HongKong-listed casino investor Landing International Development Ltd. has given the sale of its upmarket gaming venue in United Kingdom the greenlight.

In a regulatory filing, Landing announced that has put the Les Ambassadeurs Club and Casino on sale for a total consideration of HK$2.5 billion (US$320.16 billion) in order to enhance the Company’s cash flow and to allow it to focus its resources to develop Jeju Shinhwa World in South Korea’s Jeju Island.

The sale, according to the firm, signals its pivot toward the emerging markets in Southeast Asian regions.

“The leisure and entertainment industry in Southeast Asian markets has high potentials with ample business opportunities. The vibrant economy in the region has created an affluent of tourists demanding for high-quality leisure and entertainment experience to visit world-class tourism destinations in various regions,” Dr. Yang Zhihui, Chairman and Executive Director of Landing International Development Limited. “We are looking for opportunities to diversify into emerging markets in Southeast Asia by investing in projects with high growth potential and favorable investment terms, including seeking out opportunities in the Philippines, so as to establish “Landing” into a renowned leisure and entertainment brand.”