Casino net revenue at Jeju Dream Tower rose by 45.5 percent year-on-year in November, reaching KRW26.08 billion ($18.6 million). Month-on-month, casino sales increased by 7.8 percent.
The data comes from a filing by Lotte Tour Development, the operator of Jeju Dream Tower, with the Korea Stock Exchange on Monday.
Visitor numbers to the casino in November totaled 35,812, representing a 4 percent decline compared to October but a 25.4 percent increase year-on-year, as outlined in a separate earnings presentation.
Hotel sales for the month amounted to KRW5.56 billion ($4 million), reflecting a 27.7 percent drop month-on-month and a 16.2 percent decrease year-on-year.
For the first 11 months of 2024, casino revenue reached KRW271.05 billion ($193 million), a notable 96.3 percent increase compared to the same period in 2023. Table games generated the majority of this revenue, contributing KRW254.33 billion ($181 million), a 103.8 percent rise year-on-year. Revenue from gaming machines during this period stood at KRW16.72 billion ($12 million), up 26.0 percent year-on-year.
Hotel revenue for the January-to-November period totaled KRW79.09 billion ($56 million), marking a 6.7 percent decline compared to the prior year.
The casino’s table drop – the amount customers wagered on table games – reached KRW133.10 billion ($95 million) in November, a decrease of 2.9 percent month-on-month but a 13.9 percent increase year-on-year.
For the first 11 months of 2024, the table drop amounted to KRW1.38 trillion ($982 million), a 20.6 percent growth compared to the same period in 2023.
