Genting Singapore Plc., operator of the Resorts World Sentosa casino resort in Singapore, is pumping more money into its South Korea casino project.

In a recent disclosure to the Singapore Stock Exchange, the Singapore-based gaming firm announced that its’ indirect subsidiary Happy Bay Pte. Ltd. has subscribed for an additional 15 million new ordinary shares at KRW10, 000 (US$8.65) each, in Landing Jeju Development Co Ltd. (LJDC) The total subscription made by Happy Bay to Landing Jeju is worth KRW150 billion (US$ 131.83 million).

According to Genting Singapore, the equity interests of Happy Bay and Landing International Development Limited (LIDL) – a Hong Kong-listed real estate firm – in LJDC remain unchanged at 50 percent following the additional equity investment.

“The Additional Equity Investment is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending December 31, 2016. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Additional Equity Investment other than through their respective shareholdings in the Company,” Genting said during Monday’s filing.