A Korean financial group expects lower third-quarter earnings at Lotte Tour Development’s Jeju Dream Tower casino, according to a report. The analyst also sees scope for further growth at the property.
The earnings outlook may inform investor assessments of Lotte Tour Development’s casino business.
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Jeju Dream Tower's casino net revenue fell 45.1% year-on-year in September to KRW29.09bn ($21.4m), even as casino visits hit a monthly record of 66,393. Operator Lotte Tour Development said table hold dropped to 10.8%, its lowest since December 2023, and table-game net revenue fell 49.6% to KRW25.78bn ($19m).
Jeju Dream Tower's casino net revenue fell 45.1% year-on-year in September to KRW29.09bn ($21.4m), operator Lotte Tour Development reported in a filing dated 1 October. The figure was also 37.7% lower than in August.
It was reported that Lotte Tour Development generated KRW51.59bn in July casino sales at Jeju Dream Tower. The figure was its highest monthly result of the year.
Shinhan Investment & Securities expects Paradise’s second-quarter 2026 revenue to exceed $213 million, with operating profit rising 18% to more than $29 million, according to the report. It also forecasts Lotte Tour Development revenue of $131 million, while analysts cited expect Grand Korea Leisure to benefit from increased Chinese visitors.
It was reported that SK Securities expected proposed South Korean casino reforms to have limited impact on Lotte Tour Development. The company operates the foreigner-only casino at Jeju Dream Tower.
It was reported that South Korea plans to increase casino operators’ payments to the state tourism fund. Paradise shares fell more than 23% over five days following the proposal.