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Jeju Dream Tower scheduled to open December 2020

Content Team November 24, 2020

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Jeju Dream Tower scheduled to open December 2020

The newly scheduled date comes as Lotte Tour Development Co Ltd’s Jeju Dream Tower is still undergoing preparations

Lotte?Tour Development Co Ltd?has?announced its?new US$1.42 billion?casino resort,?Jeju?Dream Tower –?a new resort due to have a foreigner-only casino and which is located downtown in the capital of the South Korean holiday island of?Jeju?–??has been scheduled to open?on 18 December.?

Lotte?Tour Development Co?Ltd’s?spokesperson said the casino will open at a later stage, as ?preparations for its launch are still ongoing.?

?Lotte?Tour ‘s?chief operating officer and executive vice president,?Lawrence?Teo,?told?GGRAsia in early October, that the group was aiming for a “full opening” of the project ?“before the end of this year”.?

?The construction of the?Jeju?Dream?Tower – takes pride?of place as the tallest building in?Jeju?at 38 floors or 169 meters high?–?began in May Jeju Dream Tower2016, and?will feature a retail mall, 14 restaurants and bars, an outdoor pool deck, top floor?sky deck?with lounge, two spas and, eventually, a foreigner-only casino.?

In August, the local authorities approved Jeju?Dream Tower’s?“social impact”?assessment?that?analyses?the effect the project’s gaming venue would have on the host community.??

?According to the local gaming regulator, the Casino Policy Division, the?“social impact”?check?is legally required in cases where an existing?Jeju?casino operator wishes to expand, by more than two times,?its gaming-operation capacity.?

According to previous information from the promoter,?Lotte?Tour plans?to?move?its current foreigner-only casino from the?Lotte?Hotel?Jeju?to?Jeju?Dream Tower, with?pending completion of a Casino Impact Study Assessment and approval form local authorities.

The new location will see an expansion of the current gaming space by adding a considerable amount to the current space, around five times more than 5,000 square meters with 150 tables and 300 machines.

Additionally according?to the promoter,?Grand Hyatt?Jeju?features?1,600 all-suite rooms and?also offers 14 restaurants and bars, and “world-class hotel amenities and recreational facilities.’

Sources: Asgam , GGRASIA

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