Hong Kong-based Landing International Development Limited is a new entrant to the IR operator business, having started mainly as a property developer working in mainland China. However, with the signing of their contract to create Jeju Shinhwa World in South Korea, and opening that facility in 2018, Landing International is becoming a player in the Asian casino industry. This is underlined by the fact that they are now working to establish their second IR, this time in the Philippines.
Landing International Chairman Yang Zhihui has reportedly been detained at an airport in Cambodia, according to reports from Chinese media.
Philippine President Rodrigo Duterte says there will be no further expansion of the gaming industry in his country and raised doubts about the future of major investments that were already in the works.
Philippine President Rodrigo Duterte announced he was firing the entire board of Landing International Development’s local partner, just as the two parties broke ground on a US$1.5 billion theme park in Entertainment City, Manila.
Zhengming Pan, CEO of 500.com, the Shenzhen-based online sports lottery service provider, is back in Okinawa pitching his IR plans, but this time he brought along a potential partner, Kevin McGowen, CEO of Les Ambassadeurs Club in London.
Landing International is expecting to obtain regulatory approval for its proposed Paranaque City IR sometime in the second half of the year. “We’ve submitted our application and are in the midst of processing… We hope that it will be with the next few months,” said Mr. Lee, speaking to AGB in an exclusive interview on Wednesday.
Landing International Development Ltd. has announced it has been granted approval from the city council for a new integrated resort in the City of Parañaque, Philippines.