• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 4 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Uncertainty abounds as Landing says Duterte laid foundations for Manila land deal

Newsdesk by Newsdesk
Thu 9 Aug 2018 at 06:25
Uncertainty abounds as Landing says Duterte laid foundations for Manila land deal

L to R: Landing COO Jay Lee, Chairman Yang Zhihui, Philippines President Rodrigo Duterte and Landing CFO David Hoon at last September’s meeting

Print Friendly, PDF & Email

Uncertainty over the future of Landing International Development’s planned US$1.5 billion Manila integrated resort has been further clouded by the company’s assertion that it was Philippines President Rodrigo Duterte himself who guided them to the plot of land they are now fighting to retain.

Landing held a ground-breaking ceremony for the Entertainment City IR, to be called NayonLanding, on Tuesday but in a remarkable turn of events was blindsided by the news that Duterte had fired the entire board of Nayong Pilipino Foundation (NPF) – the government culture and tourism arm that granted and signed Landing’s lease contract for the land, located in Manila’s Entertainment City precinct.

So suddenly did Duterte lower the sword that NPF chairperson Patricia Ocampo proceeded with her previously planned welcome speech as part of the ground-breaking ceremony before breaking down in tears moments later.

Landing subsequently cancelled a series of media interviews planned for Tuesday afternoon – including one with Inside Asian Gaming – before releasing a statement in which it declared its intention to push ahead with the development of NayonLanding and insisted its lease contract with NPF is still valid and effective.

Most intriguing though is Landing’s assertion that it was Duterte himself who drove the company’s pursuit and acquisition of the land in question, located between Solaire Resort & Casino and Okada Manila.

Asked at a press conference in Manila on Tuesday morning about the strikingly similar scenario facing Macau’s Galaxy Entertainment Group – who announced plans for a US$500 million resort in Boracay earlier this year only for Duterte to declare there would be no casinos built on the holiday island – Landing’s COO Jay Lee said, “I can’t really comment on what happened in Boracay with Galaxy but we started looking at this investment more than a year ago.

“During one of the overseas visits from the President when he was trying to attract direct investments, our Chairman was able to meet up with him … and he welcomed foreign investors.

“After that he set us up with different departments – the tourism department and different departments to help us look for suitable sites for what we intend to do in Manila.

“This land that came about was actually through that process. It was referred to us from different industries, different departments and that was how we found it, so certainly for more than a year now we have been in direct contact with the relevant departments to get where we are today.”

Lee added that the government has long known about Landing’s IR plans and that “the government was very clear in terms of what they wanted.”

IAG reported last September that Landing had met with Duterte and his cabinet at Malacaňang Palace to discuss its IR proposal, having previously met in Hong Kong in May 2017.

Landing declared at the time that, “President Duterte welcomes the company’s proposed investment into the Philippines and expressed his keen interest and overwhelming support to the company’s proposal.”

The Duterte government said on Wednesday it would seek a full probe into the land lease deal, described earlier in the week as “grossly disadvantageous.” It follows an incident in May that saw Duterte’s niece and NPF board member Maria Fema Duterte file a complaint against her fellow board members for, among other reasons, approving Landing’s land lease for an amount well below expectations – claiming that the low lease price would cost the government Php517 million per year.

RelatedPosts

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

Mon 4 Aug 2025 at 06:02
Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

Mon 4 Aug 2025 at 05:55
Invitational NUSTAR Golf Tournament 2025 attracts 120 players

Invitational NUSTAR Golf Tournament 2025 attracts 120 players

Thu 31 Jul 2025 at 11:37
PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

Wed 30 Jul 2025 at 17:05
Load More
Tags: Bloomberry Resorts CorporationDuterteEntertainment CityLanding International DevelopmentManilaMaria Fema T DuterteNayong Pilipino FoundationNPFokadaOkada ManilaPatricia OcampoPhilippinesRodrigo DuterteSolaire
Share2Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Experts claim 90% of Macau money exchange gangs eradicated since passing of illegal gaming law

Morgan Stanley says Macau now a growth market, raising 2025 GGR and EBITDA forecasts after two consecutive monthly beats

by Ben Blaschke
Mon 4 Aug 2025 at 11:48

Investment bank Morgan Stanley has raised its Macau GGR and EBITDA growth forecasts for 2025, and operator price targets by 30% across the board, following two consecutive monthly beats in June and July. In a Monday note, Morgan Stanley analysts...

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

by Ben Blaschke
Mon 4 Aug 2025 at 06:02

The Chairman and CEO of Hann Philippines Inc, Dae Sik Han, has revealed he opted to proceed with an initial public offering on the Philippine Stock Exchange to ensure his ambitious expansion plans could proceed without delay. Hann, the parent...

Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

Philippine government insists President Marcos won’t “act in haste” on calls to ban online gaming

by Newsdesk
Mon 4 Aug 2025 at 05:55

The Presidential Palace has insisted that President Ferdinand R Marcos Jr will not act in haste in assessing whether or not ban the Philippines’ online gaming – also known as remote gaming or eGames – industry. The comments from Palace...

Jeju Dream Tower sets new records for casino drop, sales and visitation in July

Jeju Dream Tower sets new records for casino drop, sales and visitation in July

by Newsdesk
Sun 3 Aug 2025 at 12:47

Korea’s Jeju Dream Tower registered yet another all-time record in casino drop and visitation in July, continuing an impressive six month stretch of growth. According to information from the property’s parent company Lotte Tour, July visitation reached 56,691 – up...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English