Scientific Game

2017 Inside Asian Gaming Power 50: Number 44 - Yang Zhihui

Monday, 04 December 2017 21:04
Visit us

44 Yang Zhihui

Landing International



• Developing a giant themed resort and hotel complex in Jeju
• Bought and sold London’s Les Ambassadeurs Club for a quick profit

You can’t accuse Landing International Chairman and controlling shareholder Yang Zhihui of lacking ambition. Determined to establish a presence in the gaming industry, the property developer began by outbidding multiple Korean companies to acquire a 260 hectare (642 acre) development site on the southwest end of Jeju, South Korea’s top domestic tourism spot that offers visa-free entry to mainland Chinese. Landing partnered with Genting for the US$1.8 billion Resorts World Jeju, with a theme park and condos – potentially a path to legal residency – plus a casino and 2,000 hotel rooms.

The partnership came to an end late last year when Genting sold its stake in order to focus its energies on Japan, but Landing has only upped the ante in Jeju. In early September 2017, the company announced plans to raise HK$1.8 billion through the placement of shares to complete the newly named Jeju Shinhwa World – a plan it successfully fulfilled later that month.

Landing also revealed its intention to accelerate construction and bring forward to 2018 the completion of the waterpark, theme park hotel and dormitory and training facilities at Jeju Shinhwa World. In regards to its share placement, the company said it had achieved “certain major developments and revised its construction and business plans in relation to its investment in Jeju Shinhwa World,” including signing agreements with Four Seasons Hotels and Resorts Asia Pacific Pte Ltd to launch a luxury Four Seasons resort within Jeju Shinhwa World. It also signed a theme park development agreement with Lions Gate Entertainment Inc for the development of a theme park built around world-famous movies named “Lionsgate Movie World.”

As for Landing Casino, which the company bought in partnership with Genting before buying the full share, Landing plans to relocate operations from its current location at Jeju’s Hyatt Regency to its giant themed tourist attraction.

In a shrewd piece of business, Yang oversaw the 2015 purchase of swanky Les Ambassadeurs Club in London’s Mayfair district for HK$1.4 billion, then sold it in September of this year for HK$2.5 billion.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

What's new

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Friday, 25 May 2018 06:54

Macau May GGR in line for high-teen growth

Macau May GGR in line for high-teen growth Macau is on track to report a year-on-year GGR increase of between 17% and 19% in May, say analysts, after rebounding strongly from the Labor Day holiday weekend. According to JP Morgan’s DS Kim, mass market is leading the way with growth of more than 20% year-on-year while VIP GGR is tracking in... Friday, 25 May 2018 06:36

PAGCOR says officials safe after Duterte gambling comments

PAGCOR says officials safe after Duterte gambling comments Philippines gaming regulator PAGCOR says that its leaders are safe following reports this week that a number of high-ranking gaming officials were set to be fired by President Rodrigo Duterte. PAGCOR was quick to absolve itself of any link to comments made by Duterte after he asked two ranking offi... Friday, 25 May 2018 05:43

Genting Berhad sees 10% growth in 1Q18 on Malaysia, Singapore IRs

Genting Berhad sees 10% growth in 1Q18 on Malaysia, Singapore IRs Genting Berhad saw its revenue grow 10% to RM5.3 billion for the three months to 31 March 2018, boosted by its leisure and hospitality segment and in particular strong results at its flagship integrated resorts in Malaysia and Singapore. Malaysia’s Resorts World Genting (RWG) enjoyed the biggest ... Friday, 25 May 2018 04:59

Current Issue

Macau and Japan: Licensing looms large

Macau and Japan: Licensing looms large The next few years are set to be the most crucial period ever in the Asian gaming industry – one which will lay the ground rules for decades to come in the world’s largest gaming market and what’s set to become the world’s second largest. By Ben Blaschke and Andrew W Scott Macau and Japan ... Monday, 30 April 2018 12:39

Pachinko: Japan's Unlucky Loser

Pachinko: Japan's Unlucky Loser Japan’s preparations for integrated resorts are hitting pachinko harder than the actual casinos ever will. By Muhammad Cohen Japan won’t open its first integrated resort for years, if ever, but the IRs already have their first loser, the country’s unique and ubiquitous pachinko business. Pac... Monday, 30 April 2018 12:33

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market Global Market Advisors’ Brendan D Bussman runs through the pros and cons of Japan’s problem gambling legislation. By Brendan D Bussmann As Japan continues to look at the development of integrated resorts (IR), many people engaged and following the market are focused on the IR Implementation Bi... Monday, 30 April 2018 12:28

Safety First

Safety First The International Association of Gaming Advisors (IAGA) will hold its 37th annual International Gaming Summit during G2E Asia from 14 to 16 May at Four Seasons Macao. Among the many insightful seminars and events that will comprise IAGA’s summit is a responsible gaming workshop to be held on Wedne... Monday, 30 April 2018 12:12