Lotte Tour Development has announced it will be opening the casino at its Jeju Dream Tower resort this Friday.
While construction of Jeju Dream Tower was forty years in the making, the addition of the casino was a relatively recent scheme.
It was only in 2018 that Lotte Tour Development took over the small LT Casino in Seogwipo city with ambitions of transferring it to a much larger space within the tower.
Named Jeju Dream Tower Casino, the new casino has a gaming floor area of 5,367 square meters, making it the third largest casino in the country.
It will have 141 table games, 190 slot machines and 71 electronic table games (ETG).
Lawrence Teo, chief operating officer (COO) of Jeju Dream Tower, said, “The domestic casino market is generating 30 to 40 billion won in sales per month, mainly foreigners living in Korea, even when the [entry] of overseas tourists is restricted.” We are receiving inquiries from prospective customers who want to enjoy a new level of casino experience in Jeju.”
Macau Health Bureau director Alvis Long said that the government would “consider” imposing quarantine requirements for arrivals from Guangdong, but felt that China’s pandemic prevention efforts would be enough to contain the current spike.
Macau and Singapore should see the same type of pent-up demand currently being observed in the U.S. casino market when international travel is allowed to resume, according to Las Vegas Sands executives.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.