• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Jeju Shinhwa casino GGR US$83mln in stub first quarter

Apr 26, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Jeju Shinhwa casino GGR US$83mln in stub first quarter

Jeju Shinhwa World’s casino, which opened at the South Korean resort on February 25, managed to generate gross gaming revenue (GGR) of HKD650 million (US$82.8 million) in its first – stub – quarter of operation.

The venue’s rolling chip turnover from VIP gambling business totalled HKD16.2 billion between February 25 and March 31, said the property’s promoter, Landing International Development Ltd, on Wednesday in voluntary and unaudited selected highlights of its first-quarter business.

The group said that total non-gaming revenue from Jeju Shinhwa World, described as its “flagship integrated leisure and entertainment resort” on Jeju island, South Korea, was approximately HKD320 million for the reporting period.

Some non-gaming elements of the resort opened in stages, beginning in April 2017 with a serviced apartment complex called Somerset Jeju Shinhwa World.

Landing International said in its Wednesday filing that following the opening of the first phase of Jeju Shinhwa World, the group had “taken steps to ramp up its sales and marketing efforts”.

It added this included “cooperation agreements with various travel agencies and online travel agencies in various key markets including mainland China, the Hong Kong, Macau and Taiwan regions, Japan and Southeast Asia to leverage on their respective network to promote and market the resort to their customers”.

The group said that as of the announcement date, it employed approximately 1,950 employees.

The other presently-operating facilities at Jeju Shinhwa World – currently providing approximately 1,400 guest rooms according to Wednesday’s filing – include: the luxury hotels Jeju Shinhwa World Landing Resort, Jeju Shinhwa World Marriott Resort and Somerset Jeju Shinhwa World; Landing Convention Centre; a K-pop themed zone called “YG Republique”; Shinhwa Theme Park, which opened at the end of September; and a shopping area branded as “Shinhwa Shoppes”.

An outdoor entertainment zone called “Shinhwa Water Park” is due to open at the resort in the summer, along with 538 self-branded hotel rooms under the moniker Jeju Shinhwa World Shinhwa Resort. By the year 2020, the group aims to open a Four Seasons Resort and Spa, with about 200 guest rooms, and a theme park called Lionsgate Movie World.


  • tweet
Related articles
  • Landing asks police to track down employee: reports
    Landing asks police to track down...

    Jan 08, 2021  

  • Landing probing disappearance of US$13.4mln in Jeju
    Landing probing disappearance of...

    Jan 06, 2021  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Police find US$11m of missed Landing cash, suspects soughtPolice find US$11m of missed Landing cash, suspects sought January 14, 2021
  • Still Asia focus for LVS post chairman death: BernsteinStill Asia focus for LVS post chairman death: Bernstein January 14, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us