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South Korea casino resort operator Landing International Development Ltd said its net loss for full-year 2020 was approximately HKD2.12 billion (US$272.0 million), slightly narrowed from the net loss at HKD2.13 billion in 2019, according to its annual results filed on Thursday. Hong Kong-listed Landing International developed and operates the Jeju Shinhwa World resort (pictured in a file photo) and its foreigner-only gaming facility, Landing Casino, on the South Korean island of Jeju. The parent firm also develops property. The firm said the slightly-narrowed annual loss was thanks to factors including cutting operating expenses and “employee-benefit expenses”. The firm’s consolidated revenue for 2020 was HKD788.01 million, a year-on-year decline of 3.4 percent, linked to fewer visitors to Landing Casino amid the Covid-19 pandemic, and lower property sales. ....
GGRAsia – Casino operator Landing Intl has US$272mln loss in 2020 ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.