• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Landing Manila plot lease to be cancelled: Duterte rep

Sep 03, 2018 Newsdesk Latest News, Philippines, Top of the deck  


Landing Manila plot lease to be cancelled: Duterte rep

A Philippine presidential spokesperson said on Friday that the land lease contract for a Manila casino project by Hong Kong-listed Landing International Development Ltd would be “cancelled” as it was “found to be void from the start”, several local media reported.

The spokesperson, Harry Roque, gave the comments a day after the Philippine Department of Justice (DOJ) said it had completed a review of the land deal; which had involved a public body – the Nayong Pilipino Foundation – and Landing Resorts Philippines Development Corp, a local subsidiary of Landing International.

“The DOJ has joined the President in concluding that the contract is void ab initio… According to the Secretary of Justice, the contract of Landing with Nayong Pilipino is a build-to-operate transfer (BOT) contract disguised as a lease contract,” Mr Roque told the press. He added that the law regarding build-to-operate ventures required a public bidding process.

On Monday GGRAsia approached Landing International for comment on the remarks of the presidential spokesperson. A Landing International representative told us: “We need to seek further clarification on this matter, and we do not have any comment at this stage.”

Landing International has said it intends to build a US$1.5-billion casino resort and theme park, to be called NayonLanding, on the site in question (pictured). It hopes to complete the project in 2022.

It emerged on the day of ground breaking for the new Manila casino project of Landing International in early August that the country’s leader, President Rodrigo Duterte, had sacked the entire board of the Nayong Pilipino Foundation. But the firm asserted by then that its lease was valid and that it would press on with its casino resort project in Manila.

The firm also said at the time that unless its lease contract with the foundation was “cancelled or nullified on legal grounds by the courts, Landing International has reason to believe that it is a valid leaseholder and can legally proceed with its project”.

The Philippine Senate received last week a resolution tabled by a lawmaker asking it to investigate allegations of corruption over land let in Manila by Nayong Pilipino Foundation to the Philippines unit of Landing International.


  • tweet
Related articles
  • Casino firm Landing flags 10pct-20pct slimmer year loss
    Casino firm Landing flags 10pct-20pct...

    Mar 05, 2021  

  • Metro Manila, Entertainment City stay in GCQ to March 31
    Metro Manila, Entertainment City stay...

    Mar 03, 2021  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us