Jeju officials monitoring Landing’s Jeju Shinhwa World

If Landing International didn’t already have enough problems, it probably wouldn’t mind the latest bit of news. The Hong Kong-based casino operator is being monitored by South Korean regulators in Jeju, where it operates Jeju Shinhwa World through a subsidiary.

The monitoring is only precautionary. It is based on the revelation by Landing that it has not been able to reach its chairman, Chinese businessman Yang Zhihui, since August 23. The company has not provided any public details on the chairman’s whereabouts since it made that announcement.

The Jeju Casino Regulatory Division said that it will keep its eye on the company, but that it currently has no “special actions planned.” It didn’t specify details on how it is monitoring Landing.

This past Friday, Landing announced that it had appointed two new executive directors to the company’s board, both of which were effective as of September 1. The first is Xu Ning who, according to the announcement, is the spouse of Yang. Yang’s controlling interest of Landing, at 50.48%, is more than likely an impetus for his wife being appointed. Xu, who previously served as an executive director for almost three years, will be able to claim a director’s fee worth $611,496 annually.