Tag Archives: South Korea
- Landing International anticipating $127M net loss in 2016
Hong Kong-listed property developer Landing International Development Ltd is apparently preparing its investors for the worst. On Tuesday, Landing International disclosed to the Hong Kong Stock Exchange that the company is expecting its 2016 net loss to widen. They estimated that the firm’s annual net loss would balloon to HKD987.97...
- South Korea’s Paradise Co Ltd bounces back in 2016
South Korean casino operator Paradise Co Ltd was back in the black in 2016 following a troubled 2015. Figures released this week to the Korea Exchange show Paradise’s casino revenue hitting KRW 603.1b (US $509m) in the 12 months ending December 31, 2016. The figure is 6.2% higher than 2015’s...
- Landing International secures 100% control of JejuShinhwa World project
Hong Kong-listed property developer Landing International Development Ltd. has added another South Korean casino under its belt. The investment firm announced in a Tuesday filing that it has gained 100 percent control of a foreigner-only casino project, the JejuShinhwa World, on Jeju Island in South Korea. Landing International already holds...
- Bloomberry shelves Korean casino sale
Philippine casino operator Bloomberry Resorts is putting the sale of its interest in Jeju Sun Hotel & Casino in South Korea at the back burner after its supposed buyer has ran out of money. The Philippine Daily Inquirer quoted Bloomberry chair Enrique Razon Jr. saying that the sale of the...
- Paradise Co. casino sales bounce back with 7% growth in November
South Korea’s foreigners-only casino operator Paradise Co. Ltd. is back in the game. In a filing to the Korea Exchange, Paradise said its casino sales for November totaled KRW53.91 billion (USD46.1 million), a 7.2 percent increase compared to the KRW50.30 billion it achieved in the prior year period. The November...
- Caesars finally finds new South Korean casino partner
Casino operator Caesars Entertainment has finally revealed the name of its new South Korean joint venture partner. On Tuesday, a subsidiary of Chinese hotel and property development firm Guangzhou R&F Properties Co Ltd formally announced the formation of a joint venture with Caesars’ South Korean subsidiary to build an integrated...
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