Low hold rates saw Lotte Tour’s Jeju Dream Tower suffer a 13.4% month-on-month decline in casino sales to KRW35.8 billion (US$26.4 million) in June, but data published by parent company Lotte Tour shows it was in fact the resort’s best performance since opening in 2021.
June saw total casino drop of KRW241.7 billion (US$178 million) across both tables and machines, up from the previous record of KRW216.3 billion (US$160 million) set a month earlier in May, while casino visitors also set a new all-time high of 51,515.
This echoes a similar trend at fellow foreigner-only casino operator Paradise Co which has enjoyed strong run of month-on-month growth through the first half of 2025 – highlighting a remarkable reversal in fortunes for Korea’s casino industry post-COVID.
Jeju Dream Tower could have enjoyed an even better June had it not been for table games win rate falling to 15.7% from 20.3% in May and slot win rate to 6.4% from 8.9%.
June’s casino sales were, however, still 88.1% higher than the same month in 2024.
For the first half of 2025, Jeju Dream Tower has seen casino revenues jump by 42.5% year-on-year to KRW194.6 billion (US$144 million), including a 43.6% rise in table games revenue to KRW184.7 billion (US$136 million).
Hotel revenue is down 9.8% to KRW36.0 billion (US$26.6 million).
Jeju Dream Tower is the tallest building in Jeju at 38 floors or 169 meters high and features a retail mall, 14 restaurants and bars, an outdoor pool deck, top floor skydeck with lounge, two spas and a casino boasting 150 tables and 300 slot machines.
The casino was relocated from its former home at the smaller Lotte Hotel Jeju in June 2021 and covers more than 5,000 square meters, offering 141 gaming tables, 190 slot machines and 71 electronic table games.
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