Jeju Dream Tower‘s casino operations saw substantial growth in March, with revenue jumping 46.5 percent compared to the same period last year, reaching KRW32.50 billion ($22.1 million).
According to a Tuesday Korea Exchange filing, the casino’s performance also showed strong month-on-month growth, with revenue increasing 43.7 percent from February’s figures.
Table games continued to be the primary revenue source, generating KRW30.93 billion ($21 million) in March. This represents a 46.3 percent year-on-year increase and a 49.3 percent jump from February’s performance.
Gaming machine revenue reached nearly KRW1.57 billion ($1.1 million), showing a substantial 50.4 percent increase compared to March last year, despite declining 17.4 percent from the previous month.
However, the group’s hotel sector faced challenges, with March revenue dropping to KRW4.1 billion ($2.8 million). This marks a significant 25.3 percent decline from the same period last year and a 9 percent decrease from January.
First-quarter casino revenue for 2025 totaled KRW84.54 billion ($57.5 million), representing a 20.8 percent increase compared to the first quarter of 2024. Meanwhile, hotel revenue fell to KRW14.09 billion ($9.6 million), down 15.9 percent year-on-year.
The integrated resort, developed by Lotte Tour Development and opened in 2020, reported substantial full-year revenue growth for 2024. Total revenue reached KRW294.6 billion ($200.83 million), marking a 93.3 percent increase from 2023’s KRW152.4 billion ($103.12 million).
Table games were the standout performer in 2024, with revenue rising 100.2 percent to KRW276.4 billion ($188.41 million), while machine gaming revenue increased 27.1 percent to KRW18.1 billion ($12.34 million).
