In September, Jeju Dream Tower casino resort in South Korea experienced a 20.0% month-on-month decline in casino sales, totaling KRW 14.33 billion (US$10.6 million), as reported to the Korea Exchange. This followed a 10.9% drop in August sales compared to July.
Despite the monthly drop, September's year-on-year gaming-business sales showed remarkable growth of 336.1%. These figures are reported after deducting rebates and commissions.
Table-game sales in September reached nearly KRW 13.15 billion, down 17.4% from August but up 358.3% from the previous year when the Covid-19 pandemic still impacted tourism on the island. Machine-game sales for the month stood at approximately KRW 1.19 billion, down 40.8% sequentially but up 183.8% from the previous year.
The September casino table "drop," the amount customers spent on purchasing chips for table games, was about KRW 103.76 billion, marking a 21.8% sequential decrease but a 67.7% increase compared to the previous year.
Jeju Dream Tower reported 28,165 casino visitors in September, only a 1.9% decline from August when it achieved a record of 28,718 casino visitors since its opening in June 2021, according to data from the resort's operator, Lotte Tour Development Co Ltd.
Hotel sales for September amounted to approximately KRW 7.91 billion, down 24.9% sequentially and 7.5% year-on-year, as indicated in the Tuesday filing. The filing did not provide specific reasons for these fluctuations.
For the first nine months of the year, the casino achieved total sales of nearly KRW 100.36 billion, up 186.5% from the previous year. Table-game sales were KRW 90.22 billion for the same period, a 187.0% year-on-year increase, while machine-game sales rose by 182.7% to nearly KRW 10.14 billion. The cumulative casino table drop for the first nine months of the year amounted to KRW 888.16 billion, up 180.0% from the previous year.
Hotel sales in the January to September period stood at approximately KRW 69.27 billion, representing a 23.2% decline from the same period the previous year.
Wow, intriguing! Looks like Jeju Dream Tower's casino had a rollercoaster September, huh? A 20% drop in sales from August might raise eyebrows, but that remarkable 336.1% year-on-year growth is ha?! The bounce-back is real post-pandemic. It's impressive how they're clawing back despite the monthly decline. And those visitor numbers, nearly steady! Exciting to see how they navigate this landscape moving forward! 🎰🙂
Thank you for sharing this information, We can see that there is some fluctuations happen in sales of the Jeju Dream Tower casino resort but still show's impressive year-on year growth in its gaming business. It may be beneficial for the resort to analyze the factors that contributed to the decline in casino and hotel sales in the month of September and it can consider an appropriate measures to maintain a positive growth direction. 😍