Gaming sales were up 395 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Lotte Tour Development<\/strong>, the operator of the Jeju Dream Tower casino<\/strong>, has reported a net profit of KRW300m (US$226,760) for the three months ending September 30. It’s the company’s first quarterly profit since the casino resort’s inauguration in December 2020.<\/p>\n\n\n\n Third-quarter gaming sales from Jeju Dream Tower’s foreigner-only casino were KRW52.0bn (US$39.3m), up 395 per cent when compared to the third quarter of 2022. The casino segment reported sales of KRW99.66bn, operating profit of KRW29.13bn and segmental net profit of KRW28.97bn. Net casino sales were KRW20.1bn in July, KRW17.9bn in August, KRW14bn in September, and KRW19.8bn in October.<\/p>\n","protected":false},"excerpt":{"rendered":" Gaming sales were up 395 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":16376,"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 casino, has reported its first quarterly net profit of KRW300m (US$226,760) since its 2020 inauguration. This profitability was driven by a substantial 395% year-on-year increase in third-quarter gaming sales from its foreigner-only casino, reaching KRW52.0bn (US$39.3m). The casino segment alone posted KRW28.97bn in net profit.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Profitability Drivers?","query":"What specific market conditions, operational adjustments, or VIP segment performance contributed to the significant GGR increase and the shift to net profitability for Jeju Dream Tower?"},{"label":"Sustainability Outlook?","query":"What is the projected sustainability of this profitability, considering potential shifts in inbound tourism, competitive landscape, and regulatory frameworks in the South Korean foreigner-only casino market?"}],"footnotes":""},"categories":[16338,163],"tags":[23765,23851],"class_list":["post-777011144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-jeju-dream-tower","tag-lotte-tour-development"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011144","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=777011144"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011144\/revisions"}],"predecessor-version":[{"id":777040958,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011144\/revisions\/777040958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16376"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}