Landing International, the Hong Kong based gaming operator, has reported on its first half of 2017, with revenues up from HK3.25m to $846m.

It has resulted in a turnaround over the previous year when the group had a net loss of $662m. This year it had a positive $44.7m profit. The company reported that the turnaround was mainly attributable to segment profit of property development, the gain on fair value change of financial assets and other factors.

Landing earlier this year completed the acquisition of Callisto, an investment holding company owning Happy Bay, which in turn held a 50 per cent interest in Landing Jeju, a company developing Jeju Shinhwa World, a project that will offer a family theme park with 20 rides and attractions, a water park and retail in South Korea.

The development will also contain a major hotel, villas and conference facilities. Most of the construction of the first phase has now been completed with the rest scheduled to be ready by 2019.

Also, the Jeju location has the Landing Casino, which is operating successfully. The company is the owner of London’s Les Ambassadeurs Club, which it acquired in April of last year, but which is now being sold on. For the half year the casino generated revenues of HK$427m.