Landing International Chairman detained in Cambodia

first_imgLanding International Development Ltd Chairman Dr Yang Zhihui has been detained by authorities in Cambodia, according to reports by Chinese media.Rumours began swirling early Friday that Dr Yang was taken into custody in Phnom Penh in relation to his business links to China’s state-owned Huarong International Financial Holdings Ltd, whose former head is being investigated in a graft probe. Inside Asian Gaming has been told that the Landing boss has since been taken back to China.As previously reported by IAG, Landing had suspended trading on Thursday after its stock price plummeted 35% from HK$5.60 to HK$3.71 in less than two hours.Asked by IAG for confirmation or comment of Dr Yang’s arrest, Landing said only, “It is confirmed that the company has been unable to contact or reach Mr Yang Zhihui. The company is making attempts to contact Mr Yang.”It added that day-to-day business operations would continue as usual under CEO Jay Lee and CFO David Hoon.“We do not expect that the temporarily absence of Mr Yang would have any material adverse impact on the daily business operations and financial positions of the group,” the company said.Yang, who holds a 50.48% stake in Landing through his own wholly-owned company, was present in Manila earlier this month when the company held a groundbreaking ceremony for its planned US$1.5 billion integrated resort in Entertainment City – a project that remains in doubt after Philippines President Rodrigo Duterte said he would allow no new casinos to be built under his watch.Despite Duterte’s stance, Landing this week reiterated its intention to open its Manila IR in 2022.last_img read more

Anchorage sets record for most days without snowfall

first_imgThe record was set in 1958 when no snow fell from January 21st to February 25th. The record was matched on Friday at midnight and beaten the following evening.Now February 20th, 2016 is the day to remember for breaking the winter weather record for most days with no snow.While Anchorage remained snow-bare, Alyeska resort received so much snow Saturday that it had to close an upper level tram on Sunday. Anchorage received some snow on Sunday, but not much. Download AudioA nearly 60-year-old record for low snowfall went down over the weekend. National Weather Service meteorologist Dave Snider confirmed that Saturday night was the 37th day in a row without snow in Anchorage. The streak had started on January 15th.The green line on the chart represents 2016. The flatness of the line indicates no new snow. (Graph courtesy of the National Weather Service)last_img read more