Lotte Tour Development, the promoter of the Jeju Dream Tower casino resort on South Korea’s Jeju Island, has disclosed a decrease in casino revenue for June.
According to a filing made on Monday, Jeju Dream Tower reported casino net revenue of KRW18.95 billion ($13.6 million). This marks a 30.1 percent decrease from May’s revenue of around KRW27.11 billion ($19.7 million).
Compared to the same period last year, June’s casino net revenue surged by 84 percent.
The number of visitors to the property’s foreigner-only casino totaled 28,794 last month, reflecting a 3.2 percent decline from the previous month. However, there was a notable 29.4 percent increase in visitor numbers compared to June last year.
Table game net revenue for June was KRW17.76 billion ($12.79 million), down 27.6 percent month-on-month but up 88.9 percent year-on-year.
Machine game net revenue in June reached just over KRW1.19 billion ($860,000), showing a 53.5 percent decrease from May but a 33.1 percent increase from last year.
Total casino drop in June amounted to nearly KRW130.07 billion ($94 million), down 7.1 percent from May. Compared to June 2023, this represented a 14.4 percent improvement.
On June 9th this year, the casino experienced a temporary closure lasting nearly two hours due to a fire incident in a non-gaming area of the complex.
Lotte Tour previously confirmed its expansion efforts.
In April, the company opened a marketing office in Osaka, Japan, a strategic move given Osaka’s significance as a target market for South Korean gaming firms. Plans are also underway to establish a Tokyo liaison office, coinciding with the launch of a direct flight route between Jeju and Tokyo.
