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The dream of a casino is to open Dream Tower Casino in May

Lotte Tourism Development's 40-year long-cherished project, Jeju Dream Tower Complex Resort, will finally bear fruit as a complete group.


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Lotte Tourism Development's 40-year long-cherished project, Jeju Dream Tower Complex Resort, will finally bear fruit as a complete group.

Jeju Governor Won Hee-ryong decided to conditionally grant permission for "application for permission to change the location and area of the LT casino business site."

After the completion of the Dream Tower in November last year, the Grand Hyatt Hotel opened first in December, allowing the casino to operate as a whole after about half a year of waiting 우리카지노.

According to Lotte Tourism Development on the 9th, the company aims to expand and relocate "LT Casino" to Jeju Dream Tower Complex Resort and reopen it in May. It is expected to reopen after going through related procedures such as inspection of casino equipment and approval of CCTV processing.

With this permit, Lotte Tourism Development achieved its dream of becoming a casino complex resort 40 years after purchasing the Dream Tower site in 1980.

Through the revision of the articles of association in 2014, Lotte Tourism Development added the casino business for business purposes and recruited a former vice president of City of Dream, the world's largest complex resort, as a casino COO to prepare to enter the casino industry.

In August 2018, it was Parada at Jungmun Tourist Complex in Seogwipo City.It acquired the right to operate Isu Jeju Lotte Casino for 14.9 billion won. The company also changed its name to LT Casino.

Last year, the headquarters was also relocated to Jeju Island for early settlement of the Dream Tower Complex Resort.

The casino, which will be relocated to the Dream Tower, will operate 148 game tables, 190 slot machines, and 71 electronic table games on a scale of 5367.67㎡, 4.5 times larger than the existing casino in Lotte Hotel Jeju (1,175.85㎡.

The investment industry predicts that it could change the landscape of the domestic casino industry for foreigners, given that it will be operated as the first urban complex resort in Korea 우리카지노.

Jeju Dream Tower is the casino with the largest number of rooms in Korea in the casino industry, said Lee Ki-hoon, an analyst at Hana Financial Investment. "If it is operating normally since COVID-19, sales of Dream Tower Casino are expected to be 600 to 800 billion won."

However, due to the current COVID-19 situation, it is difficult to bring in VIPs from China and Japan, so it is a parada for foreigners (locals) staying in Korea.It has to compete with existing companies such as IS and GKL.

Lotte Tourism Development Chairman Kim Ki-byung said, "We will do our best to establish ourselves as a key tourist attraction leading the domestic tourism industry by creating 3,100 new high-end jobs and paying about 50 billion won in Jeju Tourism Promotion Fund annually."




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