Lotte Tour Development Co Ltd, promoter of South Korea casino hotel complex Jeju Dream Tower (pictured in file photo), said its casino sales in January rose 55.0 percent year-on-year to nearly KRW45.60 billion (US$31.3 million).
Judged sequentially, last month’s casino sales were up 11.2 percent, according to a filing lodged on Monday with the Korea Exchange.
In January, sales generated from gaming tables at the property reached KRW43.73 billion, up 55.4 percent from a year ago, and an increase of 12.4 percent from December.
The January hold rate for table games at the property stood at 18.7 percent, above last year’s average of 18.5 percent, according to Lotte Tour’s supplementary business performance data published in its corporate website.
Sales from gaming machine operations stood at just under KRW1.87 billion last month, up 46.0 percent from a year earlier, but down 11.8 percent sequentially.
The casino operator also reported that January’s casino table drop – the amount paid by customers to purchase chips for table games – rose 92.8 percent year-on-year to KRW233.50 billion. The figure was up 21.6 percent from December.
The company did not explain in the filing the variations in its latest reported sales figures.
Lotte Tour’s January hotel sales reached nearly KRW5.61 billion, up 2.2 percent from the prior-year period, but down 25.3 percent sequentially.
