Operator Admits revised opening date for Jeju Fantasy Tower

At South Korea, the firm behind the under-construction Jeju Dream Tower integrated casino hotel has reportedly announced that it is now hoping to have completed all work on the coming $606.6 million development by the end of 2019.

Extended deadline:

According to a report by GGRAsia, the revelation from Lotte Tour Development Company Limited comes following August saw the Seoul-headquartered firm clarify that it planned to begin welcoming guests to the facility on the island of Jeju in October of this year.

Core duty:

However, Lawrence Teo, Vice-President and Chief Operating Officer for Lotte Tour Development Company Limited, reportedly told GGRAsia that this earlier deadline has now been extended by a further 3 months and that his firm will be accountable for 59 percent of the finished land ’s facilities.

Grand Hyatt branding:

Due to be the tallest building on the island of Jeju when finished, Jeju Dream Tower has been modeled on similar integrated casino hotels in Macau while Lotte detailed in August of 2017 that it had chosen American resort operator Hyatt Hotels Corporation to run every one of the coming 38-story center ’s 750 rooms below the Grand Hyatt brand.

Casino complement:

Being developed in partnership with Chinese property firm Greenland Group, Jeju Dream Tower would be to sit a 75-acre parcel of land situated less than two miles from the International Airport and will moreover feature eleven bars and restaurants, retail facilities along with an observation deck alongside a 98,166 sq ft foreigner-only casino offering approximately 420 slots alongside a few 190 gaming tables.