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Landing International Parts Ways with COO

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GGR Asia is reporting that Jay Lee Poh Yee has left his post as chief operating officer of the casino hotel company Landing International Development.

Landing hired Lee as their COO in March 2016, and he left the company in January. Prior to his stint at Landing, Lee worked for Genting Singapore Plc for over a decade.

Landing International has not made a statement yet on Lee’s reported departure from the company.

One of Landing’s biggest current investments is in a casino resort on Jeju, a Korean holiday island.

The company has been in financial trouble in recent years, and in 2018 they ran at a loss due to a shortcoming of $83.7 million from shuttered ventures.

Since the announcement of the 2018 losses, the Hong-Kong based company has shifted focus from resorts in the United Kingdom and China to their Jeju property. The resort on Jeju is only open to foreigners with the hope of attracting Chinese tourist to the island.

Landing’s stock also dropped in 2018 when the company’s chairman Yang Zhihui was reported missing. Zhihui later resurfaced and returned to work for the company after leading an investigation in China.

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Alec Pronk

Alec Pronk

Alec Pronk is a huge sports fans and also enjoys all things politics. When he's not writing you can find him losing at chess to his friends.

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