{"id":777008808,"date":"2023-08-30T06:23:05","date_gmt":"2023-08-30T09:23:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008808"},"modified":"2026-04-22T18:34:56","modified_gmt":"2026-04-22T21:34:56","slug":"lotte-tour-raises-us12-3m-in-convertible-bonds","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lotte-tour-raises-us12-3m-in-convertible-bonds","title":{"rendered":"Lotte Tour raises US$12.3m in convertible bonds"},"content":{"rendered":"\n<p>The company has completed a private offering of convertible bonds in South Korea.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0<strong>Lotte Tour Development<\/strong>, the operator of the Jeju Dream Tower resort and foreigner-only casino on Jeju Island, has announced that it has concluded a private issuance of convertible bonds valued at KRW16.3bn (US$12.3m) in South Korea.\u00a0<\/p>\n\n\n\n<p>Although the use of the funds was not provided by the company, in April it announced it was in talks with major financial institutions to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-casino-resort-negotiating-us530-6m-refinancing-deal\" target=\"_blank\">refinance a nearly KRW700bn (US$530.6m) mortgage<\/a>.\u00a0<\/p>\n\n\n\n<p>Jeju Dream Tower saw a rise in <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-casino-sales-rise-95-in-july\" target=\"_blank\">casino sales in July<\/a> of 95.3 per cent month-on-month to KRW20.12bn (US$15.5m). The figure was up 516.8 per cent when compared to last year and marks the highest monthly casino sales since the venue opened in June 2021.\u00a0<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-casino-net-sales-up-107-7-in-2022\" rel=\"noreferrer noopener\">For full-year 2022<\/a>,&nbsp;<strong>Lotte Tour Development&nbsp;<\/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":"<p>The company has completed a private offering of convertible bonds in South Korea.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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, operator of the Jeju Dream Tower resort and foreigner-only casino, has completed a private offering of KRW16.3bn (US$12.3m) in convertible bonds in South Korea. This capital raise coincides with the company's reported efforts to refinance a substantial KRW700bn mortgage and follows robust casino sales growth, including a record KRW20.12bn in July.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Refinancing Strategy Impact","query":"What is the projected impact of this convertible bond issuance on Lotte Tour Development's overall debt structure and its ongoing negotiations for the KRW700bn mortgage refinancing?"},{"label":"GGR Sustainability","query":"Given the significant month-on-month and year-on-year GGR growth, what operational or market factors are driving this performance, and what is the outlook for sustaining this trajectory in the competitive Jeju Island foreigner-only casino market?"}],"footnotes":""},"categories":[16338,163],"tags":[23851],"class_list":["post-777008808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-lotte-tour-development"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008808","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=777008808"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008808\/revisions"}],"predecessor-version":[{"id":777008815,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008808\/revisions\/777008815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}