Jeju’s Dream Tower Casino Sees First Jackpot Win 12 Days After Opening

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GGRAsia

Inspire baccarat bets start circa Macau level says exec

The new Mohegan Inspire Entertainment Resort in South Korea, opened its two-level foreigner-only casino on Saturday, offering 150 table games, 390 slot machines and 160 electronic table games encompassing a live-dealer stadium. The property anticipates that - while bet pricing is dynamic, depending on levels of demand - mass-market live baccarat…

Baccarat ・ 05 February 2024

Asgam

Jeju Dream Tower moves into profit in 3Q23 as more casino customers fly in

Jeju Dream Tower, the Jeju integrated resort launched by Korea's Lotte Tour Group in 2021, finally moved into surplus in the three months to 30 September 2023, reporting an operating profit of KRW300 million (US$230000). According to details contained within the company's results presentation, the improved result was due to an Increase in number of…

Land-based ・ 16 November 2023

Asgam

Casino sales at Jeju Dream Tower jump 38% month-on-month in October

Lotte Tour's Jeju Dream Tower integrated resort saw casinos revenues jump by 38.3% month-on-month and 506% year-on-year to KRW19.8 billion (US$14.7 million) in October, falling just short of the company's all-time record of KRW20.1 billion (US$15.5 million) reported in July. According to information filed with the Korea Exchange on Wednesday, the…

Finance ・ 02 November 2023

GGRAsia

Jeju Dream Tower Sept casino sales down 20pct m-o-m

Casino sales at the Jeju Dream Tower casino resort (pictured in a file photo), on the South Korean holiday island of Jeju, decreased by 20.0 percent month-on-month in September, to approximately KRW14.33 billion (US$10.6 million), according to a Tuesday filing to the Korea Exchange. August sales had themselves been down 10.9-percent on…

Travel ・ 11 October 2023

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Asgam

Jeju Dream Tower’s casino revenues down 11% in August following record month in July

Lotte Tour's Jeju Dream Tower integrated resort saw casinos revenues fall by 10.9% month-on-month to KRW17.9 billion (US$13.5 million) in August, albeit off a record-breaking performance in July. According to information filed with the Korea Exchange on Tuesday, the August result included table game revenue of KRW15.9 billion (US$11.9 million),…

Finance ・ 06 September 2023

Asgam

Korea’s Paradise, GKL continue positive momentum in August as casino revenues rise again

Leading South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both reported strong growth in August, continuing their positive momentum since the easing of border restrictions last year. Paradise, which operates Paradise City in Incheon plus casinos in Seoul, Busan and Jeju, saw its casino revenue climb 24.5%…

Finance ・ 05 September 2023

GGRAsia

Casino island Jeju drops remote betting idea says local govt

Jeju island (pictured), a South Korean gaming jurisdiction, says it has dropped for now the idea of trying to have what it terms "proxy betting" offered via the floors of its foreigner-only casinos, citing a lukewarm response from the industry. Another topic for the local industry - whether more land-based licences might be granted on the island -…

Industry ・ 22 August 2023

Asgam

Jeju Dream Tower’s casino revenues beat previous monthly record by 76% in July

Lotte Tour's Jeju Dream Tower integrated resort enjoyed by far its biggest ever month in July, with casino net revenues climbing to KRW20.1 billion (US$15.5 million) - up 76.1% over the previous monthly record of KRW11.4 billion (US$8.8 million) set in May. It was also 517% higher than July 2022, aided by record footfall with 27005 casino visitors…

Finance ・ 03 August 2023

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Korea’s Paradise Co runs bad in July as casino revenue plummets by 32%

Korea's leading foreigner-only casino operator Paradise Co lost some recently gained momentum in July, with casino revenue plummeting by 32.4% month-on-month to KRW63.5 billion (US$49.0 million). Both tables and slots were down, with table game revenue declining by 33.5% to KRW59.7 billion (US$46.0 million) and slots by 9.7% to KRW3.85 billion…

Finance ・ 02 August 2023

Asgam

Jeju Dream Tower suffers slight fall in casino sales to US$7.9 million In June

Korea's Lotte Tour Development reported casino sales of KRW10.3 billion (US$7.9 million) in June, down 9,8% month-on-month although 70.2% higher than the same period last year. Casino sales included KRW9.40 billion (US$7.2 million) from table games, down 12.0% month-on-month, and KRW897 million (US$690000) from gaming machines, up 22.4%. Table drop…

Land-based ・ 05 July 2023

Asgam

Casino sales at Lotte Tour’s Jeju Dream Tower grow to US$8.7 million in May

Korea's Lotte Tour Development reported casino sales of KRW11.4 billion (US$8.7 million) at its Jeju integrated resort, Jeju Dream Tower, in May, setting another monthly record since its June 2021 launch and representing a 14.7% improvement over April. It was also 182% higher than in May 2022, when casino sales were just KRW4.06 billion (US$3.1…

Land-based ・ 08 June 2023

GGRAsia

S. Korea’s Paradise Co March casino revenue up 130pct y-o-y

Casino revenue at South Korea's foreigner-only casino operator Paradise Co Ltd surged by 129.5 percent year-on-year in March, according to a Tuesday filing by the company to the Korea Exchange. Such revenue was approximately KRW42.71 billion (US$32.6 million), compared to about KRW18.61 billion in March 2022. But the result was down 3.8 percent…

Finance ・ 09 April 2023

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Korea’s Paradise, GKL finish 2022 on a high as casino sales surge in December

South Korea's leading foreigner-only casino operators, Paradise Co and Grand Korea Leisure (GKL), have this week reported major gains in casino revenue for FY22 - aided by a strong finish to the year in December. In separate filings with the Korea Exchange, Paradise reported casino revenue of KRW350.7 billion (US$274 million) for the year to 31…

Finance ・ 15 January 2023

Asgam

Casino revenues stabilize for Korea’s Paradise, GKL in November

South Korean foreigner-only casino operators Paradise Co and Grand Korea Leisure both saw their casino revenues fall month-on-month in November, having previously booked significant gains on COVID-19 recovery in October. According to information filed with the Korea Exchange, Paradise saw casino revenues fall 14.9% to KRW39.6 billion (US$30.5…

Finance ・ 04 December 2022

Asgam

Sega Sammy: Japanese VIPs heading back to Paradise City

VIP players from Japan are already heading back to Korea following the recent reopening of international borders, according to Japanese gaming giant Sega Sammy Holdings. Outlining the prospects of the group's Korean integrated resort Paradise City - a joint venture with local foreigner-only casino firm Paradise Co - in its June quarter results…

Covid ・ 07 August 2022

Asgam

Casino at Jeju Dream Tower to welcome first foreign visitors this week

Korea's Lotte Tour Development says it will this month welcome its first foreign customers to the casino at Jeju Dream Tower since it opened a year ago with around 100 visitors from Singapore expected in the coming weeks. The company announced over the weekend that the first direct flight between Singapore and Jeju will touch down on the Korean…

Travel ・ 13 June 2022

Asgam

Korea’s Jeju Dream Tower falls to US$21 million loss in 1Q22

Jeju Dream Tower, the integrated resort launched into the teeth of COVID-19 by Lotte Tour Development in late 2020, has reported gaming revenue of KRW18.5 billion (US$14.5 million) in the three months to 31 March 2022 - up 28.5% on the December quarter. However, Lotte Tour still fell to a loss of KRW27.2 billion (US$21.4 million) - albeit narrowed…

Covid ・ 17 May 2022

GGRAsia

Remote bets, blockchain can aid Jeju casinos: scholars

Jeju island, a semi-autonomous region of South Korea, with its own regulatory system for its foreigner-only casinos, should consider permitting casino-based remote gambling and blockchain technology for casino gambling transactions, to help the sector recover from the Covid-19 pandemic, said respectively several speakers at a Thursday discussion…

Crypto ・ 12 November 2021

GGRAsia

Dream Tower casino revenue US$3.6mln in opening 20 days

Lotte Tour Development Co Ltd, operator of the Jeju Dream Tower casino resort (pictured), on Jeju island, South Korea, released on Tuesday - via a note by Hana Financial Investment Co Ltd - its first set of gaming sales data, covering the period from the casino's opening on June 11, to June 30. Gaming revenue for the stub month, was just under…

Finance ・ 18 August 2021

Asgam

Lotte Tour says new casino at Jeju Dream Tower attracting 300 visitors per day

Dream Tower Casino, the recently opened casino at Lotte Tour Development's Jeju Dream Tower, welcomed an average of around 300 visitors per day during the first three weeks of operations, according to local media reports. South Korea news outlet News 1 Korea reported Monday that Dream Tower Casino had achieved casino sales of more than KRW5 billion…

Jobs ・ 07 July 2021

Asgam

Jeju Dream Tower pays out Duo Fu Duo Cai jackpot less than two weeks after opening

It didn't take long for Jeju Dream Tower to prove a winner. Just 12 days after the opening of the IRs new Dream Tower Casino, a Chinese national living in Korea won a KRW204 million (US$180000) jackpot while playing Scientific Games' Duo Fu Duo Cai link on 22 June. According to local media reports, the jackpot is reportedly the highest paid out in…

Winnings ・ 28 June 2021

Asgam

Jeju to start testing of gaming equipment at foreigner-only casinos

Authorities in Jeju have revealed that they will commence direct inspections of all gaming equipment, including slot machines and electronic table games, on the island in order to ensure fairness and transparency of the industry. The inspections follow implementation of the Jeju Special Self-Governing Province Casino Game Equipment Inspection…

Games ・ 23 June 2021

World Casino News

June opening for Jeju Dream Tower casino

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that it intends to officially premiere the gambling element within its new Jeju Dream Tower development from next month. According to a Tuesday report from Inside Asian Gaming, the $1.4 billion property'soft launched' its restaurants, retail…

Covid ・ 02 June 2021

GGRAsia

Paradise Co October casino revenue up 9pct m-on-m

Casino revenue at Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, rose 9.0 percent sequentially in October, compared to September, the firm said in a Tuesday filing to the Korea Exchange. October casino revenue was KRW22.36 billion (US$19.7 million), versus just under KRW20.51 billion in September. But judged year-on-year,…

Finance ・ 20 May 2021

Asgam

Paradise Co casino sales stabilize in August but down 75% year-on-year

South Korean foreigner-only casino operator Paradise Co reported casino sales of KRW17.30 billion (US$14.6 million) in August - down 75% year-on-year but flat compared with July. With table game sales almost identical month-to-month at KRW15.41 billion (US$13.0 million) - slots fell 3.3% to KRW1.90 billion (US$1.6 million) - the numbers look likely…

Covid ・ 07 May 2021