Jan 16, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  
The official opening of the revamped casino at Hyatt Regency Jeju Hotel (pictured), in South Korea, will be held on January 18, Hong Kong-listed Landing International Development Ltd said in a filing.
Landing International, a mainland Chinese property developer, controls the resort but the casino is owned by Grand Express Korea Co Ltd, a 50-50 joint venture with Genting Hong Kong Ltd, a subsidiary of Malaysian conglomerate Genting Bhd.
Genting Hong Kong invested KRW130 billion (US$117 million) in the Hyatt Regency Jeju project.
The foreigners-only casino at Hyatt Regency Jeju Hotel will be operated under the name ‘Genting Jeju’. The venue has 26 baccarat tables, one blackjack table, one tai sai table (a dice game known in Macau as sic bo), one roulette table and 16 slot machines, Landing International said in Thursday’s filing.
“The board considers that the grand opening of the Jeju Casino opens a new phase of the group’s presence and participation in the Korean casino industry,” the firm said.
Landing International has two other casino investments in South Korea. Last month, the property developer said it would acquire the Alpensia casino at Holiday Inn Resort in Pyeongchang for HKD868.7 million (US$112 million). The deal is expected to close next month.
Landing International is also linking with Genting Singapore Plc, another unit of the Genting Group, to build a US$2.2 billion casino resort on South Korea’s Jeju Island, expected to break ground by the second quarter of 2015.
Aug 04, 2022
Aug 03, 2022
Aug 05, 2022
Aug 05, 2022
Aug 05, 2022
A global shortage of computing microchips is currently the biggest challenge for gaming machine manufacturers, says businessman Jay Chun (pictured in a file photo), president of the Macau Gaming...
(Click here for more)
US$57.4 million
Revenue produced by Konami Holdings' gaming and systems division – including casino equipment – in the three months to June 30