Lotte Tour Development says casino growth at Jeju Dream Tower in Jeju has moved beyond its ramp-up phase and entered a ‘utilization phase’ from January 2026, according to an investor relations document uploaded to the company’s website on Monday, June 15th.
The company defined the period from October 2023 to December 2025 as a ramp-up phase, during which market awareness of the property continued to build. It said that awareness is now supporting sustained growth in 2026.
Jeju Dream Tower’s casino net revenue reached KRW118.6 billion ($78.5 million) in the first quarter of 2026, up 40.3 percent from KRW84.5 billion ($55.9 million) a year earlier.
The company also pointed to casino drop as a clearer indicator of demand and seasonality, excluding hold-rate volatility. Total casino drop rose 35 percent year-on-year to KRW650.5 billion ($430.3 million) in the first quarter, compared with KRW482 billion ($318.8 million) in the prior-year period.
Monthly data showed casino visitors rising from 53,000 in January to 59,000 in April and 63,000 in May. Casino net revenue stood at KRW49 billion ($32.4 million) in both April and May, while total casino drop increased from KRW238 billion ($157.4 million) in April to KRW257 billion ($170 million) in May.
At group level, first-quarter consolidated revenue rose 28.1 percent year-on-year to KRW156.2 billion ($103.3 million). Operating profit more than doubled to KRW28.8 billion ($19.1 million), from KRW13 billion ($8.6 million), with operating margin rising to 18.4 percent from 10.7 percent.
The company still recorded a net loss of KRW7.5 billion ($5 million), narrowing from a loss of KRW23.7 billion ($15.7 million) a year earlier.
