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MACAU BUSINESS By Christopher Cottrell in Bangkok By Paolo A. Azevedo Rolling the ‘soft ‘dice


Jeju – the new Singapore


Melco and Thailand Creative Cultural Agency (THACCA) launched ‘Global Soft Power Talks’. The Thai-sized elephant in the room: the legalisation of gambling—and the billions of dollars at stake in a sunrise industry.


M 40 APRIL 2025


acau Business – From Lotte World, a major recreational complex [with the world’s largest indoor theme park, in Seoul] to an integrated resort with casino in Jeju. A different beast. A


natural evolution? Lawrence Teo – Business is the same. But building


a landmark. M. B. – The group [Lotte] has created other landmarks in different types of business. Why would this be different?


Jeju will be as big as Singapore in terms of Gross Gaming Revenue, predicts Lawrence Teo. The Chief Operations Officer and Vice President of Dream Tower, the tallest Integrated Resort under construction on the Korean destination island, explains to Macau Business why Lotte Tour decided to enter the casino business and create a landmark. All bets are on making the casino resort the crown of the tourism jewel the company has been dominating for four decades


to do the Dream Tower in Jeju. Lotte here is being just a family company; we’re a different company [Lotte Tour]. It’s not going to be [just] the tallest and the largest building in Jeju, that’s just the hardware. We say that a landmark should be the most visited destination, where tourists will go to eat, shop and maybe [visit] our observation deck. A must-visit point destination. Because of the hardware, and also the software.


M. B. – What are the main goals that you definitely


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