On June 1, Lotte Tour Development announced that the Jeju Dream Tower Complex Resort achieved total sales of 64.96 billion won from its casino (net revenue) and hotel (separate basis) sectors in May.
This figure represents a 16.1% increase compared to 55.95 billion won during the same period last year. It also reflects a 2.1% rise from April's sales of 63.60 billion won, making it the best performance of the year. This is the first time May sales have exceeded 60 billion won, ranking as the third highest monthly sales ever.
Breaking down the figures, the casino sector (Dream Tower Casino) showed significant growth. The casino's net revenue (total revenue minus agent commissions) reached 49.42 billion won, a 19.5% increase from 41.30 billion won in the same month last year.
The number of visitors surged to 63,192, up 23.4% from 51,207 a year earlier. This marks the first time monthly visitor numbers have surpassed 60,000 since the casino's opening. The table drop amount also increased to 207.57 billion won, a 6.9% rise from last year's 194.19 billion won. The hold rate for tables was recorded at 22.6%, nearing the average of 25.1% for nine major integrated resorts in Macau's Cotai region during the first quarter of this year.
The hotel sector (Grand Hyatt Jeju) also continued its stable upward trend. Hotel sales for May reached 15.54 billion won, a 6.5% increase from 14.59 billion won in the same month last year, and a 6.0% rise from April's 14.66 billion won. A total of 43,318 rooms were sold, resulting in an occupancy rate of 87.3%. The food and beverage sector also saw sales of 3.72 billion won, an 8.5% increase from the previous month's 3.43 billion won.
Earlier, Lotte Tour Development reported that its operating profit for the first quarter of this year more than doubled compared to the previous year, achieving the highest results in its history. Sales increased by 28.1% year-on-year, surpassing 150 billion won for the first time in the first quarter. Operating profit surged by 121%, significantly exceeding the figures from the same period last year.
Profitability indicators also showed substantial improvement. The operating profit margin, which was 8.3% in the first quarter of 2024 and 10.7% in 2025, rose sharply to 18.4% this year. The net loss for the period also decreased significantly from 23.7 billion won last year to 7.5 billion won this year.
A representative from Lotte Tour Development stated, "Despite geopolitical instability in the Middle East and high oil prices, we achieved record levels in both performance and visitor numbers for May. Given that May's results have already surpassed the peak season records of July and August last year, we anticipate an earnings surprise beyond expectations this year."
* This article has been translated by AI.
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