Jeju Dream Tower casino sales jump 93.3% y-on-y in 2024

Jeju Dream Tower has released its interim business performance figures for December 2024, revealing a notable decline in casino revenues compared to the previous month, but a significant increase compared to the same period last year.

According to the consolidated financial statements, the casino generated KRW23.5 billion ($16.01 million) in revenue for December, a decrease of 9.5 percent from November's revenue of KRW26 billion ($17.74 million).
However, this figure reflects a significant 64.6 percent increase compared to December 2023, when revenues were KRW14.3 billion ($9.75 million).
The data comes from a filing by Lotte Tour Development, the operator of Jeju Dream Tower, with the Korea Stock Exchange.
Breaking down the casino revenue further, table games accounted for KRW22.1 billion ($15.08 million) in revenue, down 10.9 percent from the previous month but up 66.3 percent year-on-year.
In contrast, machine gaming revenue rose by 18.5 percent from the previous month to KRW1.4 billion ($954,000), showing a 41.9 percent increase compared to the same month last year.
Hotel revenues also saw a decline, totaling KRW5.4 billion ($3.68 million) in December, down 2.7 percent from November and down 22.3 percent year-on-year from KRW6.9 billion ($4.71 million).
For the cumulative performance of 2024, the casino reported total revenues of KRW294.6 billion ($200.83 million), marking a substantial 93.3 percent increase from the KRW152.4 billion ($103.12 million) recorded in 2023.
Table game revenue for the year reached KRW276.4 billion ($188.41 million), up 100.2 percent from the previous year, while machine gaming revenue increased by 27.1 percent to KRW18.1 billion ($12.34 million).
Conversely, hotel revenues for the year totaled KRW84.5 billion ($57.67 million), a 7.8 percent decrease from KRW91.7 billion ($62.43 million) in 2023.

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_2024-12-20

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