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Lotte Tourism Development plans to acquire a stake in the Jeju Lotte Paradise Jeju Lotte Hotel casino for 15 billion won and to repay 28.4 billion won at the Jeju Lotte Casino.
With this, Lotte Tourism Development was able to win a full-fledged casino activity, which was a long-standing goal. Lotte Tourism Development has already amended its Statutes in 2014 and added the activity of casinos for commercial purposes.
Lotte Tourism Development has taken over the skilled professional workforce of Paradise Jeju Lotte Casino and uses the casino's computer system as it is. He inherited the operational know-how of the Paradise group. This is the best choice for the tourism development of Lotte, which enters the casino sector.
Since its inception in 1971, Lotte Tourism Development has been striving to attract foreign tourists.
The Paradise Group operates five foreign casinos only in Seoul Walkerhill, Incheon Paradise City, Busan Paradise Hotel, Jeju House Grad Hotel and Jeju Lotte Hotel. Paradise Jeju Lotte Hotel is located in the Jungmun Complex, where Lotte Casino is located. It attracts every year many foreign tourists with an exotic atmosphere that mingles with the nature of Jeju Island.
On the other hand, Lotte Tourism Development is located in Jeongju-dong, Myeongdong, Jeollanam-do, which is the highest peak of Jeju Island (38 floors, 169 meters), the highest large (30,737 square meters in total) Dream Tower Complex Resort is jointly developed with Ludi Group, the largest real estate developer in China, with a ratio of 59 to 41. The building is 1.8 times larger than the Yeouido 63 Building . In this project, Chinese Construction, the largest construction company in the world, participates as an entrepreneur based on the commitment to badume its responsibilities.
Grand Hyatt, a brand of world-renowned luxury hotels, will operate 1,600 guest rooms with suites, 11 restaurants and bars, hotel facilities, an 8-story pool and a 38-story Sky Deck.
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