Korea’s Lotte Tour Development reported casino sales of KRW11.4 billion (US$8.7 million) at its Jeju integrated resort, Jeju Dream Tower, in May, setting another monthly record since its June 2021 launch and representing a 14.7% improvement over April. It was also 182% higher than in May 2022, when casino sales were just KRW4.06 billion (US$3.1 million).
The improvement came despite hotel sales falling by 29.9% year-on-year to KRW7.68 billion (US$5.9 million), although this was 11.1% higher than in April.
Casino sales included KRW10.7 billion (US$8.2 million) from table games, up 17.7% month-on-month, and KRW733 million (US$562,000) from gaming machines, down 16.0%
For the first five months of 2023 combined, casino sales are up 104.3% over the same period last year to KRW37.7 billion (US$28.9 million), aided by a 159% increase in turnover to KRW417.6 billion (US$320.3 million). May turnover of KRW113.7 billion (US$87.2 million) was 17.5% higher than April and 301% higher than May 2022.
The tallest building in Jeju at 38 floors or 169 meters high, Jeju Dream Tower features a retail mall, 14 restaurants and bars, an outdoor pool deck, top floor skydeck with lounge, two spas and a casino boasting 150 tables and 300 slot machines.
The casino was relocated from its former home at the smaller Lotte Hotel Jeju in June 2021 and covers more than 5,000 square meters while offering 141 gaming tables, 190 slot machines and 71 electronic table games.
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