• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 1 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Landing International Chairman detained in Cambodia

Newsdesk by Newsdesk
Fri 24 Aug 2018 at 16:08
Landing halts trading as stocks plummet, Chairman out of reach

Yang Zhihui

Print Friendly, PDF & Email

Landing International Development Ltd Chairman Dr Yang Zhihui has been detained by authorities in Cambodia, according to reports by Chinese media.

Rumours began swirling early Friday that Dr Yang was taken into custody in Phnom Penh in relation to his business links to China’s state-owned Huarong International Financial Holdings Ltd, whose former head is being investigated in a graft probe. Inside Asian Gaming has been told that the Landing boss has since been taken back to China.

As previously reported by IAG, Landing had suspended trading on Thursday after its stock price plummeted 35% from HK$5.60 to HK$3.71 in less than two hours.

Asked by IAG for confirmation or comment of Dr Yang’s arrest, Landing said only, “It is confirmed that the company has been unable to contact or reach Mr Yang Zhihui. The company is making attempts to contact Mr Yang.”

It added that day-to-day business operations would continue as usual under CEO Jay Lee and CFO David Hoon.

“We do not expect that the temporarily absence of Mr Yang would have any material adverse impact on the daily business operations and financial positions of the group,” the company said.

Yang, who holds a 50.48% stake in Landing through his own wholly-owned company, was present in Manila earlier this month when the company held a groundbreaking ceremony for its planned US$1.5 billion integrated resort in Entertainment City – a project that remains in doubt after Philippines President Rodrigo Duterte said he would allow no new casinos to be built under his watch.

Despite Duterte’s stance, Landing this week reiterated its intention to open its Manila IR in 2022.

Share2Share

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

JP Morgan: Macau GGR surge seemingly sparked by direct VIP, ultra-premium mass gaming customers

by Ben Blaschke
Tue 1 Jul 2025 at 18:15

The unexpected resurgence of Macau gaming revenues over the past two months, which culminated in June GGR smashing consensus at 19% year-on-year growth, appears to have been supported by the performance of the high-end gaming segments, according to investment bank...

Thailand in political turmoil as Constitutional Court suspends Paetongtarn as Prime Minister over leaked phone call

Thailand in political turmoil as Constitutional Court suspends Paetongtarn as Prime Minister over leaked phone call

by Newsdesk
Tue 1 Jul 2025 at 15:26

Thailand’s fragile political situation took another dramatic turn on Tuesday as the Constitutional Court suspended Paetongtarn Shinawatra as Prime Minister pending an investigation into her leaked phone call with former Cambodia leader Hun Sen. Paetongtarn may still remain as culture...

On the brink

Macau GGR continues recent resurgence by rising 19% year-on-year to MOP$21.1 billion in June

by Ben Blaschke
Tue 1 Jul 2025 at 12:52

Macau’s casinos generated gross gaming revenue of MOP$21.06 billion (US$2.60 billion) in June, representing a 19.0% improvement over the same month last year and continuing the city’s recent growth spurt. The June figure was only slightly lower than May, when...

PAGCOR donates US$888,000 to Bureau of Immigration to help fund deportation of former POGO workers

PAGCOR donates US$888,000 to Bureau of Immigration to help fund deportation of former POGO workers

by Newsdesk
Tue 1 Jul 2025 at 08:54

Philippine gaming regulator PAGCOR has approved a Php50 million (US$888,000) grant to the Bureau of Immigration (BI) to fund the ongoing deportation of foreign workers previously employed by illegal offshore gaming operators, or POGOs, it revealed Tuesday. In a statement,...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English