Landing Int ends interest in Philippine gaming biz
Mainland China real estate firm Landing International Development Ltd said on Friday that it has decided not to pursue the acquisition of a Philippine gaming business. The company had announced on May 4 that it had started negotiations with a potential vendor, which was not identified.
In Friday’s filing to the Hong Kong Stock Exchange, Landing International said it has – since the May 4 announcement – “obtained certain preliminary legal advice on foreign investment in gaming business in the Philippines”.
It added that after review, “the company… terminated all relevant discussions with the potential vendor”.
Friday’s filing didn’t identify the venue involved or the vendor.
Landing International has for several years been pursuing casino business in the Asia Pacific region.
A South Korea casino hotel complex – called Jeju Shinhwa World, on the holiday island of Jeju, and developed and operated by Landing International – opened some of its hotel accommodation in late April.
The firm already owns and operates a casino on Jeju Island, branded Landing Casino, located at the Hyatt Regency Jeju Hotel.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Sands eyes Londoner Court for pre Oct Golden Week: Wong May 11, 2021 
May break Macau daily GGR circa US$75mln: analysts May 10, 2021 
Galaxy Ent posts US$111mln 1Q EBITDA, on flat revenue May 13, 2021