Asian gamblers are heading to the subtropical South Korean island province of Jeju en masse, with a top casino operator raking in record-breaking quarterly profits.
Share prices in Lotte Tour Development soared by over 7% on May 14 after the operator announced all-time-high quarterly operating profits of almost $105 million. This marks a year-on-year 2.5x increase in profits for the company. The surge in visitors to Jeju is attributed to the island's popularity among tourists and gamblers alike, contributing significantly to the casino operator's financial success.
