Jeju Dream Tower Casino Resort in Jeju Island deducted rebates and fees, and game sales in the first quarter were 16.36 billion won ($12.2 million), up 89.0% from the previous quarter and 33.1% from 12.29 billion won from the same period last year.
Lotte Tourism Development, the resort operator, released an update on the 28th. Jeju Dream Tower has a foreigner-only casino 경마사이트프로 .
Rolling chip trading volume in the casino sector rose 12.7% on-quarter to 207.1 billion won from 183.8 billion won in the first quarter of 2022, compared with 105.3 billion won in the first quarter of 2022, the company added.
The casino sector recorded an operating loss of 2.17 billion won, a net loss of 2.19 billion won, and a depreciation ratio of 2.99 billion won in the first quarter of 2022, an operating loss of 1.01 billion won, and a depreciation ratio of 2.84 billion won.
Real estate’s operating loss in the first quarter was about 33.4 billion won, with interest, taxation, depreciation and amortization net income (EBITDA) reaching about 11.9 billion won, compared with about 35.7 billion won in the fourth quarter and about 14.3 billion won in the fourth quarter.
Operating losses in the first quarter of 2022 were about 27.2 billion won and EBITDA was positive at 7.3 billion won.
In the first three months of this year, the number of visitors to the venue was 32,700, down 7.6% from the fourth quarter of last year (35,400), but up 128.7% from the same period last year (14,300) from the first quarter of 2022.
Lotte Tourism Development Co., Ltd. posted net sales of 43.68 billion won in 2022, up 107.7% from about 21.03 billion won in 2021.