Lotte Tour Development Company Limited has taken an enormous step towards having the ability to supply Casino Gambling. They are offering casino gambling at the new Jeju Dream Tower Development on the South Korean island of Jeju. The Standing Committee of the Jeju Provincial Council has approved the relocation.
After getting the signature of Governor Won Hee-ryong, the relocation will have to get clearance from the plenary session of the council.
Culture, Tourism, and Sports Committee of the Jeju Provincial confirm that the application is in light of the employment regulations. This includes 80% of hiring for citizens and 80% of the young people.
The key benefits of relocation are:
- Increasing current slots from 51 to 300 and also gaming tables from five to 150 tables. The gaming floor would cover an area of 98,166 sq ft.
- Thirty-Eight levels two towers are now the tallest buildings in Jeju. Their height is 169 meters and comprising 1626 rooms. The 75-acre facility has a casino only for foreigners on the second floor.
The Chairman and CEO for Lotter Tour, Ki-Byung Kim said
” With the help of firm agreement between Greenland Group, I expect the Jeju Dream Tower integrated resort to become a major tourist destination on Jeju Island. Greenland Group is China’s largest property developer and co-developer of this project. China State Construction Engineering Corporation is the prime contractor. They will provide an unconditional, complete guarantee, and Grand Hyatt as a hotel operator. This project will create three thousand jobs including hotel management and casino salespeople and will contribute tens of billions of Korea won to the Jeju Tourism Promotion Fund every year”
Lotte Tour COO Lawrence Teo, who was once in charge of Melco Entertainment’s VIP-focused Altira Macau, stated: “We know what tourists needs. We want to be the Marina Bay Sands of Jeju”.