The board of directors of Landing International Development Limited announced that based the information currently available to the Board, the group is expected to record a significantly increase in net loss for the year ended December 31, 2014 as compared to loss for the year ended December 31, 2013. The substantial increase in loss was mainly attributable to (i) the administrative expenses in connection with the newly acquired casino business; (ii) pre-construction administrative expenses for the integrated resort development; and (iii) increase in other operating and administrative expenses due to the group expansion.
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- Landing International Development Limited Provides Group Earnings Guidance for the Year Ended December 31, 2014