A Hong Kong-listed company has won a provisional gaming permit from the Philippines gaming regulator PAGCOR to operate a USD1.5 billion casino resort in Manila, Philippines, the company announced last week.
Slated to commence operations in 2022, the license granted to Landing International Development will be valid for 15 years until July 11, 2033, and will allow them to operate baccarat, blackjack, pontoon, roulette, Casino War, Stud Poker, pai gow, slot machines, EGMs and poker, among other gambling variants.
Landing detailed in a statement that the facility will feature a casino, indoor cultural theme park, a water theme park and Asia’s first and largest “indoor movie-based theme park,” along with a convention center, hotels and retail and dining spaces.
It will be built on 9.5 hectares of reclaimed land near Manila Bay and will be named NayonLanding. Nayon means small village in Tagalog.
Landing said that NayonLanding would be a family- oriented resort promising a different cultural experience as a leisure and entertainment destination.
“We would like to thank PAGCOR for their vote of confidence in granting Landing Philippines a provisional gaming license in the Philippines and the opportunity to strategically expand our Landing brand into the Philippines,” said Landing International chairman and executive director, Dr Yang Zhihui.
“NayonLanding will be able to leverage […] the growing brand equity in Jeju
Shinhwa World to attract more Koreans and tourists in the region to visit
the Philippines,” Yang further explained in the statement.
The license was granted to Landing despite President Rodrigo Duterte’s ban on new casinos in the country as he refused to see an oversupply in the industry.
According to Nikkei, gaming officials were not immediately able to comment on Landing’s announcement.
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