The US$1.42 billion resort is the tallest building in Jeju standing at 169m high and features a foreigner-only casino
Lotte Tour Development Co Ltd’s US$1.42 billion casino resort, Jeju Dream Tower – a new resort due to have a foreigner-only casino and located downtown in the capital of the South Korean holiday island of Jeju – officially opens its doors to the public.
According to Yonhap news agency, the authorities in Jeju City said that they had issued a tourism accommodation business registration certificate to Jeju Dream Tower’s Grand Hyatt hotel, permitting the property to open to the public on Friday (December 18) as scheduled.
Lotte Tour Chairman and co-CEO, Ki-Byung Kim, said “With this completion, Dream Tower’s long-standing dream of becoming the No.1 local company in jobs can be realised,”
The Jeju Dream Tower – in which construction began in May 2016 – takes pride as the tallest building in Jeju at 38 floors or 169 meters’ high.
The property features 1,600 all-suite rooms, a retail mall, 14 restaurants and bars, an outdoor pool deck, top floor sky deck with lounge, two spas.
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.’
The local government said “it anticipated the facility would have a positive economic multiplier effect and help expand the local job market.”
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SiGMA Group is excited to announce the launch of its newly revamped website. The website is currently available in 6 languages, English, Russian, French, Mandarin, Portuguese, and Spanish with plans to add another 4 languages over the coming months – namely Thai, Korean, Japanese, and Hindi.