{"id":777003285,"date":"2023-03-14T13:36:12","date_gmt":"2023-03-14T16:36:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003285"},"modified":"2026-04-22T23:46:18","modified_gmt":"2026-04-23T02:46:18","slug":"jeju-dream-tower-casino-net-sales-up-107-7-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-casino-net-sales-up-107-7-in-2022","title":{"rendered":"Jeju Dream Tower casino net sales up 107.7% in 2022"},"content":{"rendered":"\n<p>Jeju Dream Tower casino sales reached KRW43.68bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- <strong>Lotte Tour Development<\/strong>, the operator of the Jeju Dream Tower resort and foreigner-only casino on Jeju Island, has reported net casino sales of almost KRW43.68bn (US$33.4m) for the full-year 2022. That&#8217;s a 107.7 per cent increase from KRW21.03bn in 2021.<\/p>\n\n\n\n<p>The casino segment generated an operating loss of KRW16.45bn, which widened from KRW10.24bn in the previous year. The <strong>casino-segment net loss was KRW16.33bn<\/strong>, up from KRW10.46bn in 2021, and the property&#8217;s depreciation and amortisation costs were KRW11.93bn in 2022, compared to KRW9.76bn in 2021.<\/p>\n\n\n\n<p>Jeju Dream Tower&#8217;s interest-related costs for 2022 decreased by 52 per cent to KRW69.61m. Lotte Tour Development&#8217;s group-wide gross sales for 2022 were KRW183.67bn. It reported an operating loss of KRW118.74bn.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-korea-to-drop-pre-departure-covid-19-tests\" target=\"_blank\">South Korea to drop pre-departure Covid-19 tests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeju Dream Tower casino sales reached KRW43.68bn.<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 a significant increase in net casino sales for its Jeju Dream Tower foreigner-only casino in FY2022, reaching KRW43.68bn, a 107.7% rise from 2021. Despite this revenue growth, the casino segment's operating loss widened to KRW16.45bn, and the net loss increased to KRW16.33bn, indicating persistent profitability challenges. Group-wide, Lotte Tour Development also posted a substantial operating loss of KRW118.74bn for the year.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Profitability Outlook?","query":"What are the primary drivers behind the widening operating and net losses at Jeju Dream Tower despite significant casino sales growth, and what is Lotte Tour Development's strategic roadmap to achieve sustainable profitability?"},{"label":"Market Recovery Impact?","query":"How has the 'foreigner-only' casino model in South Korea, particularly on Jeju Island, been impacted by post-pandemic travel recovery, and what are the projections for GGR and NGR in 2023 given the reported sales increase?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23765,23851],"class_list":["post-777003285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-jeju-dream-tower","tag-lotte-tour-development"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003285","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=777003285"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003285\/revisions"}],"predecessor-version":[{"id":777003313,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003285\/revisions\/777003313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}