Hong Kong-listed Landing International Development Ltd announced it has inked a a conditional deal with United Kingdom's Twinwood Ltd to acquire all the shares in a company controlling London's upscale Les Ambassadeurs Club and Casino for £137 million ($207.4 million).
Landing International informed the investment community that the acquisition will be funded by the company’s internal resources and debt financing.
The acquisition will mark the first major investment for Landing International outside of Asia where the company has primarily focused on properties in South Korea. According to GGRAsia, Landing operates and owns the casino at the Hyatt Regency Jeju Hotel, and is in a partnership with Genting Singapore Plc to develop a second gambling resort on the island.