• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino op Landing flags lower 1H loss, revenue down 25pct

Aug 18, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Casino op Landing flags lower 1H loss, revenue down 25pct

Casino operator Landing International Development Ltd expects to record a “slight” year-on-year decrease in consolidated net loss for the first six months of 2020. That is despite the firm forecasting consolidated revenue for the period to have declined by about 25 percent, it said in a profit warning filed on Monday.

Hong Kong-listed Landing International stated that the reduced net loss for the first six months of 2020 was related to an “increase in net revenue” from its gaming business, a “decrease in operating expenses” and a decline in finance costs related to lease liabilities due to termination of some leases in 2019.

The firm’s first-half 2019 net loss stood at nearly HKD835.6 million (US$106.5 million). The company said at the time the lacklustre performance was linked to a decline in gaming revenue at its foreigner-only casino resort Jeju Shinhwa World (pictured) on South Korea’s Jeju Island.

Landing International stated in its latest profit warning that the decrease in expected consolidated revenue for the first half of 2020 “was mainly due to the outbreak of Covid-19”, which had led to a decrease in the number of visitors to the group’s properties and a reduction in overall sales.

The company stated in a separate Monday filing that its board was scheduled to meet on August 28 to approve the firm’s results for the first six months of 2020.

Landing International announced on Friday the appointment of Hong Kong legislator Abraham Shek Lai Him as an independent non-executive director of the company.


  • tweet
Related articles
  • Jeju still studying online gaming for its casinos: govt
    Jeju still studying online gaming for...

    Jun 24, 2022  

  • Macau shuts leisure sites amid Covid, casinos can still run
    Macau shuts leisure sites amid Covid,...

    Jun 23, 2022  

More news
  • Maybe new Macau mass Covid test, community spread still
    Maybe new Macau mass Covid test,...

    Jun 24, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  


Latest News

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

It is likely that Macau will shortly have a third round of citywide centre-based Covid-19 testing in little more than a week, after the results so far of a second mass test – that was due to finish...
Read More
Blackstone clinches US$6.15bln takeover of Crown Resorts

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022  

Jeju still studying online gaming for its casinos: govt

Jeju still studying online gaming for its casinos: govt

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Maybe new Macau mass Covid test, community spread stillMaybe new Macau mass Covid test, community spread still June 24, 2022
  • Blackstone clinches US$6.15bln takeover of Crown ResortsBlackstone clinches US$6.15bln takeover of Crown Resorts June 24, 2022
  • Alvin Chau, Suncity trial set for September 2: courtAlvin Chau, Suncity trial set for September 2: court June 20, 2022
  • Jeju still studying online gaming for its casinos: govtJeju still studying online gaming for its casinos: govt June 24, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us