Lotte Tour Development Co. Ltd, the operator of Jeju Dream Tower, has released its latest financial results, highlighting revenue growth in 2024 compared to the previous year.
For the month of September 2024, the casino reported revenues of KRW129.4 billion ($97.9 million), up 24.7 percent from KRW103.8 billion ($78.5 million) in the same month of last year.
For the first nine months of 2024, Lotte Tour experienced a cumulative revenue of KRW805.7 billion ($609.9 million), a 5 percent increase compared to the same period in 2023.
In September 2024, the company reported hotel revenue of KRW6.8 billion ($5.15 million), reflecting a 31.3 percent decline from KRW9.9 billion ($7.48 million) in August 2024 and a 13.9 percent drop compared to KRW7.9 billion ($5.98 million) in September 2023.
Casino revenue for the month was KRW28.4 billion ($21.53 million), which is down 13.7 percent from KRW32.9 billion ($24.92 million) in August but shows a remarkable increase of 98.4 percent from KRW14.3 billion ($10.83 million) in September 2023.
Within this total, table games generated KRW27.1 billion ($20.53 million), an 8.6 percent decrease from KRW29.7 billion ($22.45 million) in August, while marking a year-on-year increase of 106.6 percent from KRW13.1 billion ($9.92 million).
Machine games contributed KRW1.2 billion ($908,000), down 60.8 percent from KRW3.2 billion ($2.42 million) in August but up 6.7 percent from KRW1.1 billion ($833,000) in September 2023.