The operating unit behind Jeju Dream Tower has announced plans to pay a cash dividend of nearly US$19 per share to its parent company Lotte Tour Development, highlighting improving financial performance at one of South Korea’s largest integrated resorts.
The proposed dividend underscores growing confidence in the resort’s operational momentum as tourism demand returns to Jeju Island, a major international travel destination.
Macau’s government collected approximately MOP$94.9 billion (US$11.8 billion) in gaming tax revenue in 2025, underscoring once again how central the casino industry remains to the city’s economy. Despite ongoing efforts to diversify its economic base, gaming taxes continue to dominate Macau’s fiscal structure.
The figure represents a 7.6% year-on-year increase, reflecting steady recovery in the casino sector after the pandemic years and sustained demand from visitors across Asia.
Melco Resorts & Entertainment has appointed Jing Boran as the global brand ambassador for its flagship integrated resort City of Dreams, marking a new phase in the property’s global branding strategy.
The announcement was made as part of the launch of City of Dreams’ new brand chapter, “Be a Dreamer”, reflecting a repositioning that blends luxury hospitality with art, culture and innovation.
South Korea’s luxury integrated resort landscape continues to evolve with the official opening of Hyatt Regency Incheon Paradise City, expanding the resort’s total hotel capacity to 1,270 guestrooms.
The new property strengthens the position of Paradise City, operated by Paradise Co Ltd, as one of the country’s most prominent integrated entertainment destinations.
Located near Incheon International Airport, the resort targets international travelers, high-end tourists and premium gaming visitors.
Paradise Entertainment Limited reported profit of HKD139 million (around US$17.8 million) for FY2025, reflecting a significant decline compared with the previous year as operational changes in Macau’s gaming landscape affected both casino operations and equipment sales.
Two main factors contributed to the drop: the closure of Kam Pek Casino and weaker demand for the company’s Live Multi-Game (LMG) electronic gaming terminals.
Author: Janice Chew • Thursday, 12/03/2026
