Jeju Dream Tower’s casino net revenue fell 45.1 percent year-on-year in September despite record visitation, as lower table hold weighed on the South Korean property’s results.
Operator Lotte Tour Development reported casino net revenue of KRW29.09 billion ($21.4 million), down 37.7 percent from August, according to its October 1st filing.
The company’s September operating data showed casino visitation reached a monthly record of 66,393, up 12.4 percent year-on-year and surpassing the previous high of 63,192 recorded in May.
However, table hold fell to 10.8 percent, its lowest level since December 2023. That compared with a 20.0 percent average over the preceding 12 months.
Table drop, the amount customers paid to purchase chips for table games, totaled KRW237.82 billion ($175 million), down 10.5 percent year-on-year and 19.0 percent from August. The decline was considerably smaller than the fall in table revenue.
Table-game net revenue dropped 49.6 percent year-on-year to KRW25.78 billion ($19 million), accounting for most of the overall casino revenue decline. Machine revenue increased 80.6 percent to KRW3.31 billion ($2.43 million), but the growth was insufficient to offset the weaker table-game result.
The September decline also weighed on quarterly performance. Based on the company’s monthly figures, third-quarter casino net revenue totaled KRW127.34 billion ($93.7 million), down 13.4 percent from the previous quarter. Over the same period, table drop increased 17.4 percent, while casino visitation totaled 188,147.
Despite the monthly decline, casino net revenue for the first nine months of 2026 remained 17.7 percent above the previous year at KRW393.08 billion ($289.2 million). Table drop over the same period increased 10.1 percent to KRW1.96 trillion ($1.44 billion).
Hotel revenue on a consolidated basis fell 8.7 percent year-on-year and 27.9 percent month-on-month to KRW6.33 billion ($4.66 million) in September. The nine-month total remained 9.6 percent higher than a year earlier.
