Record Visitors, but Jeju Dream Tower Casino Revenue Falls 38%
Jeju Dream Tower casino revenue fell 38% in September despite record visitors and higher betting volume, as the table hold rate dropped to 10.8%.Summary
Jeju Dream Tower's casino drew a record 66,393 visitors in September, yet casino revenue fell 37.7% from the previous month to 29.1 billion won. The drop amount rose to 237.8 billion won, the second-highest this year, but the table hold rate dropped to 10.8%, the lowest since December 2023 and about half the 12-month average of 20.0%. Industry officials view the revenue decline as temporary, citing volatile hold rates and strong visitor numbers. Third-quarter casino visitors hit a record 188,147, and the drop amount rose 17.4% quarter-on-quarter to 748.4 billion won. Third-quarter casino revenue fell 13.4% from the prior quarter to 127.3 billion won, while hotel revenue reached a quarterly record of 48.6 billion won. Combined third-quarter revenue was 175.9 billion won, and cumulative nine-month revenue rose 15.9% year-on-year to 525.3 billion won. Lotte Tour Development expects October occupancy to reach nearly 94% and anticipates record fourth-quarter results as international flight routes expand.
(Source：서울경제)