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Jeju Dream Tower
Approval for the opening of the LT casino at the much larger premises of the Jeju Dream Tower has been granted by a plenary session of the Jeju Provincial Council on a majority vote. Police investigations of the possible manipulation of public opinion surveys are ongoing. The final decision rests with the governor.
Lotte Tour Development is eagerly awaiting official permission to open the Jeju Dream Tower casino, something which will likely boost revenues considerably. However, the licensing process has been proceeding more slowly than anticipated. Originally thought likely to open in March, rearguard opposition from some civic groups could delay the matter past the end of April.
Lotte Tour Development, operator of the newly opened Jeju Dream Tower, has reported net operating loss of KRW78.8 billion (US$70.1 million) for the full year 2020, representing a sharp deterioration in financial performance.
At the end of this week, Lotte Tour Development will hold the grand opening for the Jeju Dream Tower, an ambitious project, forty years in the making, upon which the firm is expected to either rise or fall.
Lotte Tour Development has announced that its flagship Jeju Dream Tower, a KRW1.6 trillion (US$1.4 billion) project, is now completely financed.
It’s one step backward and one step forward for South Korea’s gaming industry this week or, in another framing, bad news in the north and good news in the south.
When anyone mentions online gaming in Asia, one country used to come to mind as the primary target – China.
Lotte Tour Development shareholders gave their consent on Monday for the company, established in 1971, to move its headquarters from Seoul to the soon-to-be...
South Korean civil society organizations are crying foul after it was revealed that the second-largest investor in Lotte Tour Development, soon expected to open...
The major economic organizations of Jeju have welcomed the fact that Lotte Tour Development’s plan to move its local casino to the Jeju Dream...
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