Casino net revenue at Jeju Dream Tower resort (pictured in a file photo) on South Korea’s Jeju island, rose 46.5 percent year-on-year in March, to just above KRW32.50 billion (US$22.1 million). Such revenue grew by 43.7 percent sequentially, the venue’s promoter, Lotte Tour Development Co Ltd, said in a Tuesday filing to the Korea Exchange.
Nearly KRW30.93 billion of the casino revenue last month was from table games, up 46.3 percent from the prior-year period. The tally increased by 49.3 percent from the preceding month.
Gaming machine revenue in March was just over KRW1.57 billion, a year-on-year gain of 50.4 percent, but down 17.4 percent from February.
Lotte Tour’s hotel sales for March stood at about KRW4.10 billion, down 25.3 percent from a year earlier, and a decline of 9.0 percent month-on-month.
Casino revenue for the first three months of the year was KRW84.54 billion, up 20.8 percent from the prior-year period.
Hotel revenue in the three months to March 31 was KRW14.09 billion, down 15.9 percent year-on-year.
Lotte Tour posted a net loss of about KRW114.35 billion for full-year 2024, an improvement on the KRW202.33-billion loss in the previous year.
The firm reported sales – covering its casino, hotel and travel businesses – of KRW471.47 billion for 2024, a 50.4-percent increase from 2023.
