Lotte Tour to cut deficits and pay cash dividend

The company’s performance has improved thanks to robust results at Jeju Dream Tower.

South Korea.- The foreigner-only casino operator Lotte Tour Development has announced plans to convert KRW590.7bn (US$398.8m) of its KRW680.9bn (US$459.7m) capital surplus, including share premium and legal reserves, into retained earnings to cover accumulated deficits. Its deficit would be trimmed from KRW1.2242trn to about KRW522.5bn (US$395m).

The operator made the disclosure in a regulatory filing on Thursday, March 12, as it moves to improve its corporate standing. A large portion of the deficits were incurred during the development of the KRW1.6trn (US$1.08bn) Jeju Dream Tower integrated resort. Net losses from 2021 to 2024 amounted to KRW744.4bn (US$503.3m), while finance costs from borrowings averaged about KRW100bn (US$67.6m) per year.

The company’s performance improved in 2025, supported by robust results at Jeju Dream Tower. LT Entertainment, its wholly owned subsidiary managing the property, reported revenue of KRW476.7bn (US$360.3m), up 61.8 per cent, and operating profit of KRW174.2bn (US$131.5m), up 128.6 per cent. Consolidated revenue was up 38.6 per cent to KRW653.4bn (US$494.0m), operating profit rose 267.4 per cent to KRW143.3bn (US$108.3m), and net profit returned to positive territory at KRW27.6bn (US$20.9m).

Based on 2025 earnings, the company will distribute a cash dividend of KRW110.94bn (US$74.9m) through LT Entertainment. Each share will receive KRW27,735 (US$18.72), payable from retained earnings. Shareholders listed on the record as of December 31, 2025, will be eligible.

The company will present the proposal for shareholder approval at the subsidiary’s annual general meeting (AGM) on March 25.

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The company’s performance has improved thanks to robust results at Jeju Dream Tower. South Korea.- The foreigner-only casino operator Lotte Tour Development has announced plans to convert KRW590.7bn (US$398.8m) of its KRW680.9bn (US$459.7m) capital surplus, including share premium and legal reserves, into retained earnings to cover accumulated deficits. Its deficit would be trimmed from KRW1.2242trn…