{"id":35378,"date":"2022-11-14T12:57:22","date_gmt":"2022-11-14T15:57:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35378"},"modified":"2026-04-23T03:01:09","modified_gmt":"2026-04-23T06:01:09","slug":"jeju-dream-tower-gross-gaming-revenue-down-17-6-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-gross-gaming-revenue-down-17-6-in-q3","title":{"rendered":"Jeju Dream Tower gross gaming revenue down 17.6% in Q3"},"content":{"rendered":"\n<p>The casino operator has posted gross gaming revenue of US$9.6m for the third 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 shared its financial report for the third quarter of the year. Gross gaming revenue (GGR) was<strong> up 17.6 per cent<\/strong> from KRW15.3bn (US$11.8m) in&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-gross-gaming-revenue-of-us11-8m-for-q2\" target=\"_blank\">the second quarter<\/a>&nbsp;to KRW12.6bn (US$9.6 m) for the three months to September 30.<\/p>\n\n\n\n<p>Lotte Tour Development Co Ltd reported that revenue from its <strong>mass-market tables <\/strong>rose by 15.2 per cent quarter-on-quarter to nearly KRW9.1bn. VIP segment revenue fell 52.1 per cent to about KRW3.5bn while VIP rolling chips amounted to KRW 73.7bn, down 39.1 per cent. There were 24,589 visits to the venue, a 24.8 per cent increase from the previous three months.<\/p>\n\n\n\n<p>Gross gaming revenue after rebates and commissions was KRW10.5bn, down 13.9 per cent drop from the previous quarter. Group-wide, Lotte Tourism Development reported an operating loss of 27bn and earnings before interest, tax, depreciation and amortization (EBITDA) of KRW5.6bn.&nbsp;<\/p>\n\n\n\n<p>Last month,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-expects-to-receive-japanese-vip-players-this-quarter\" target=\"_blank\">Lotte Tour Development Co<\/a>&nbsp;announced that it would bring Japanese VIP players to its&nbsp;<strong>Jeju Dream Tower&nbsp;<\/strong>through two round-trip air charters to Jeju island from Tokyo Narita airport. The first group arrived at Jeju International Airport on November 4 and flew back to Japan on November 6. A second group will arrive on December 30 and fly back on January 3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The casino operator has posted gross gaming revenue of US$9.6m for the third 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":"Lotte Tour Development Co Ltd's Jeju Dream Tower casino reported Q3 GGR of US$9.6m, a 17.6% decrease quarter-on-quarter, primarily driven by a 52.1% decline in VIP segment revenue despite a 15.2% rise in mass-market tables. The company also announced a strategic initiative to attract Japanese VIP players via charter flights to mitigate the VIP segment's underperformance. Group-wide, an operating loss of KRW27bn and EBITDA of KRW5.6bn were recorded.","focusai_entities":"Lotte Tour Development Co Ltd, Jeju Dream Tower","focusai_location":"South Korea, Jeju, Tokyo Narita, Japan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 VIP Strategy Impact","query":"What is the projected impact of the Japanese VIP charter program on Jeju Dream Tower's Q4 VIP segment GGR and overall profitability, considering the Q3 decline?"},{"label":"Mass Market Growth Drivers","query":"What specific operational or marketing initiatives contributed to the 15.2% quarter-on-quarter growth in mass-market table revenue, and are these sustainable?"}],"footnotes":""},"categories":[16338,163],"tags":[23765],"class_list":["post-35378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-jeju-dream-tower"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35378","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=35378"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35378\/revisions"}],"predecessor-version":[{"id":35416,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35378\/revisions\/35416"}],"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=35378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}