MACAU BUSINESS By Tony Lai
By Paolo A. Azevedo
Jeju – the new Singapore
M 18 OCTOBER 2017 A 18 JUNE 2023
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
The major casino gaming industry trade show, G2E Asia, is coming back to Singapore again, with the special edition on May 30-June 1 expected to attract 20 per cent more visitors and serve as a platform for stakeholders to discuss the latest updates and trends in the Asian gaming industry.
a landmark. M. B. – The group [Lotte] has created other landmarks in different types of business. Why would this be different? L. T. – Yes, Lotte Group has already created
downtown Seoul and Lotte Super Tower. We’re trying
fter three years of stagnation caused by the COVID-19 pandemic, economic and trade activities in the region have gradually resumed in full swing over the lifting of travel restrictions. A major casino industry trade show and conference,
Global Gaming Expo Asia (G2E Asia), is now returning with two shows: “G2E Asia Special Edition: Singapore” in the island state from May 30 to June 1, followed by the “Asian IR Expo +
G2E Asia 2023” in Macau from July 11 to 13. It is not the first time for G2E Asia to take place at Marina
Bay Sands in Singapore, following its debut last year. “G2E Asia 2022 Special Edition: Singapore welcomed nearly 5,000 visitors, reuniting the Asian gaming community in-person for the first time since 2019,” Reed Exhibitions tells Macau Business, which is an organiser of the G2E Asia trade shows alongside the American Gaming Association.
Back with a Wham!
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
want to achieve with this Integrated Resort (IR)? L. T. – Number one EBIDTA on IR in Korea. There’s
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