Casino Growth Transition
Lotte Tour Development has announced that the Jeju Dream Tower’s casino is transitioning into a ‘utilization phase’ commencing January 2026. The phase follows a significant ramp-up period from late 2023 to the end of 2025, as outlined in their investor document released in June. The company highlighted that the awareness cultivated during 2024 and 2025 will facilitate ongoing growth in 2026.
Financial Performance Insights
Jeju Dream Tower reported a notable increase in casino net revenue, reaching KRW118.6 billion ($78.5 million) in 2026’s first quarter, marking a 40.3% rise from the previous year. The casino drop, indicating demand and seasonality without the volatility of hold rates, grew 35% to KRW650.5 billion ($430.3 million) compared to the prior year’s KRW482 billion ($318.8 million).
Visitor and Revenue Metrics
Visitor numbers also climbed steadily, from 53,000 in January to 63,000 by May. Monthly casino net revenue was consistent at KRW49 billion ($32.4 million) for April and May, with casino drop increasing from KRW238 billion ($157.4 million) to KRW257 billion ($170 million) in the same months.
Company-wide Revenue Growth
On a broader level, Lotte Tour’s consolidated first-quarter revenue increased by 28.1% year-on-year to KRW156.2 billion ($103.3 million). The operating profit more than doubled to KRW28.8 billion ($19.1 million), raising the operating margin from 10.7% to 18.4%. Despite improvements, the company posted a reduced net loss of KRW7.5 billion ($5 million), down from KRW23.7 billion ($15.7 million).
