Landing International Development Limited (the “Company”) (582.HK) is limited company incorporated in the Cayman Islands and is mainly engages in development and operation of the integrated resort, casino and real estate development business carried under a casino license. Currently the business mainly covers Jeju Special Self-Governing Province of South Korea.In 14 August 2013, the Company and Jeju Free International City Development Center (the JDC) entered into the Memorandum of Agreement to invest in a land of approximately 2.5 million square meters located in the site of the Myth-History Park in Andeog-myeon Seogwang-ril in Jeju, Korea, and is planning to develop a world-class gaming and integrated resort with hotel, gaming facility and residence. In order to more effectively promote the project development and introduce world-class brand and development experience, the company with join force with Genting Singapore Group, a world-class gaming and resort operator, to develop the project in Jeju. This signified that the Company is now heading toward a road of development focusing on integrated leisure resorts and tourism properties in international and global markets. The partnership with Genting Singapore Group will greatly boost the development of the Jeju project and tap into more development opportunities for the Company in the international markets. The Company believes that upon completion, the Jeju project will become the largest five-star leisure resort in Northeast Asia. As a new option for global tourists for leisure and sightseeing, the project will further expand the Company’s investment portfolios and improve its profitability and development potentials.In June 2014, the Group has completed the acquisition of a casino in Hyatt Regency Jeju Hotel and the project company has become the Group’s wholly–owned subsidiary in October 2015. The casino was then renamed as “Landing Casino”. Located in the five-star Hyatt Regency Jeju Hotel, the Landing Casino is pursuant to one of the eight gaming licenses in Jeju under the Tourism Promotion Act. The Landing Casino currently has 26 Baccarat tables, 1 Blackjack table, 1 Tai Sai table, 1 Roulette table and 16 slot machines.
South Korean police say they believe they have located the bulk of the KRW14.56 billion ($13.3 million) missing from the Jeju Shinhwa World casino are are seeking three suspects.
South Korean police have discovered cash worth KRW8.1 billion ($7.4 million) at a resort on Jeju island and are trying to determine whether it is linked to a cash pile of KRW14.56 billion that went missing from Landing International's casino at Jeju Shinhwa World last week.
It may not precisely be Ocean’s Eleven, but the theft from the casino at Landing International Development’s Jeju Shinhwa World has nevertheless captured the imagination of both the Korean domestic and the international news media.
Landing International has asked the police to track down a female Malaysian employee in charge of cash that went missing from its Jeju island casino, saying she hasn't come to work after leaving for vacation at the end of last year.
Landing International Development has issued a release informing investors that one of its employees in Jeju, South Korea, has disappeared, along with the KRW14.6 billion (US$13.4 million) that he or she was in charge of.
Yang Zhihui, chairman of Hong Kong-listed casino operator Landing International Development, is under investigation from the China Securities Regulatory Commission, according to a company filing. The investigation does not relate to Landing, but rather another company in which Yang is involved.
Landing International Development Limited announced to the Hong Kong Stock Exchange on Wednesday that two of its directors will be resigning. The two in question, Bao Jinqiao and Mr. Li Mingfa, have served as independent non-executive directors and members of the audit committee, the nomination committee, and the remuneration committee. The reason given for their […]
Landing International Development posted a wider loss for 2019 and said it’s seeking to raise $137.1 million ($17.6 million) through a placing of shares to support general working capital for its operations on Jeju Island, South Korea.
Landing International Development has issued a profit warning to shareholders through the Hong Kong Stock Exchange warning that the firm’s full year 2019 results are going to be grim. “The board of directors of the company,” the note said, “wishes to inform shareholders of the company and potential investors that based on the information currently […]
In a series of filings to the Hong Kong Stock Exchange on Wednesday, Landing International announced changes in the composition of its board and the move of the company headquarters to a new address. Wang Yuying, who served as the chair of the board’s audit committee resigned as an independent non-executive director. Moreover, Bao Jinqiao […]
Landing International Development said its Chairman Yang Zhihui has filed a writ against two individuals who claim they are acting as receivers for a 50.48 percent stake in parent company, Landing International Ltd.
Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed that more than half of the company’s shares have been claimed by two parties appointed as joint receivers of the shares. The dispute comes after Landing’s board received disclosure of two […]
Landing International, which has been planning a $1.5 billion casino in Manila, has been served a letter from Nayong Pilipino Foundation declaring its previous land lease deal as void. According to a filing from Landing on Sunday, the original lease, dated 15 March 2018, was declared by “void ab initio” by the Office of the […]
Landing International Development swung to a loss in the first half due to an 80 percent drop in gaming revenue.
Landing International has announced the appointment of three independent non-executive directors, effective Friday, 23 August. The appointments include Ms. Wang Yuying, who has been appointed as an independent non-executive director, chairman of the audit committee, and member of the nomination committee and remuneration committee. Ms. Wang, aged 48, obtained a bachelor’s degree in economics with […]
Landing International has informed its shareholders that it expects to record a net loss for the six months ended June 30, due in part to a decrease in gaming revenue. Landing is a developer and operator of an iconic world-class integrated leisure and entertainment resort, offering various facilities, including casinos, luxurious hotels, exhibition centers, theme […]
Landing International Development says it has become recently aware of an HK blockchain company that has created a website purporting itself as being linked to Landing International and Jeju Shinhwa World. Landing International said that the company, named HK Shenhua World Blockchain Tech Development Limited, which is offering what it calls a Shinwa Token and […]
Landing International Development reported a widened loss of HK$701.5 million (US$89.4 million) in 2018, mainly attributable to discontinued operations, increased expenses and depreciation charges at Jeju Shinhwa World, and the absence of a reversal of impairment of trade and other receivables which were seen in 2017. Last year, Landing International completed the disposal of the […]
Landing International Development shares recovered some ground on Wednesday after an almost 30 percent plunge the prior day.
The Department of Justice has recommended the cancellation of the Nayong Pilipino-Landing lease contract, after conducting its review over the legality of the deal, local media reports. On Friday, presidential spokesman Harry Roque, quoting Justice Secretary Menardo Guevarra said that the lease contract between NPF and Landing was “void from the start”. “According to the […]
Landing International chairman Yang Zhihui has reportedly been detained at an airport in Cambodia, according to reports from Chinese media. In a report from Caixin Global on Friday, citing Chinese media outlets, Yang was reportedly detained on Thursday on his way to visit a local casino in Cambodia. On Thursday, Landing International announced that is […]
Landing International, the company behind the new proposed family-centric IR in Manila, says construction work for its new IR has not yet begun, despite reports from a local media outlet. On Monday, a local outlet reported that earthmoving had begun on Landing’s 9.6-hectare parcel of land in Entertainment City, which includes the use of “bulldozers, backhoes, […]
The Philippines Justice Minister has ordered a review of the lease agreement for Landing’s $1.5 billion casino project but has stressed that it does not mean the project was dead, local media reports. “The removal of all the members of the Nayong Pilipino board, by itself alone, does not affect the implementation of the project,” […]
Philippine President Rodrigo Duterte announced he was firing the entire board of Landing International’s local partner, just as the two parties broke ground on a $1.5 billion theme park in Entertainment City.
Landing’s relocation of its Landing Casino to Jeju Shinhwa World has paid off, with the company reporting a 360 percent increase in revenue for the six months ended June 30, 2018. The group’s consolidated revenue reached HK$1.8 billion (US$222.9 million), driven mainly by gaming revenue, which reached HK$1.4 billion in the first half of the […]
Construction at Lotte Tour Development's Jeju Dream Tower is making significant progress, while the overall South Korean market is trending higher after a political spat between Beijing and Seoul hit revenue at foreigner-only casinos last year.
Landing International, the company with plans to develop an IR in the Philippines, will be only be allowed to open its casino after it commences operations of its theme park. Earlier this week, Landing announced it had received a provisional IR license from Pagcor to develop the integrated resort. The conditions were listed in a […]
Hong Kong-listed Landing International Development said it has obtained a provisional gaming license to develop a $1.5 billion IR in the City of Paranaque in the Philippines.
Hong Kong-listed Landing International said it was reducing the number of shares in issue by consolidating every 50 existing shares into one in an effort to boost its share price and improve its ability to use equity to raise finance.
Landing International Development Limited has announced it has been granted approval from the city council for a new integrated resort in the City of Parañaque, Philippines. The company had been eyeing a multi-million dollar theme park in the Philippines since September 2017. At the time, Landing International Development chairman and executive director Yang Zhihui, met […]
Hong Kong-listed property developer, Landing International Development, said it plans to build an integrated leisure and entertainment resort in Paranaque City in the Philippines. The company, which owns and operates the recently opened Jeju Shinhwa World IR in South Korea, said it has agreed to lease a 9.5-hectare parcel of land. It is now seeking […]
Hong Kong-listed property developer Landing International said it has received permission to relocate its casino on Jeju Island in South Korea to its new integrated resort and the facility will open on Feb. 25. Jeju’s government gave the company permission to increase its gaming floor area to about 5,500 square meters, about seven times the […]
Landing International has been forced to delay the transfer of its casino on Jeju island to its new IR complex after protests from local residents, the Korea Times reports. The foreigner-only casino had been scheduled to move from the Hyatt Regency Jeju to Jeju Shinhwa World this month, but has failed to win approval for […]
Hong Kong-listed Landing International Development Ltd has announced it has successfully placed 24 billion shares on Thursday, raising around HK$1.8 billion (US$230.3 million). In a filing to the Hong Kong Stock Exchange on Friday, Landing said it intends to apply the net proceeds from the placing for the development of Jeju Shinhwa World and to […]
Hong Kong-listed Landing International Development Ltd says it is disposing its equity interest in Les Ambassadeurs Club, a luxury casino located in London. On a Thursday filing, Landing said it agreed to sell its entire interest in Jolly Champion Holding Ltd, which owns the entire equity interest in Les Ambassadeurs Club, for an aggregate consideration […]
Chinese property developer Landing International Development is looking to build a multi-billion dollar theme park in the Philippines, said the company in a statement. On Monday, Landing International Development chairman and executive director Yang Zhihui, met with President Rodrigo Duterte and his cabinet team where they discussed the company’s proposal to build an international branded […]
Landing International Development Ltd says it is now expecting to record a net profit for the six months ended June 30, 2017, compared to a net loss in the prior year period. Earlier this month, Landing International told investors it was expected to record a narrowed net loss for the interim period. According to a […]
Hong Kong-listed Landing International Development has announced an agreement with LionsGate Entertainment to develop a theme park at Jeju Shinhwa World integrated resort. The theme park, named Lionsgate Movie World, will be Lionsgate’s first branded outdoor theme park, which will be built exclusively around world famous movies. The theme park will span 122,000 sqm, and […]
Landing International Ltd., owned by Yang Zhihui on Wednesday acquired an additional 5.26 percent stake in Landing International Development, increasing its stake to 51.41 percent. Under Hong Kong’s Takeover Code, Landing International is required to make a mandatory unconditional cash offer for all issued shares not already owned. Thus, Landing International on Thursday announced it […]
Hong Kong listed Landing International Development Limited says it is no longer pursuing the potential acquisition of a company engaged in gaming business in the Philippines. The announcement, first made on May 4, 2017, stated that Landing International had “entered into a non-legally binding term sheet with a potential vendor for the acquisition of a […]
Casino investor Landing International Development Ltd. is proposing to implement a ‘capital reorganization’, which will entail a capital reduction as well as a subdivision of the unissued share capital of the company. According to the company’s filing to the Hong Kong Stock Exchange on Monday, the capital reduction will involve the reduction of the issued […]
Hong Kong-listed Landing International Development Ltd has warned investors it expects to record an increase in net loss for the year ended December 31, 2016. The increase in loss, according to a filing from the company, is attributed to a change in fair value of financial assets at fair value through profit or loss; an […]
Landing International Development said its casino in the Hyatt Regency on South Korea’s Jeju Island has ranked first in the 2016 anti-money laundering assessment of 17 of the country’s casinos. The AML assessment was carried out by the Korea Financial Intelligence Unit. It’s the second year Landing Jeju has topped the ranking. “I’m proud that […]
Hong Kong-listed Landing International Development Ltd says its first half loss widened in part due to increased employee expenses and operating expenses. Landing International, which owns and operates the Jeju Casino in South Korea, as well as the Les Ambassadeurs Club in UK, reported a loss of HK$662.6 million ($85.5 million) in 16H1, compared to […]
Integrated resort developer Landing International Development Ltd, which operates the Jeju Casino in Korea, reported revenue from its casino business at HK$17.4 million (US$2.2 million) for the year ended Dec. 31, 2015, a 18.5 percent decrease from 2014, according to a recent filing to the Hong Kong Stock Exchange. Landing said its segment loss increased […]
“I hate gambling. I do not want it. “There will be no casinos outside of what are existing. I am not granting anything.”
Hong Kong-listed Landing International Development opened its Shinhwa World theme park at the end of September, as IR projects for the honeymoon island forge ahead despite the uncertainty caused by a diplomatic spat with China and tensions with the North. Arrivals from the mainland have slumped and while operators may be confident they can pull in tourists from elsewhere, they may find it harder to fill casinos.