South Korean foreigner-only gaming operators Grand Korea Leisure Co Ltd (GKL) and Lotte Tour Development experienced a month-on-month sales decrease in April.

Lotte Tour Development Co. Ltd, the backer of the Jeju Dream Tower casino resort on South Korea’s Jeju island, reported a net loss of KRW203.5 billion ($153 million) for the full year 2023, representing a 9.4 percent improvement from 2022.

urism Development, operator of the Jeju Dream Tower, is looking to add another 200 staff to its roster, including hotels, casinos, fashion malls and other support functions. 

Lotte Tour Development has the potential to see a turnaround in its performance this year, according to SK Securities analyst Seung-Doo Na.

Lotte Tour Development, operator of the newly opened Jeju Dream Tower, has reported net operating loss of KRW78.8 billion (US$70.1 million) for the full year 2020, representing a sharp deterioration in financial performance.

A local group opposing the opening of the Jeju Dream Tower casino opened a new front in its attacks on Lotte Tour Development by accusing it of manipulating opinion polls that showed a favorable public response to the project.

At the end of this week, Lotte Tour Development will hold the grand opening for the Jeju Dream Tower, an ambitious project, forty years in the making, upon which the firm is expected to either rise or fall.

China Ecotourism Group, formerly known as China LotSynergy, has announced that its subsidiary has won the bid for the “Sports Lottery Computer-Generated Ticket Game Terminal Procurement” Project of Inner Mongolia Autonomous Region Sports Lottery Issuance Center.

China Ecotourism Group, formerly known as China LotSynergy has announced that its subsidiary has won the lottery terminals procurement tenders to supply lottery terminals to Sports Lottery Administration Centers in Guizhou Province.

Lottery is the target. The Chinese government is closely monitoring the lottery market, banning highly addictive lotteries due to their significant social and sales impact. According to a recent paper, Chinese authorities have implemented new restrictions, with stricter regulations introduced since 2019 targeting various lottery types, as part of efforts to control the market’s negative social effects.