Great Leap Forward for Landing

Sat, Sep 26, 2015

Developer Landing International of Mainland China says its acquisition of a South Korean casino will “establish its own branding and presence in the gaming industry worldwide.”

Partners with Genting on second project

Mainland China real estate developer Landing International, which owns half of the holding company that runs a casino at the Hyatt Regency Jeju Hotel, will acquire the remaining equity from Genting Hong Kong Ltd. for KRW130 billion (US$111.1 million), GGRAsia reports.

The Jeju casino will serve as a “platform” for the group to “build up its own brand name and goodwill in the gaming industry, and to develop its own professional team in casino operation and management,” Landing International said in a filing to the Hong Kong Stock Exchange. The deadline for the completion of the transaction is December 31.

Landing said it may expand its gaming enterprise “in other suitable markets and broaden its market share in the gaming industry.” It has partnered with Genting Singapore for a new casino project, also on Jeju, that broke ground in February.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.