Resorts World Jeju

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    Landing takes 100 percent ownership of Jeju project

    Hong Kong-listed Landing International Development has announced it is now the sole owner of the foreigner-only casino project in Jeju, South Korea. In December, the company announced it was planning to take the remaining share of Jeju Shinhwa World project, previously known as Resorts World Jeju after Genting announced its exit from the project. At […]

    Genting Singapore sets up subsidiary in South Korea

    Casino operator Genting Singapore has set up a new subsidiary in South Korea, Claremont Co Ltd, which will focus on leisure and hospitality related businesses, according to a filing on Tuesday. “Claremont’s business objectives will be the provision of support services to leisure and hospitality related businesses, the provision of resource support, and all incidental […]

    Genting increases stake in Landing Jeju Development Co.

    Genting Singapore has announced it has increased its stake in Landing Jeju Development Co. with an additional 15 million new ordinary shares. Through the company’s indirect-wholly-owned subsidiary Happy Bay Pte. Ltd., the new shares brings the total subscription amount to KRW 150 billion (US$129.5 million), said Genting in a filing to the Singapore Stock Exchange […]

    Genting breaks ground on Resorts World Jeju

    Genting Singapore broke ground on Resorts World Jeju, a planned $1.8 billion integrated resort with a six-star hotel and luxury villas in South Korea. The 2.5 million-sq-meter development will house Jeju island’s largest family theme park with more than 20 rides and attractions in seven different zones themed after myths and legends. The company said […]