South Korea’s Jeju Dream Tower reported a 5.5 percent year-on-year decline in casino sales for February, totaling just under KRW22.62 billion ($15.5 million).
According to a filing with the Korea Exchange on Tuesday, casino revenue dropped 23.1 percent compared to the previous month.
Jeju Dream Tower, an integrated resort and the tallest landmark on Jeju Island, opened in 2020 and is promoted by Lotte Tour Development.
Table games remained the primary revenue driver, generating KRW20.71 billion ($14 million) in February. However, this marked a 9.1 percent decline from the same period last year and a 26.4 percent drop from January.
Conversely, gaming machine revenue surged to nearly KRW1.91 billion ($1.3 million), reflecting a 63.2 percent year-on-year increase and a 49 percent rise from the previous month.
In the hotel sector, Jeju Dream Tower reported sales of KRW4.51 billion ($3.1 million) in February, a 26.5 percent decline from the same month last year and a 17.8 percent drop from January.
For the first two months of 2025, casino revenue reached KRW52.04 billion ($36 million), an 8.8 percent increase compared to the same period in 2024. However, hotel revenue during this period fell to KRW9.99 billion ($6.8 million), down 11.3 percent year-on-year.
In 2024, Jeju Dream Tower reported total revenues of KRW294.6 billion ($200.83 million), marking a significant 93.3 percent increase from KRW152.4 billion ($103.12 million) in 2023.
Table game revenue for the year soared to KRW276.4 billion ($188.41 million), up 100.2 percent, while machine gaming revenue climbed 27.1 percent to KRW18.1 billion ($12.34 million).
