower posts gaming revenue of US$14.5m for Q1"},"content":{"rendered":"\n<p>The Casino at South Korea&#8217;s Jeju Dream Tower saw revenue rise 28.5 per cent quarter-on-quarter.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The casino at the Jeju Dream Tower has reported gaming revenue of <strong>KRW18.5bn (US$14.5m<\/strong>) for the first quarter, ended on March 31. According to the venue\u2019s promoter, <strong>Lotte Tour Development<\/strong>, the figure represents a 26 per cent improvement from KRW14.4bn (US$12m) <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us12m-for-q4\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us12m-for-q4\" target=\"_blank\">in the previous quarter<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>The casino located in the capital of the South Korean holiday island of Jeju reported revenue of KRW3.7bn (US$2.8m) for January, KRW4.7bn (US$3.7m) for February and KRW10.1bn (US$7.8m) for March. Q1 net sales were KRW12.3bn (US$9.5m).\u00a0<\/p>\n\n\n\n<p>The <strong>VIP segment<\/strong> grew 48 per cent from the previous quarter to KRW14bn (US$11m). <strong>Mass table revenue<\/strong> fell 12.8 per cent to KRW 4.1bn (US$3.2m).<\/p>\n\n\n\n<p>The promoter of Jeju Dream Tower recorded a Q1 operating loss of KRW27.2bn (US$21m) and negative EBITDA of KRW7.3bn (US$5.6m), versus the previous quarter\u2019s operating loss of under KRW30.1bn (US$23m) and negative EBITDA of KRW11.2bn (US$8.7m).<\/p>\n\n\n\n<p>The Jeju Dream Tower casino <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us12m-for-q4\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us12m-for-q4\" target=\"_blank\">opened its doors in June 2021<\/a>. A new phase of the Grand Hyatt hotel was launched on January 10. The property now has 1,600 rooms.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-operator-to-recruit-200-employees\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-operator-to-recruit-200-employees\" target=\"_blank\" rel=\"noreferrer noopener\">Jeju Dream Tower operator to recruit 200 employees<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Casino at South Korea&#8217;s Jeju Dream Tower saw revenue rise 28.5 per cent quarter-on-quarter.\u00a0<\/p>\n","protected":false},"author":226,"featured_media":15692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Casino at Jeju Dream Tower reported a 26% quarter-on-quarter increase in Q1 gaming revenue to KRW18.5bn, primarily driven by a 48% surge in its VIP segment, despite a decline in mass table revenue. While the property continues to report an operating loss and negative EBITDA, both metrics showed improvement compared to the previous quarter, indicating a potential trajectory towards operational efficiency.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower, Grand Hyatt","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"VIP Growth Sustainability","query":"What specific strategic initiatives or market conditions are driving the significant VIP segment growth at Jeju Dream Tower, and is this trajectory sustainable given the broader regional competitive landscape?"},{"label":"Path to Profitability","query":"Given the continued operating loss and negative EBITDA, what is Lotte Tour Development's projected timeline and operational strategy to achieve positive EBITDA and net profitability for the Jeju Dream Tower casino?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23765,152],"class_list":["post-29924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-jeju-dream-tower","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29924","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29924"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29924\/revisions"}],"predecessor-version":[{"id":29938,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29924\/revisions\/29938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15692"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}