• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 27 January 2023
    IAG
    Advertisement
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    No Result
    View All Result

    Korea’s Jeju Dream Tower breaks monthly GGR record in June

    Newsdesk by Newsdesk
    Fri 8 Jul 2022 at 05:55
    Grand Hyatt in Lotte Tour’s Jeju Dream Tower granted 5-star rating
    16
    SHARES
    401
    VIEWS
    Print Friendly, PDF & Email

    South Korea’s Jeju Dream Tower saw casino gross gaming revenue record a new monthly record in June, with GGR of KRW7.0 billion (US$5.4 million) representing the highest monthly total since opening 12 months earlier.

    The improved June result, announced by operator Lotte Tour Development this week, comes after the Korean government dropped a mandatory hotel quarantine requirement for unvaccinated international visitors from 8 June. It also resumed the issuance of tourist visas for the first time in more than two years from 1 June.

    Despite the strong finish to the June quarter, total 2Q22 casino revenue actually fell by 17.3% compared with the first three months of 2022 to KRW15.3 billion (US$11.8 million) – although this was in contrast to Jeju Dream Tower’s non-gaming elements.

    Lotte Tour said Thursday that combined 2Q22 revenue across its casino, hotel and retail segments was up 27.1% quarter-on-quarter to KRW52.1 billion (US$40.2 million), with hotel revenue up 23.6% to KRW34.0 billion (US$26.2 million) and retail by 133% to KRW2.8 billion (US$2.2 million).

    The company is also estimating Q3 sales of KRW90.0 billion (US$69.4 million) with GGR of KRW 26.0 billion (US$20.0 million) as Korea’s COVID-19 recovery gains momentum.

    RelatedPosts

    Dallmeier shortlisted in two categories at European Casino Awards 2023

    Dallmeier shortlisted in two categories at European Casino Awards 2023

    Fri 27 Jan 2023 at 06:32
    Credit Suisse warns of Macau casino liability over HK$30 billion to HK$50 billion in frozen junket deposits

    Next three days to determine GGR success of Chinese New Year for Macau’s concessionaires

    Wed 25 Jan 2023 at 19:47
    Galaxy partner SBM sees increased profit in FY2020

    Monaco’s SBM on track for record year as revenue surges 27% through December

    Wed 25 Jan 2023 at 19:21
    Pacific puzzle

    Saipan casino regulator shuts down office due to lack of funding

    Thu 19 Jan 2023 at 05:46
    Load More
    Tags: casinogross gaming revenueJeju Dream TowerLotte Tour Development CoSouth Korea
    Share6Share1
    Newsdesk

    Newsdesk

    The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

    Current Issue

    Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

    Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:39

    In what has become a point of widespread debate, the Macau SAR Government has called on its gaming concessionaires to...

    Singapore swing

    Singapore swing

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:32

    Having previously established itself as the gold standard in the operation and regulation of integrated resorts in Asia following the...

    Flying high

    Flying high

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:25

    Having endured a hectic three years at Marina Bay Sands which saw him promoted to Chief Operating Officer while dealing...

    Coming together

    Coming together

    by Newsdesk
    Wed 4 Jan 2023 at 11:21

    On 1 August 2022, Singapore officially inaugurated a new gambling regulator, the Gambling Regulatory Authority (GRA), replacing the former Casino...

    Softswiss
    Evolution Asia
    Aristocrat
    Solaire
    Solaire
    Beter
    Beter
    IGT

    Related Posts

    London calling

    Sands China expecting positive return on multi-billion dollar Macau non-gaming commitment

    by Ben Blaschke
    Fri 27 Jan 2023 at 07:23

    Sands China executives said Thursday they are confident that the company’s capital commitment of up to US$4.5 billion into Macau over the next 10 years, most of which will be for non-gaming attractions, can generate positive returns. The commitment, which guarantees...

    IAG names The Parisian Macao as venue for 2020 Asian Gaming Power 50 Gala Dinner

    Analysts upgrade Las Vegas Sands on positive Macau, Singapore performance

    by Ben Blaschke
    Fri 27 Jan 2023 at 06:44

    Analysts have upgraded their estimates for Las Vegas Sands (LVS) after the company reported strong recovery indicators during this week’s 4Q22 results release and earnings call. The improved sentiment was largely driven by the reopening of Macau’s borders on 8...

    We’re Back!

    Skycity names former Tabcorp CEO David Attenborough as non-executive director

    by Newsdesk
    Fri 27 Jan 2023 at 06:40

    New Zealand’s Skycity Entertainment Group has announced its intention to appoint former Tabcorp Managing Director and CEO David Attenborough as a non-executive director, pending regulatory approvals. In a Friday morning filing, Skycity said Attenborough would join the Board of Directors...

    Live-stream specialist nanocosmos to celebrate 25th anniversary at ICE London

    Live-stream specialist nanocosmos to celebrate 25th anniversary at ICE London

    by Newsdesk
    Fri 27 Jan 2023 at 06:36

    Live-streaming technology specialist nanocosmos will kick off its 25th anniversary celebrations at ICE London 2023, presenting refined features for real-time streaming. Since joining ICE for the first time in 2018, the company’s unique live video streaming platform nanoStream Cloud has...


    IAG

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • SUBSCRIBE FREE
    • NEWSFEED
    • MAG ARTICLES
    • VIDEO
    • OPINION
    • TAGS
    • REGIONAL
    • EVENTS
    • CONSULTING
    • CONTRIBUTORS
    • MAGAZINES
    • ABOUT
    • CONTACT
    • ADVERTISE

    No Result
    View All Result
    • Subscribe
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
    • Events
    • Contributors
    • Consulting
    • Magazines
    • Advertise
    • Contact
    • About

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.