Landing International appoints director to oversee hotels and theme parks
Hong Kong-listed Landing International Development Ltd has announced the appointment of a new Executive Director tasked with overseeing the hotels and theme parks at the company’s South Korean integrated resort, Jeju Shinhwa World. Huang Wei, aged 39, has been appointed...
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Landing International Development suffers US$272 million loss in 2020
Hong Kong-listed Landing International Development Ltd has reported a loss of HK$2.12 billion (US$272 million) in FY2020, largely flat compared to 2019 levels due to higher non-gaming revenue supplementing a decline in the company’s gaming business. Publishing its financial results...
Genting Hong Kong reveals US$1.72 billion loss in 2020 but confident of lender support
Asian-based cruise ship operator Genting Hong Kong says it remains confident its lenders will support a restructuring of its outstanding debts, despite suffering a massive US$1.72 billion loss for the year ended 31 December 2020. The Hong Kong-listed firm, which...
Oshidori says strategic investment arm to fund pursuit of Nagasaki IR after record profit in 2020
Oshidori International Holdings Ltd says it plans to utilize what it calls “tactical and/or strategic investments” to prepare its pursuit of an integrated license in Nagasaki, Japan, after the company revealed record profits in 2020. Oshidori, the parent company of...
Revenue down 67% but Suncity Group returns to profit in 2020 on gains in asset values
Hong Kong-listed Suncity Group Holdings has reported a net profit attributable to equity holders of the company of RMB786.4 million (US$119.6 million) in 2020, representing a significant reversal from a loss of RMB1.48 billion (US$225.8 million) in FY19. The return...
Summit Ascent names veteran Genting executive David Chua as new CEO
Hong Kong’s Summit Ascent Holdings has announced the appointment of David Chua, Chairman of Resorts World Manila operator Travellers International Hotel Group Inc, as its new Executive Director and CEO. According to a Monday filing, Chua, 58, has entered into...
Genting Hong Kong bailout continues as Chairman and CEO Lim Kok Thay buys out stake in luxury yacht subsidiary
Genting Group Chairman and CEO Lim Kok Thay has purchased a 24.68% stake in a subsidiary of Genting Hong Kong as part of the troubled cruise ship firm’s ongoing efforts to boost liquidity. Lim, who is also Chairman and CEO...
Hong Kong Jockey Club adds Dubai World Cup meet to World Pool betting
The Hong Kong Jockey Club has announced it will offer World Pool betting for the Dubai World Cup meeting at Meydan Racecourse this Saturday 27 March 2021. The addition of the Dubai World Cup comes after Dubai’s Super Saturday meeting...
