{"id":31546,"date":"2022-07-08T02:31:25","date_gmt":"2022-07-08T05:31:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31546"},"modified":"2026-04-23T07:03:29","modified_gmt":"2026-04-23T10:03:29","slug":"jeju-dream-tower-posts-gross-gaming-revenue-of-us11-8m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gross-gaming-revenue-of-us11-8m-for-q2","title":{"rendered":"Jeju Dream Tower posts gross gaming revenue of US$11.8m for Q2"},"content":{"rendered":"\n<p>The Jeju Dream Tower casino resort has shared its financial report for the second quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- The casino at South Korea\u2019s Jeju Dream Tower has reported that gross gaming revenue was down 17.3 per cent from\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gaming-revenue-of-us14-5m-for-q1\" target=\"_blank\">KRW18.5bn (US$14.5m) in the first quarter<\/a>\u00a0of the year to KRW15.3bn (US$11.8m) in the three months to June 30.<\/p>\n\n\n\n<p>The venue\u2019s promoter,\u00a0<strong>Lotte Tour Development<\/strong>, posted revenue of KRW52.1bn (US$40.2m). The figure was up 27.1 per cent quarter on quarter. Sales revenue for the hotel segment, which includes hotel rooms and food and beverages was about KRW34.0bn (US$26.2m), up 23.6 per cent quarter-on-quarter. <\/p>\n\n\n\n<p>Hotel room revenue in the second quarter was KRW22.4bn. Food and beverage sales totalled KRW 11.6bn. The retail division&#8217;s sales were up 133.3 per cent from KRW1.2bn to about KRW2.8bn (US$2.2m).<\/p>\n\n\n\n<p>The company has <strong>raised its third-quarter consolidated sales forecast to KRW90bn<\/strong>, which, if achieved, would be nearly 73.0 per cent higher than the second quarter.\u00a0The casino operator estimated that<strong> casino GGR in the third quarter will be KRW36bn<\/strong>, which would be up 135.3 per cent from the second quarter.<\/p>\n\n\n\n<p>South Korea has already resumed&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-reopen-its-borders-from-june-1\" rel=\"noreferrer noopener\">issuing short-term tourist entry<\/a>&nbsp;for individual tourists and tour groups. Citizens of most countries can stay in South Korea for up to 90 days for tourism, business trips, medical treatment, visiting relatives, and conference attendance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Jeju Dream Tower casino resort has shared its financial report for the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":19350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jeju Dream Tower casino resort reported a 17.3% QoQ decline in Q2 GGR to KRW15.3bn, while its promoter, Lotte Tour Development, saw overall revenue increase by 27.1% to KRW52.1bn, driven by strong hotel and retail segments. The company forecasts a significant rebound in Q3, projecting consolidated sales of KRW90bn and casino GGR of KRW36bn, buoyed by South Korea's resumption of short-term tourist entry.","focusai_entities":"Jeju Dream Tower, Lotte Tour Development","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Q3 GGR Forecast Drivers?","query":"What specific operational or market factors underpin Lotte Tour Development's aggressive 135.3% Q3 casino GGR forecast, beyond the general resumption of tourist visas?"},{"label":"Diversification Strategy Impact?","query":"How does the strong performance of the hotel and retail segments mitigate the Q2 GGR decline, and what is the long-term strategic intent behind this diversification for Jeju Dream Tower?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23765],"class_list":["post-31546","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"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31546","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=31546"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31546\/revisions"}],"predecessor-version":[{"id":31590,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31546\/revisions\/31590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19350"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}