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

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.

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 integrated resort operator Shin Hwa World announced on Monday that it plans to issue bonds valued at $25.7 million to raise long-term funds for its business development.

South Korean integrated resort operator Shin Hwa World has managed to reduce its loss for the first half of the year by nearly 32 percent, largely based upon an increase in its gaming revenue from Jeju Shinhwa World.

South Korean integrated resort operator Shin Hwa World has informed shareholders and potential investors that it is expecting to see a decrease in its net loss for 1H24 of between 20 percent and 35 percent, compared to the same period in 2023.

Shin Hwa World expects to raise $33.1 million in net proceeds from its new rights issue. The company plans to use the funds to enhance its core business and support growth.

Hong Kong-listed casino developer Shin Hwa World announced that its capital reorganization will take effect on Monday, June 17th, following approval by shareholders at a special general meeting held on June 13th.