The venue reported casino revenue of KRW29.42bn (US$20.15m).<\/p>\n\n\n\n\n\n\n\n
South Korea.- Lotte Tour Development<\/strong>, the operator of Jeju Dream Tower casino, has reported that the venue generated KRW29.42bn (US$20.15m) in casino revenue for January. The figure was up 23 per cent year-on-year <\/a>and up 24.7 per cent when compared to the previous month.<\/p>\n\n\n\n Table-game revenue <\/strong>amounted to KRW28.14bn (US$15.17m), up 23.7 per cent year-on-year terms and up 27 per cent sequentially. Machine-game revenue <\/strong>reached KRW1.28bn (US$880,000), up 13 per cent in year-on-year terms and up 11.5 per cent compared to the previous month.<\/p>\n\n\n\n Hotel revenue<\/strong> amounted to KRW5.53bn (US$3.79m), up 7.5 per cent year-on-year and up 0.4 per cent sequentially. The casino drop was KRW121.1bn (US$82.9m), up 0.2 per cent year-on-year but down 8.8 per cent sequentially.<\/p>\n\n\n\n In 2024<\/a>, casino revenues\u00a0<\/strong>rose 93.3 per cent\u00a0year-on-year<\/a>\u00a0to KRW294.65bn (US$200.7m)<\/strong>. Hotel revenue stood at KRW84.52bn (US$57.4m), down 7.8 per cent year-on-year.<\/p>\n\n\n\n The government of Jeju Island has conducted a survey on the island\u2019s foreigner-only casino industry<\/strong>. Among the 1,000 respondents<\/strong>, 25.7 per cent viewed the overall effect of the casinos as positive while 28.6 per cent considered it negative. The remaining 45.7 per cent had no opinion.<\/p>\n\n\n\n Some 49.9 per cent agreed that casinos contributed to inbound tourists staying longer in Jeju, while 21.6 per cent disagreed and 28.5 per cent were neutral. Meanwhile, 49 per cent of respondents thought casinos help to attract foreign tourists. <\/p>\n\n\n\n When asked about the types of projects casinos should undertake to benefit the local community, 34.7 per cent believed that casinos should focus on creating job opportunities for youth, 29.7 per cent cited the tourism industry, 14.9 per cent village development, 12.2 per cent vulnerable groups and 8.5 per cent programmes for students.<\/p>\n\n\n\n Finally, 71.4 per cent were aware that there are foreigner-only casinos in the province, but only 40.4 per cent were aware that Jeju Island directly manages and supervises these casinos. The island has eight casino venues.<\/p>\n","protected":false},"excerpt":{"rendered":" The venue reported casino revenue of KRW29.42bn (US$20.15m).<\/p>\n","protected":false},"author":176,"featured_media":32940,"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's Jeju Dream Tower casino reported significant year-on-year and sequential growth in January's GGR, driven by strong table and machine game performance, alongside robust 2024 annual figures. Concurrently, a Jeju Island government survey revealed mixed public sentiment regarding the foreigner-only casino industry's economic and social impact, highlighting a notable gap in public awareness regarding local regulatory oversight.","focusai_entities":"Lotte Tour Development, Jeju Dream Tower, Jeju Island government","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Jeju Regulatory Impact?","query":"How might the identified public awareness gap regarding Jeju Island's direct management and supervision of foreigner-only casinos influence future regulatory frameworks or social license to operate for entities like Lotte Tour Development?"},{"label":"Revenue Growth Drivers?","query":"What specific market dynamics or operational strategies contributed to Jeju Dream Tower's substantial year-on-year GGR growth, particularly given the sequential decline in casino drop?"}],"footnotes":""},"categories":[16338,163],"tags":[23765,23907],"class_list":["post-777022565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-jeju-dream-tower","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022565","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=777022565"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022565\/revisions"}],"predecessor-version":[{"id":777022586,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022565\/revisions\/777022586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Jeju residents split on casino impact, survey reveals<\/h2>\n\n\n\n