Hong Kong-listed Landing International Development Limited has announced unaudited revenue of HK$970 million at its Korean integrated resort Jeju Shinhwa World in 1Q18, including HK$650 million from the recently relocated Landing Casino.
In a filing to the Hong Kong Stock Exchange, Landing said it had also recorded total rolling chip volume of HK$16.2 billion for the period, which included the launch of its new casino on 25 February 2018. Landing Casino had previously been located at Hyatt Regency Jeju Hotel.
Non-gaming revenue for the three months to 31 December 2018 totaled HK$320 million.
“From the beginning of 2018 and following the opening of the first phase of Jeju Shinhwa World, the group has taken steps to ramp up its sales and marketing efforts,” Landing said.
“Among others, the group has entered into cooperation agreements with various travel agencies and online travel agencies in various key markets including mainland China, Hong Kong, Macau and Taiwan regions, Japan and Southeast Asia to leverage on their respective network to promote and market the resort to their customers.”
Jeju Shinhwa World, which currently incorporates Somerset Jeju Shinhwa World, Jeju Shinhwa World Marriot Resort and Jeju Shinhwa World Landing, boasts 1,400 hotel rooms and serviced apartments.
The company said it welcomed over 100,000 domestic and overseas visitors to its Shinhwa Theme Park and YG Republique during the first quarter, primarily from mainland China, Hong Kong, Taiwan, South Korea and Japan.
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