Việt Nam

Jeju Dream Tower’s September casino revenue nearly doubles year-on-year

Posted on by Admin VietNamGaming

01-10-2020 |  

Jeju Dream Tower’s operator, Lotte Tour Development, reported a sharp increase in financial results for September, with casino revenue reaching KRW52.95 billion ($38.7 million), up 86.3 percent compared to the same month last year, according to its consolidated financial disclosure.

Jeju Dream Tower, an integrated resort and the tallest landmark on Jeju Island, opened in 2020 and is promoted by Lotte Tour Development.

Dream Tower Casino generated KRW51.11 billion ($37.3 million) from table games, an 88.2 percent rise year-on-year, while machine revenue rose 44.7 percent to KRW1.83 billion ($1.3 million). Overall casino revenue was also 23.2 percent higher than in August, when the company posted KRW42.99 billion ($31.4 million).

Hotel operations, however, recorded a decline. Revenue stood at KRW6.93 billion ($5.1 million), down 17.1 percent from August, but still 1.7 percent above September 2024.

For the first nine months of 2025 the total amount bet at table games, KRW1.78 trillion ($1.3 billion), was a 59.7 percent increase from the KRW1.11 trillion ($813 million) recorded in the same period last year.

In 2024, casino operations represented 62.5 percent of the company’s total revenue, while hotel operations accounted for 18.2 percent.

It is also worth noting that in late August, the Jeju Dream Tower Casino overtook Paradise City to become South Korea’s highest-earning casino exclusively for foreign players.

South Korea’s new visa-free policy for Chinese tour groups began on September 29th, with the government expecting 1 million extra visitors by June 2026. The scheme allows groups of three or more, organized by approved agencies, to stay up to 15 days without a visa. Jeju Island continues its separate policy permitting individual and group travelers to visit for up to 30 days visa-free.

Source: AGBrief

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