{"id":33638,"date":"2022-09-20T03:31:50","date_gmt":"2022-09-20T06:31:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33638"},"modified":"2026-04-23T04:44:25","modified_gmt":"2026-04-23T07:44:25","slug":"landing-international-revenue-up-45-1-in-h2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/landing-international-revenue-up-45-1-in-h2","title":{"rendered":"Landing International revenue up 45.1% in H2"},"content":{"rendered":"\n<p>The company attributed the growth in consolidated revenue to the increase in domestic consumption at Jeju Shinhwa World.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.-\u00a0Landing International Development<strong>\u00a0<\/strong>has shared its financial results for the second half of the year. It&#8217;s reported consolidated revenue of nearly HK$691m, up 45.1 per cent year-on-year.\u00a0<\/p>\n\n\n\n<p>The company reported that Landing Casino recorded net revenue of approximately HK$32m, while segment loss from the gaming business was approximately HK$49m. Landing\u2019s non-gaming revenue was HK$658m.<\/p>\n\n\n\n<p>The increase in consolidated revenue was primarily due to increased domestic consumption in Jeju Shinhwa World through a series of marketing activities, resulting in higher revenue in the integrated resort segment, as well as increased residential real estate sales activities.<\/p>\n\n\n\n<p>In the second half of the year, Jeju Shinhwa World resort generated a segment revenue of HK$448m, mainly from its hotels, conventions and exhibitions, catering services, attractions theme parks, water parks and merchandise sales.\u00a0<\/p>\n\n\n\n<p>The integrated resort segment had recorded&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/landing-international-posts-a-net-loss-of-us13-4m-for-h1\" rel=\"noreferrer noopener\">revenue of HK$448.7m for the six months ended June 30<\/a>, compared to HK$350.7m for the same period last year.<\/p>\n\n\n\n<p>Landing&#8217;s plan to build a new hotel at<strong>\u00a0Jeju Shinhwa World<\/strong> remains suspended in order to give priority to its property development business. The company is exploring the feasibility of\u00a0<strong>developing a new zone for residential development<\/strong>, with construction commencing in 2023 and to be completed in 2024.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company attributed the growth in consolidated revenue to the increase in domestic consumption at Jeju Shinhwa World.<\/p>\n","protected":false},"author":176,"featured_media":17328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Landing International Development reported a 45.1% YoY increase in H2 consolidated revenue to HK$691m, primarily propelled by robust domestic consumption at Jeju Shinhwa World and enhanced residential real estate sales. While non-gaming revenue reached HK$658m, the gaming vertical recorded a HK$49m segment loss despite HK$32m in net casino revenue. The company is strategically prioritizing property development, suspending new hotel construction, and exploring a new residential zone at Jeju.","focusai_entities":"Landing International Development, Landing Casino, Jeju Shinhwa World","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Gaming Segment Strategy","query":"What specific operational adjustments or market conditions contributed to the HK$49m segment loss in Landing Casino's gaming vertical, and what is the projected timeline for achieving positive NGR and EBITDA in this segment?"},{"label":"Capital Allocation Shift","query":"Given the suspension of the new hotel project and the prioritization of residential development, what is the projected ROI and strategic rationale behind this capital reallocation, and how will it impact the integrated resort's long-term GGR, non-gaming revenue mix, and overall enterprise valuation?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23924],"class_list":["post-33638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-landing-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33638"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33638\/revisions"}],"predecessor-version":[{"id":33652,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33638\/revisions\/33652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17328"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}