up 38.3 per cent month-on-month<\/a>\u00a0and up 505.9 per cent when compared to last year.<\/p>\n\n\n\nThese are net figures, accounting for commissions paid to agents, and may differ slightly from the industry’s aggregated sales data compiled by South Korea’s Casino Association. The rise in casino sales for October coincided with an 8.6 per cent month-on-month increase in the number of visitors to the resort’s casino to 30,582 people.\u00a0<\/p>\n\n\n\n
The table game hold percentage for October reached 12.9 per cent, up from 12.7 per cent in September. Table-game sales amounted to KRW18.53bn (US$14.25m), a 41 per cent increase compared to September. Machine-game sales reached KRW1.28bn (US$0.98m), reflecting an 8.2 per cent month-on-month increase. The hold in machine games was up 3.2 percentage points month-on-month at 9.8 per cent.<\/p>\n\n\n\n
Hotel sales for October showed a 17.1 per cent sequential increase, totalling just under KRW9.27bn (US$7.13m). Year-on-year, these sales were down by 13.6 per cent. Accumulated data for the first ten months of the year indicates that casino sales have reached KRW120.17bn (US$92.44m), a 213.8 per cent increase compared to the same period in 2022.\u00a0<\/p>\n\n\n\n
The casino’s table drop, reflecting customer purchases of chips for table games, reached just under KRW143.45bn (US$110.35m) for October \u2013 a 38.3 per cent sequential increase. For the first ten months of 2023, the drop amounted to just over KRW1.03tn (US$792.3m), a year-on-year rise of 177.9 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino sales at Jeju Dream Tower grew 38.3 per cent month-on-month.<\/p>\n","protected":false},"author":176,"featured_media":18146,"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 surge in casino sales at Jeju Dream Tower for October, reaching KRW19.81bn (US$117.6m), a 38.3 per cent month-on-month increase, driven by a rise in visitor numbers and improved hold percentages across both table and machine games. Year-to-date casino sales also demonstrated robust growth, up 213.8 per cent compared to 2022, although hotel sales showed a year-on-year decline despite sequential growth.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower, South Korea\u2019s Casino Association","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Reporting Nuances?","query":"What is the precise impact of Lotte Tour Development's 'net figures, accounting for commissions' on the comparability of its reported GGR with aggregated industry sales data from the South Korea Casino Association?"},{"label":"Sustainability of Growth?","query":"Given the significant month-on-month and year-on-year GGR growth, what are the primary drivers of this performance, and what is the projected sustainability of the current visitor growth trajectory for Jeju Dream Tower?"}],"footnotes":""},"categories":[163,16333],"tags":[23765,23907],"class_list":["post-777010760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-jeju-dream-tower","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010760","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=777010760"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010760\/revisions"}],"predecessor-version":[{"id":777041042,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010760\/revisions\/777041042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}