{"id":777005207,"date":"2023-05-15T13:38:42","date_gmt":"2023-05-15T16:38:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005207"},"modified":"2026-04-22T21:59:19","modified_gmt":"2026-04-23T00:59:19","slug":"jeju-dream-tower-reports-89-increase-in-gaming-sales-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-reports-89-increase-in-gaming-sales-for-q1","title":{"rendered":"Jeju Dream Tower reports 89% increase in gaming sales for Q1"},"content":{"rendered":"\n

Jeju Dream Tower has reported sales of KRW16.36bn (US$12.2m) for the first quarter. <\/p>\n\n\n\n\n\n\n\n

South Korea.- The casino at the Jeju Dream Tower<\/strong> has reported Q1 gaming sales of KRW16.36bn (US$12.2m) after rebates and commissions, a rise of 89 per cent sequentially and 33.1 per cent from the same quarter last year<\/a>. <\/p>\n\n\n\n

The casino-segment rolling chip volume experienced a quarter-on-quarter increase <\/strong>of 12.7 per cent, reaching KRW207.10bn (US$154.4m), up from KRW183.80bn (US$136.8m). The rolling chip volume rose 96.7 per cent year-on-year compared to the first quarter of 2022 (KRW105.30bn).<\/p>\n\n\n\n

The casino segment reported a first-quarter operating loss of KRW2.17bn (US$1.6m) and a net loss of KRW2.19bn (US$1.6m). The property’s first-quarter operating loss was KRW33.40bn (US$24.9m), accompanied by negative KRW11.90bn (US$8.9m) in earnings before interest, taxation, depreciation, and amortisation (EBITDA).<\/p>\n\n\n\n

Despite a slight decrease in the volume of visitors compared to the previous quarter (32,700 visitors versus 35,400), visitor numbers were up 28.7 per cent year-on-year from 14,300 in the first quarter of 2022.<\/p>\n\n\n\n

For full-year 2022<\/a>, Lotte Tour Development <\/strong>reported net casino sales of almost KRW43.68bn (US$33.4m), a 107.7 per cent increase from KRW21.03bn in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jeju Dream Tower has reported sales of KRW16.36bn (US$12.2m) for the first quarter.<\/p>\n","protected":false},"author":176,"featured_media":25859,"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's casino reported Q1 gaming sales of KRW16.36bn (US$12.2m), an 89% sequential increase and 33.1% year-on-year, driven by a significant rise in rolling chip volume. Despite this NGR growth, the casino segment recorded an operating loss of KRW2.17bn, contributing to a property-wide negative EBITDA of KRW11.90bn.","focusai_entities":"Jeju Dream Tower, Lotte Tour Development","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA & NGR Outlook","query":"Given the Q1 operating losses despite NGR growth, what is Lotte Tour Development's revised forecast for Jeju Dream Tower's EBITDA breakeven and sustainable NGR trajectory?"},{"label":"VIP Market Dynamics","query":"How does Jeju Dream Tower's Q1 rolling chip volume performance align with broader regional VIP market recovery trends, and what is the associated NGR conversion efficiency?"}],"footnotes":""},"categories":[157,16338],"tags":[23765],"class_list":["post-777005207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-jeju-dream-tower"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005207","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=777005207"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005207\/revisions"}],"predecessor-version":[{"id":777005244,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005207\/revisions\/777005244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25859"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}