S.Korea casino op Lotte tour cuts annual loss to $153 million

Lotte Tourism Development Co., the operator of Jeju’s Dream Tower Casino Resort (pictured) located on Jeju Island, posted an annual net loss of 203.55 billion won ($152.7 million) in 2023, according to a Thursday filing with the Korea Exchange.

This represents a 9.4% year-on-year increase from a net loss of 224.71 billion won in 2022.

Lotte Tour’s annual revenue rose 70.7% to nearly 313.55 billion won in 2023.

In January, annual casino sales at foreign-only casinos in Jeju Dream Tower rose 248.7% year-on-year to 152.3 billion won in 2023.

Lotte Tour said in a recent filing to the stock exchange that its operating loss in 2023 was slightly below 60.6 billion won, a 49.0% improvement over 2022.

Nevertheless, Lotte Tour’s total debt stood at nearly 1.70 trillion won in 2023, up 8.2 percent from a year earlier.

BY: 메이저 토토사이트

Related Posts

A diligent player plays for OH

“I think it’s sincere and efficient.” The foreign player who will be with Samsung Fire & Marine Insurance in the upcoming season is Slovenian striker Mattei Kok (registered…

IPG Signatures For Asia-Pacific Distribution Contracts Novomatic

Austria-based gaming equipment maker and operator Novomatic Group said it has signed a distribution agreement with Australia-based Ino Pacific Gaming (IPG). The latter company will distribute Novomatic’s full…

Atlanta’s 3% chance of winning the No. 1 pick in 49 years

The Atlanta Hawks have won the No. 1 pick for the first time in 49 years. Atlanta secured the first overall pick in the 2024 NBA Rookie Draft…

Heo Hoon and Heo Jae’s dignity are summoned again

Storytelling is the most important factor in professional sports that grows with the love of fans. It plays a role as a medium that can dramatically amplify interest…

Japanese Investors Join Diamond Fortune Casino Plan

Russia-based Diamond Fortune Holdings Prim LLC said it had “coordinated” its casino project for the integrated entertainment zone (IEZ) in Prim, Prim, near Vladivostok, after welcoming new Japanese…

Ex-Vietnam Partner Pays Silver Heritage US$5.25 Million

Australian-listed gaming operator Silver Heritage Group will receive $5.25 million in compensation from its former business partner in Vietnam after suspending all casinos at Phoenix International Club (pictured)…

Leave a Reply

Your email address will not be published. Required fields are marked *