Jeju Dream Tower casino revenue falls 45.1% in September despite record visits

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.

Casino visitation reached a monthly record of 66,393 in September, up 12.4% year-on-year and above the previous high of 63,192 set in May. Table hold fell to 10.8%, its lowest level since December 2023, against a 20.0% average over the preceding 12 months.

Table drop, the amount customers paid to buy chips for table games, was KRW237.82bn ($175m), down 10.5% year-on-year and 19.0% from August. Table-game net revenue fell 49.6% year-on-year to KRW25.78bn ($19m), accounting for most of the overall casino revenue decline. Machine revenue rose 80.6% to KRW3.31bn ($2.43m), which was not enough to offset the weaker table-game result.

On the company's monthly figures, third-quarter casino net revenue was KRW127.34bn ($93.7m), down 13.4% from the previous quarter. Table drop rose 17.4% over the same period, while casino visitation totalled 188,147.

For the first nine months of 2026, casino net revenue was 17.7% above the previous year at KRW393.08bn ($289.2m). Table drop over the same period rose 10.1% to KRW1.96tn ($1.44bn).

Hotel revenue on a consolidated basis fell 8.7% year-on-year and 27.9% month-on-month to KRW6.33bn ($4.66m) in September. The nine-month total was 9.6% higher than a year earlier.