Jeju’s Dream Tower casino resort operator said Thursday that its earnings before interest, taxation, depreciation and amortization (EBITDA) posted its first positive monthly profit in December since the casino opened in June
Real estate EBITDA of 1.48 billion won ($1.23 million) in December at the Seoul metropolitan venue in Jeju, a holiday destination, Lotte Tour Development Co., Ltd. said in a press release.
This month’s gaming revenue came in at 8.13 billion won, the highest monthly tally since the property’s launch.
The total sales of casinos, hotels, and shopping malls, the three business units of Jeju Dream Tower, were about W20 billion in December. The Grand Hyatt announced that the hotel sales through Jeju-branded accommodation alone reached a monthly record of W11.5 billion.
The resort’s total operating profit for the month was close to 730 million won.
Lotte Tourism Development opened a new phase of Grand Hyatt Jeju Island on Nov. 29.
The hotel has a total of 1,552 rooms and all suites.
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