Mainland China genuine estate firm Landing International Development Ltd is seeking at the probability of shifting its gaming facility at present working out of a hotel in South Korea's Jeju Island to its below-improvement integrated resort property on the island.
The company's foreigner-only Landing Casino venue has been functioning out of Hyatt Regency Jeju Hotel given that its opening in 2014. In a recent filing made with Hong Kong Stock Exchange, the company said that it might pick to transfer the casino to its upcoming home Jeju Shinhwa Planet.
Landing Entertainment Korea

In a statement, Landing Worldwide stated
It is acknowledged that [a] casino is a single of the most essential services inside of an integrated resort to complement greater offerings to its guests with a full hospitality encounter and in buy to leverage and employ existing casino operation sources within the group's company as a whole, the group is exploring the chance of relocating Landing Casino to Jeju Shinhwa Globe
The home not too long ago had a soft opening for a 344-unit serviced condominium named Somerset Jeju Shinhwa Globe. Further amenities like a luxury hotel, eating places and purchasing facilities are being developed.
Jeju Island is a well-liked location for Chinese travelers, especially mass market place gamblers. In an earlier statement, Landing had highlighted that consumers of nowadays wished far more than just gambling possibilities. They have been seeking for a total knowledge involving shopping, dining and gambling, which can be supplied only by means of an integrated resort.
With regards to the building standing of Jeju Shinhwa World, the company explained that the facility will be opened progressively starting rom the fourth quarter of 2017, with the entirety of the venture finishing by 2019. The filing also referred to the just lately announced proposal to construct a family theme park inside Jeju Shinhwa Globe. The company has entered into an agreement with the Hollywood studio Lions Gate Enjoyment Inc to build an unique amusement park.
The organization mentioned that the theme park will supply 20 diverse rides and sights spanning 7 zones featuring myths and legends across the planet as effectively as a water park.
Building is very likely to begin in 2018 and the facility might could end up opening by 2019. In accordance to newest benefits, income at Landing Casino was down by 24.8 percent on a yr-on-year basis to about HKD174.5 million ($22.three million) for the six months ending June 30.
Profit for the group's general gaming business segment for the exact same period was around HKD45.27 million, as compared to HKD82.08 million for same period last yr.