• 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

Jeju gaming regulator says monitoring Landing

Sep 04, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Jeju gaming regulator says monitoring Landing

An official from the regulator of casinos on the South Korean holiday island of Jeju has told GGRAsia that the body is “monitoring” the situation regarding Hong Kong-listed casino developer Landing International Development Ltd and the operation of the latter’s Jeju casino resort Jeju Shinhwa World (pictured) as conducted by a subsidiary.

The casino developer has been in in the news internationally after it told the Hong Kong bourse on August 23 it had been “unable to contact or reach” its chairman, mainland Chinese businessman Yang Zhihui, that day. It has given no public update on Mr Yang’s whereabouts since then.

In an emailed statement to GGRAsia, a representative from Jeju Casino Regulatory Division said that the unit had “no special actions planned” regarding Landing International and its local unit at the moment. The regulatory body did not give further details regarding its monitoring brief.

Landing International announced to the Hong Kong bourse on Friday the appointment of two new executive directors with effect from September 1.

One of them was Xu Ning, described in the filing as the spouse of Mr Yang. The latter is deemed to be interested in just over 1.48 billion shares of Landing International. Such shares are beneficially held by a company wholly-owned by Mr Yang and represent approximately 50.48 percent of the issued share capital of Landing International.

Ms Xu, who had served before in the firm as an executive director between October 2, 2013 and June 17, 2016, will be entitled to a director’s fee of HKD4.8 million (US$611,496) per annum under the current directorship.

The other newly-appointed executive director is Chan Mee Sze, who was most recently an executive director to Hong Kong-listed asset management firm OCI International Holdings Ltd.

In February Landing International opened a foreigner-only casino at its Jeju Shinhwa World resort on Jeju. The gaming business boosted the firm’s first half profit this year, which jumped 478 percent year-on-year to HKD280.6 million. The firm has also posted gross gaming revenue of HKD2.41 billion for the interim period, compared to HKD174.5 million a year earlier.

The firm was to pursue the opening of a self-branded hotel at the Jeju casino resort complex under the moniker Shinhwa Resort within this year. By 2020, it also aims to open a Four Seasons Resort and Spa, and a theme park called Lionsgate Movie World, according to the firm’s previous statements.


  • tweet
Related articles
  • Shinhwa World to add condos, villas amid recovery: exec
    Shinhwa World to add condos, villas...

    May 26, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

  • Marina Bay Sands to hire up to 2,000 workers: firm
    Marina Bay Sands to hire up to 2,000...

    May 26, 2022  


Latest News

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
Shinhwa World to add condos, villas amid recovery: exec

Shinhwa World to add condos, villas amid recovery: exec

May 26, 2022  

Marina Bay Sands to hire up to 2,000 workers: firm

Marina Bay Sands to hire up to 2,000 workers: firm

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Macau op debt to hit US$25bln unless travel eased 2H: MSMacau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022
  • Outbound group tours still paused: China immigrationOutbound group tours still paused: China immigration May 24, 2022
  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us