On Tuesday, about a thousand Lotte Tour Development employees were notified that they should prepare to show up at the newly-constructed Jeju Dream Tower to begin their work around the middle of next month.
In the first wave, about 200 employees with experience operating hotel services and F&B have been instructed to show up to work on October 19. About 800 additional employees have been told to arrive a week later.
Approvals for building use came into force on September 3, and about 360 employees have already been working from nearby offices in Jeju preparing the ground.
Lotte Tour Development recently gained shareholder approval to move the company headquarters from Seoul and into Jeju Dream Tower.
The company aims to achieve the full opening of the tower complex by the end of the year, including a decision on the hotel’s ranking and permission to launch the casino.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.