Jeju Dream Tower saw its highest casino sales so far this year in May, topping KRW49.2 billion (US$32.7 million), representing a 19.5% year-on-year increase and up 1% from the previous month.
The figure beat out April’s result as the fourth-highest of all time, falling just shy of the all-time record of KRW52.9 billion (US$35.8 million) in casino sales registered in September of last year.
According to information shared by the operator, Lotte Tour Development Co Ltd on Monday, total table game sales hit KRW47.0 billion (US$31.2 million), rising by 19.3% year-on-year but up just 1% compared to April. Machine sales were up 23.5% year-on-year and 3.7% month-on-month, reaching KRW2.43 billion (US$1.61 million).
Casino table drop for the month of May totaled KRW207.6 billion (US$138 million), up by 6.9% year-on-year and 1.1% month-on-month. Machine drop totaled KRW49.2 billion (US$32.6 million), up 122% versus the same period last year and 52.2% sequentially.
The casino benefited from increased foot traffic during the month, with 63,192 visitors – up from 58,534 in April and 51,207 in May of last year.
For the first five months of the year, casino sales at Jeju Dream Tower reached KRW216.9 billion (US$143.9 million), up by 36.7% year-on-year, with table game sales up 37.4% to KRW206.4 billion (US$137 million).
Analysts from SK Securities last week noted that Jeju Dream Tower had entered a “structural transformation of its fundamental nature,” after reaching its first full-year profit last year, expecting the property to benefit from an increase in foreign visitors.
Jeju Dream Tower is the tallest building in Jeju and offers 141 gaming tables, 190 slot machines and 71 electronic table games.
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