Jay Lee Resigns Post as Landing COO

Landing International COO Jay Lee recently left the Hong Kong-listed company after less than two years in the role. Lee resigned in January, shortly after resigning as CEO of Landing Jeju Development.

Landing International Chief Operating Officer Jay Lee stepped down from his post at the Hong Kong-listed operator in January, according to his LinkedIn profile, reported Asia Gaming Brief. The month before, Lee exited his post as CEO of Landing Jeju Development Co. following four years in the post.

Landing Jeju is the developer of Jeju Shinhwa World, a $1.8 billion, 2.5 million square-meter (27 million-square-foot) integrated resort on the South Korean island of Jeju. The company has not commented on his departure, AGB reported.

Lee was formerly an executive with Genting. Prior to joining Landing International, he worked for a decade at Genting Singapore Plc and held several management roles at Resorts World Sentosa in Singapore.

In February, Landing signaled that it expects to report a loss for 2018, adding that its operating expenditures had increased with to the rollout of facilities at Jeju Shinhwa World, reported GGRAsia.

Last summer, Landing shares tumbled after the disappearance of Chairman Yang Zhihui, who all but vanished in late August amid reports that he had been detained by Chinese police. In late November, he emerged from hiding and “resumed his duties” at the firm; Landing said he had been “assisting a relevant department of the People’s Republic of China with an investigation during the period of his absence”