A new integrated resort could give Genting Singapore’s Resorts World Jeju a run for its money.

Lotte Tour Development Co. announced on Monday that its privately-held affiliate, Dongwha Investment and Development Co., had injected its Dream Tower integrated resort project into Lotte in exchange for 5.7 million shares valued at $85 million in total.

Grant Govertsen, analyst at Union Gaming Securities Asia Limited, said the Dream Tower project will be the second large-scale foreigners-only casino development, with the first being Resorts World Jeju.

Dream Tower is expected to open in the second half of 2018, right behind Resorts World Jeju, whose first phase is set to open in 2017.