Landing Casino Achieves Top Ranking in Anti-Money Laundering Assessment in 2015
Representing a Leap from Ranking 10th in 2014
International Capital, Operation and Management Show Effectiveness
(18 January 2016, Hong Kong) Landing International Development Limited ("Landing International" or the "Company", HKEx Code: 00582) is pleased to announce that its wholly-owned Landing Casino, located at the five-star Hyatt Regency Jeju Hotel in Korea, achieved top ranking among 17 casinos in Korea with 'Excellent' grade in 2015 in the Anti-Money Laundering Assessment conducted by the Financial Services Commission in Korea, representing a leap from ranking 10th in 2014 since the Company's acquisition of the casino in April 2014.
The Anti-Money Laundering Assessment was established in 2007 by the Financial Intelligence Unit, a complex administrative agency under the Financial Services Commission in Korea, with an aim of promoting appropriate settlement and implementation of anti-money laundering system and preventing international terrorists' financing by objectively assessing the implementation of anti-money laundering system among financial institutions in Korea. In 2015, assessment targets included domestic and foreign securities companies, insurance companies, credit card companies and credit-specialized financial companies, etc., while casino businesses were included as assessment targets since 2014. In 2015, Korea assumed the position of President of Financial Action Task Force, an affiliated agency of the Organisation for Economic Co-operation and Development ("OECD"), to reinforce anti-money laundering in Korea. In addition, the Jeju government has established the Casino Regulations Division and recently announced revision of relevant ordinances and rules, in an effort to bring the casino industry in Jeju to an advanced level.
Mr. Yang Zhihui, Chairman of Landing International, said, "I am honored to have our Landing Casino achieving top ranking in the Anti-Money Laundering Assessment. This achievement is a fruit of joint efforts of the Jeju government, the casino industry and the Group. Since our acquisition of the casino in 2014, we have adopted advanced knowhow and operated the business in a transparent way while complying with regulatory requirements to develop the project into a world-class casino. The top ranking is a recognition from the Korean government to the Group's ongoing effort. Looking forward, we will continue to adhere to international operation and management to attract more foreign investors and contribute to a sustainable development of the tourism industry in Jeju."
Located in the five-star Hyatt Regency Jeju Hotel, Landing Casino is pursuant to one of the eight gaming licenses in Jeju under the Tourism Promotion Act. It currently has 26 Baccarat tables, 1 Blackjack table, 1 Tai Sai table, 1 Roulette table and 16 slot machines.
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About Landing International Development Limited
Landing International Development Limited (the "Company"), and its subsidiaries, is principally engaged in development and operation of the integrated resort, and casino business carried under a casino license. The Company has been listed on the main board of Hong Kong, and has become a constituent stock of the Hang Seng Family of Indexes. The majority of the shares in the Company is held by Landing International Limited which is wholly owned by Mr. Yang Zhihui, Chairman and Executive Director of the Company. Mr. Yang is also the controlling shareholder of Anhui Landing Holding Group Co., Ltd, the only real estate company in Anhui province honoured with the title of "The Star of Top 100 Chinese Real Estate Enterprises for the Year 2013" by the Chinese Real Estate Top 10 Research Team.
For more information, please contact:
iPR Ogilvy Ltd.
Callis Lau / Molisa Lau / Maggie Chui
Tel: +852 2136 6952 / 2136 6953 / 2136 8059
Fax: +852 3170 6606
Email: landing@iprogilvy.com
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