Lotte Tourism Development achieves second-highest net sales ever at its Cheju Island casino = South Korea

South Korea's Lotte Tourism Development announced on the 1st that Dream Tower Casino, a foreigner-only casino on Cheju Island that it owns and operates, reported net sales (gross sales minus agent fees, etc.) in October.
The company announced that it achieved 19,813 million won (approximately 2.2 billion yen) in total. This is an increase of 38.3% from September, and is the second highest level after the highest value recorded in July of this year (20.09 billion won).
It was. The table drop amount (the amount that casino customers exchanged for chips) was 143.4 billion won, far exceeding the previous high (132.75 billion won in August this year).
It was. Before direct overseas flights resumed (June 2021 to May 2022), the monthly average was 26.3 billion won, but since May of this year, it has exceeded 100 billion won.
The number of casino users exceeded 30,000 (30,582) for the first time since the casino opened in June 2021. The previous record was 28,718 in August of this year.
Ta. A company official said, ``In the case of Dream Tower Casino, we own and operate not only the casino, but also the hotel and all the ancillary facilities.As a result, even with the same performance, a large portion of net sales is spent on comp expenses (
"We have a structure that has much better profitability than other casinos where you have to pay separately for complementary services (customer services that include complimentary hotel accommodations, food and drinks, etc.)."
Along with the casino, the hotel sector also recorded sales of 12,401 million won (individual basis), an increase of 15.8% compared to September of this year (10,702 million won), and since May this year.
The company maintained sales of 10 billion won for six consecutive months. In terms of rooms sold, October recorded 35,614 rooms, a sharp increase of 3,018 rooms compared to September of this year (32,596 rooms). This is outside
This appears to have been affected by the increase in the number of Japanese guests. Due to the expansion of Cheju Island's direct overseas routes, the ratio of foreign guests staying at only 11% in October last year continued to 32% in March this year, and in October
It increased to 61%. Lotte Tourism Development is also focusing on attracting group tourists from China. According to the Korean travel industry, from November on Hebei and Fuzhou (twice a week) and from December on Guangzhou (more than twice a week).
(4 times a week), and other major Chinese cities such as Chongqing, Qingdao, Changsha, and Wuhan are also scheduled to be opened.