Landing Group posted a 45.1 percent increase in revenue on increased domestic demand, narrowing Jeju Shinhwa World’s casino loss for 2H2022.

Landing International, the company behind Jeju Shinhwa World in South Korea’s Jeju Island has reported a significant boost in revenue for the year ended December 31, 2021, due mainly to non-gaming revenues spurred by domestic consumption at Jeju Shinhwa World.

The operator of the Jeju Shinhwa World casino said it's no longer offering voluntary retirement, or asking staff to take unpaid leave and has instead agreed to work to stabilize relations between staff and management.

Jeju Trade Unions on Tuesday reportedly held a press conference in front of the Jeju Provincial Office urging the Shinhwa World Casino to stop the mass layoff of its casino workers.

Landing International, the operator fo the Jeju Shinhwa World integrated resort in South Korea, has reported a strong uptick in its non-gaming segment during the first half of the year, but says that the “performance of gaming business remained sluggish during the period”.

The Korean media reports that much of the board-level leadership of Jeju Shinhwa World has recently been changed, though the company denies that this has any connection with the recent major theft of funds.

In its increasingly bitter dispute with the local labor union, Landing International has refuted claims by union leaders that it puts the health of workers at risk, noting that it complies with all labor laws and that a smoking ban inside the casino is now taking effect.

The management Jeju Shinhwa World is locked in an increasingly bitter dispute with its employee labor union over allegedly deteriorating worker conditions and interference in protected labor union activities.

South Korean gaming operator Shin Hwa World has announced its plan to issue 845.25 million new shares, aiming to generate approximately HK$28.5 million ($3.6 million) in net proceeds.

The Asian Poker Tour, sponsored by Natural8, is pleased to announce its second festival of the year, with the APT Jeju 2024 taking place at the luxurious Jeju Shinhwa Resort from April 26th to May 5th.