South Korea’s Lotte Dream Tower Casino-Resort Achieves Record-Breaking March Sales

(AsiaGameHub) –   Lotte Tour Development, which operates the Jeju Dream Tower integrated casino-resort, has recorded March sales exceeding the 50 billion won ($33 million) threshold for the first time in its history.

According to South Korean newspaper Chosun Ilbo, the company stated that strong performance in the casino segment drove improved earnings.

Last March, the firm generated casino and hotel revenues of 52.6 billion won—nearly $35 million.

This marks a 15% increase compared to February’s figures and a 22% rise over March 2025 revenues.

March is traditionally regarded as the off-peak season in South Korea, coming right after the Lunar New Year holiday period wraps up.

This usually leads to a slowdown in visitor numbers from East Asian countries like China and Japan, resulting in lower casino footfall.

“Last year, our monthly sales only hit the 50 billion won range in May,” a Lotte Tour Development spokesperson said. “But this year, we’ve reached that milestone two months earlier. This is blurring the line between peak and off-peak seasons.”

Casino revenue rose by 24% month-on-month in March, which also represented an approximately 25% increase over the casino’s March 2025 figures.

Dream Tower Casino: Record-breaking March

Dream Tower Casino’s table drop figures also climbed 25% month-on-month, while visitor numbers increased by 22% from February to reach 53,587.

Hotel room occupancy rates rose to more than 73%.

In its recently released annual earnings report, Lotte Tour Development revealed it had ended a four-year streak of financial losses, with casino footfall up 62% compared to FY2025.

The company also posted an all-time revenue high of $433 million, a year-on-year increase of nearly 39%.

However, this positive news failed to impact the company’s share price. Over the past month, South Korean casino operators’ share prices have been in freefall amid a market slowdown.

Lotte Tour Development’s share prices are down more than 17% over the past five days.

Share Prices Sliding

Rivals like Paradise (operator of the Incheon-based Paradise City casino-resort) have also seen their share prices slip. Paradise’s shares are down 12% over the same period, while Kangwon Land’s share prices have fallen by almost 7%.

The Dream Tower casino opened in 2020 in Jeju, a popular destination for Chinese tourists.

The subtropical island province now hosts eight casinos that cater exclusively to foreign passport holders.

However, police report that gambling-related crime is spiking on the island. Detectives say illegal currency exchanges are popping up around casino hotspots.

Police also arrested several Chinese individuals following what they described as a “riot” at a Jeju casino in September.

A brawl involving around 50 people broke out after a Chinese casino patron accused a dealer of rigging a table game.

Several casino employees were also involved in the fracas, police officials said. Many Chinese gamblers stated they had instinctively rushed to the aid of their fellow countrymen.