Chinese real estate firm, Landing International Development Limited, has announced that one of its subsidiaries has been granted a provisional gaming license for the new integrated casino resort it is planning to build in the Philippines.
Hong Kong-listed Landing International Development Limited revealed via an official filing (pdf) that its wholly-owned Landing Resorts Philippines Development Corporation subordinate had received the license from the Philippine Amusement and Gaming Corporation regulator on Wednesday and now intends to hold a ground-breaking ceremony for the coming $1.5 billion development on August 7.
New venue to be named NayonLanding:
Landing International Development Limited explained that the coming venue, which has been christened NayonLanding, will be built on 23.6 acres of land in the Entertainment City district south of Manila and feature over 3.5 million sq ft of floor space. The firm detailed that the envisioned facility is to feature a pair of theme parks and an indoor water park alongside a 301,400 sq ft casino offering a collection of slots and electronic gaming machines as well as games of poker, blackjack, baccarat, roulette and craps.
Already responsible for the expansive Jeju Shinhwa World integrated casino resort in South Korea, Landing International Development Limited stated that its plan for NayonLanding moreover calls for the construction of a plethora of dining and retail options in addition to luxury hotels, a convention center and ‘other commercial and entertainment facilities.’
Development to open in early-2022:
Yang Zhihui, Chairman and Executive Director for Landing International Development Limited, used the filing to declare that his firm hopes to begin welcoming guests to NayonLanding by early-2022 while its 15-year gaming license is to be valid until at least July of 2033.
Zhihui’s statement read…
“The regular license may be renewed subject to the same terms and conditions of the provisional license. Unless otherwise consented to by the Philippine Amusement and Gaming Corporation, Landing Resorts Philippines Development Corporation cannot engage in video streaming or Internet gaming.”
Final casino complement still to be agreed:
Zhihui additionally used the statement to clarify that his firm has not yet determined how many gaming tables, slots and electronic gaming machines it would like to offer in the coming NayonLanding casino, which is to be open to anyone over the age of 21, but will soon seek approval for such a ‘master development plan’ from the Philippine Amusement and Gaming Corporation.
Zhihui’s statement further read…
“The integrated resort will appeal to guests of all ages to explore and celebrate Filipino culture, heritage and beauty in addition to offering a world-class entertainment and shopping destination that will attract visitors from around the world.”
Latest casino for Entertainment City:
The 1,976-acre Entertainment City district welcomed its first integrated casino resort in 2013 following the debut of the Solaire Resort and Casino from the Bloomberry Resorts and Hotels Incorporated subsidiary of Manila-listed Bloomberry Resorts Corporation. This was soon followed by local firm Belle Corporation in partnership with Melco Resorts and Entertainment Limited opening the nearby City of Dreams Manila development while December of 2016 saw the Tiger Resort, Leisure and Entertainment Incorporated subordinate of Japanese firm Universal Entertainment Corporation begin welcoming guests to its giant Okada Manila venue. The reclaimed area sits only about a 15-minute drive from Manila Ninoy Aquino International Airport and is furthermore due to host the Resorts World Westside City property from Megaworld Corporation as soon as 2021.