April casino sales for Lotte Tour Development Co Ltd grew sequentially and year-on-year to KRW48.84 billion (US$33.3 million), as the foreigner-only casino at its Jeju Dream Tower resort (pictured in file photo) saw improvement in table game hold rate and casino-visitor volume during that month.
That is according to a Monday filing Lotte Tour lodged with the Korea Exchange, and supplementary corporate updates published on the same day.
April casino sales for Jeju Dream Tower – a property on the South Korean holiday island of Jeju – went up 20.9 percent from March, and rose 48.5 percent year-on-year.
Table-game sales were KRW46.50 billion, up 49.4 percent year-on-year, and up 21.3 percent from March.
Machine-game sales last month generated nearly KRW2.34 billion, up 33.4-percent from the prior-year period, and 14.3-percent up on March.
April hold from table games was 22.6 percent, up 2.3 percentage points from March, and also up 6.1 percentage points from the same month last year, corporate materials indicate.
The property logged 58,534 casino visitors in April, up 27.9 percent year-on-year, and up 9.2 percent from March.
Hotel sales at Jeju Dream Tower reached KRW7.38 billion in April, a 3.8-percent improvement year-on-year. Judged sequentially, the tally rose 25.4 percent.
The company’s casino drop for April – the amount paid that month by customers to purchase chips for table games – rose 8.7 percent year-on-year and by the same percentage sequentially from March, to circa KRW205.34 billion. Casino drop for the first four months of this year was nearly KRW779.21 billion, up 28.0 percent year-on-year.
For the first four months of this year, casino sales totalled KRW167.47 billion, up 42.6 percent year-on-year.
No commentary was provided on the reasons for the respective year-on-year and month-on-month changes.
