Landing Worldwide Improvement posts $272m loss in 2020

Landing Global Advancement Restricted has documented a loss of HK$2.12bn (US$272m) for comprehensive 12 months 2020, a bit narrowed from the decline of HK$2.13bn in 2019.

The Hong-Kong stated casino operator posted income of HK$788m, a 3% decline from the prior-yr interval. Landing’s gaming organization represented HK$186.5m of the total profits, a 12.5% calendar year-on-calendar year drop.

Built-in Resort progress and home improvement earnings in the meantime attained HK$504.2m and HK$97.3m respectively for complete year 2020.

“Our important small business in Jeju Island, South Korea, which mainly relies on enjoyment and hospitality industry problems, specifically the gaming business, has been inevitably impacted by Covid-19,” a statement from Landing browse.

“Operating several hours and most ability across our attractions, eating places and amenities are getting constantly modified in accordance to federal government tips.”

The statement continued: “With the rollout of Covid vaccines giving hope, it is envisioned that the vaccines are most likely to relieve several varieties of limits in the foreseeable long term. Having said that, at the existing time, we are still going through issues in anticipating the material development of Covid-19 and a large array of public insurance policies to be introduced globally and regionally, primarily the vacation limitations, which could significantly affect our main businesses.”