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Top News In ஹாங் தரையிறக்கம் சர்வதேச வளர்ச்சி லிமிடெட் Today - Breaking & Trending Today

GGRAsia – Jeju casino backer Landing raising US$18mln via new shares


Hong Kong-listed Landing International Development Ltd, promoter of a foreigner-only casino and resort (pictured) on Jeju Island in South Korea, is to raise HKD138.8 million (US$17.9 million), or HKD138.5 million after expenses, via subscription shares, for a combination of capital expenditure on existing facilities at Jeju Shinhwa World, and toward the cost of a new hotel there.
The firm says the move is in anticipation of recovery in tourism later this year, with the easing of the worst effects of the Covid-19 pandemic.
Following the deal, Landing International Ltd, a private firm that is parent to Landing International Development, and is controlled by businessman Yang Zhihui, will have its interest in the latter firm diluted by 7.01 percentage points, to 35.06 percent. Mr Yang is also chairman of the Hong Kong-listed public business. ....

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GGRAsia – Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts


Only two out of eight foreigner-only casinos on the South Korean holiday island of Jeju are currently operating, according to Thursday telephone enquiries by GGRAsia. As of mid-December, four out of eight Jeju casinos had been running.
The latest one to undergo a temporary closure – of undetermined length – is Gongzi Jeju Casino (pictured in a file photo). It has been shut indefinitely since April 10, according to telephone calls made by GGRAsia to the venue, and to the Jeju local government.
The reason for the latest venue to suspend functions was “business deterioration” due to the Covid-19 pandemic. The suspension was “temporary, but with no time limit”, said the Jeju government official. ....

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Woman Hunted After $13 Million Vanishes From Korean Casino


Woman Hunted After $13 Million Vanishes From Korean Casino
Bloomberg
1/12/2021
Youkyung Lee
(Bloomberg) South Korean police are on the hunt for a female casino executive who disappeared after her employer discovered 14.6 billion won ($13 million) in cash missing from the resort’s coffer.
Hong Kong-based Landing International Development Ltd., which operates Jeju Shinhwa World, disclosed in a statement on its website that it was unable to reach the employee who was in charge of the casino funds. Landing’s shares in Hong Kong plunged 7.6% to a record low on Monday before rebounding 6.4% on Tuesday.
© Bloomberg
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Woman hunted after US$13 mil vanishes from Korean casino

(Jan 12): South Korean police are on the hunt for a female casino executive who disappeared after her employer discovered 14.6 billion won (US$13 million) in cash missing from the resort’s coffer. Hong Kong-based Landing International Development Ltd, which operates Jeju Shinhwa World, disclosed in a statement on its website that it was unable to reach the employee who was in charge of the casino funds. Landing’s shares in Hong Kong plunged 7.6% to a record low on Monday, before rebounding 6.4% on Tuesday. ....

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GGRAsia – Four Jeju casinos still running as island at Covid Level 2


South Korean casino destination Jeju island entered on Friday at 12am, “Level 2” of the country’s social-distancing rules in a countermeasure to Covid-19, as outlined by the local government on Thursday. It will apply until January 3, 2021.
Jeju media outlets reported that Level 2 required all Jeju’s casinos – venues for foreigner-only customers – to suspend operation.
But according to GGRAsia’s phone enquiries on Friday, four of eight Jeju casinos said they would continue to run their operations as of Friday.
They were: Gongzi Jeju, which said it would be open daily from 2pm to 5.30am on following mornings; Paradise Casino Jeju Grand, run by Korea Exchange-listed Paradise Co Ltd, which is operating from 2pm until 6am; Landing Casino (pictured) at Jeju Shinhwa World, a property of Hong Kong-listed Landing International Development Ltd, and which says it is running 24 hours per day; plus Casino Lotte Tour at Lotte Hotel Jeju, operating from 2pm until 10pm ....

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