• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Dream Tower June GGR monthly record, 2Q GGR down on 1Q

Jul 07, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck  


Dream Tower June GGR monthly record, 2Q GGR down on 1Q

The Jeju Dream Tower casino resort, on the South Korean holiday island of Jeju, reported quarterly casino gross gaming revenue (GGR) of approximately KRW15.3 billion (US$11.8 million) in the three months to June 30. For June alone, the venue produced KRW7.0 billion GGR; a monthly record since the gaming portion of the facility opened in June last year.

Nonetheless, second-quarter GGR was down 17.3 percent sequentially on the KRW18.5-billion tally for the first three months of the year, showed the latest data from the resort’s promoter, Lotte Tour Development Co Ltd.

The venue’s second-quarter revenue across its three operating segments – the casino (pictured), hotel and retail – totalled KRW52.1 billion, up to 27.1 percent sequentially on the first quarter’s KRW41.0 billion.

The hotel department’s sales revenue in the second quarter, including from hotel rooms, and food and beverage services, was approximately KRW34.0 billion, up 23.6 percent from the first quarter’s KRW27.5 billion.

Second-quarter hotel room sales were KRW22.4 billion. Food and drink sales were KRW11.6-billion.

The retail segment’s sales revenue in the second quarter was approximately KRW2.8 billion, up 133.3 percent relative to the KRW1.2 billion in the first three months of the year.

The firm stated in a Thursday release, it had raised its forecast for consolidated third-quarter sales, to KRW90.0 billion, which if achieved, would be nearly 73.0 percent up from the second quarter. The company estimated its casino GGR would be KRW36.0 billion for the third quarter. If Jeju Dream Tower reaches the target, it would be a rise of 135.3 percent relative to the second quarter.

A visa-free entry scheme to Jeju island – for holders of certain passports, including China’s, – restarted on June 1, after being paused for more than two years, due to the Covid-19 pandemic.


  • tweet
Related articles
  • Sands China partners with Kakao Pay to lure S.Korean visitors
    Sands China partners with Kakao Pay to...

    Sep 25, 2023  

  • Mohegan Inspire 97pct completed, on target for 4Q launch
    Mohegan Inspire 97pct completed, on...

    Sep 22, 2023  

More news
  • Wynn Macau Ltd, Broadway Asia tie up for resident show
    Wynn Macau Ltd, Broadway Asia tie up...

    Sep 26, 2023  

  • G2E Asia 2024 set for Macau in June, no Singapore event
    G2E Asia 2024 set for Macau in June, no...

    Sep 26, 2023  


Latest News

Wynn Macau Ltd, Broadway Asia tie up for resident show

Wynn Macau Ltd, Broadway Asia tie up for resident show

Sep 26, 2023  

Macau casino operator Wynn Macau Ltd has announced a partnership with Broadway Asia, to “create the conceptual design” for a new resident show for the future Wynn Theater venue, to be located at...
Read More
G2E Asia 2024 set for Macau in June, no Singapore event

G2E Asia 2024 set for Macau in June, no Singapore event

Sep 26, 2023  

LET Group, buyer amend deal for Hokkaido land

LET Group, buyer amend deal for Hokkaido land

Sep 26, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


50

Maximum aggregate number of licensed gaming promoters – also known as ‘junkets’ – that Macau's casino operators will be able to work with in 2024



Most Popular

  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
  • Macau govt sets junket cap per casino operator for 2024Macau govt sets junket cap per casino operator for 2024 September 25, 2023
  • Wynn Macau Ltd cancels K-pop festival scheduled for OctWynn Macau Ltd cancels K-pop festival scheduled for Oct September 25, 2023
  • Strong Macau hotel bookings for autumn Golden WeekStrong Macau hotel bookings for autumn Golden Week September 22, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us