{"id":777013041,"date":"2024-02-09T08:20:52","date_gmt":"2024-02-09T11:20:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013041"},"modified":"2026-04-22T13:10:57","modified_gmt":"2026-04-22T16:10:57","slug":"jeju-dream-tower-posts-net-loss-of-us152-7m-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-dream-tower-posts-net-loss-of-us152-7m-for-2023","title":{"rendered":"Jeju Dream Tower posts net loss of US$152.7m for 2023"},"content":{"rendered":"\n

There was an improvement of 9.4 per cent compared to 2022.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0Lotte Tour Development, the operator of Jeju Dream Tower casino, has reported a net loss of KRW203.5bn (US$153m) for 2023. That’s a 9.4 per cent improvement over 2022.<\/p>\n\n\n\n

Sales grew by 70.7 per cent to KRW313.5bn (US$236m), while the company’s operating income was up 49 per cent to negative KRW60.6bn (US$45.6m). The company had already reported that\u00a0casino sales for the full year 2023<\/a>\u00a0rose 248.7 per cent year-on-year from KRW43.68bn to KRW152.30bn (US$116.1m).\u00a0<\/p>\n\n\n\n

In January<\/a>, casino sales were KRW23.85bn (US$18.0m). The figure was up 267.3 per cent year-on-year and 66.3 per cent when compared to the previous month. Table-game sales amounted to KRW22.76bn, up 70.8 per cent when compared to December and up 293.2 in year-on-year terms. Machine-game sales reached KRW1.10bn, up 7.5 per cent month-on-month and up 55.2 per cent. Hotel sales were KRW5.15bn, down 26.2 per cent from December and 15.6 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

There was an improvement of 9.4 per cent compared to 2022.<\/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, operator of Jeju Dream Tower casino, reported a net loss of KRW203.5bn (US$153m) for 2023, representing a 9.4 per cent improvement over 2022. The company achieved substantial sales growth of 70.7 per cent to KRW313.5bn, primarily driven by a 248.7 per cent surge in casino sales, indicating robust recovery in its gaming vertical.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Profitability Outlook","query":"What are Lotte Tour Development's strategic initiatives to transition from an improved net loss to sustained profitability, particularly given the strong GGR growth in its gaming vertical?"},{"label":"Market Share Dynamics","query":"How does the reported casino sales growth for Jeju Dream Tower position Lotte Tour Development within the competitive South Korean integrated resort market, and what are the implications for regional market share?"}],"footnotes":""},"categories":[16338,163],"tags":[23765,23851],"class_list":["post-777013041","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\/777013041","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=777013041"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013041\/revisions"}],"predecessor-version":[{"id":777013061,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013041\/revisions\/777013061"}],"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=777013041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}