Advised to withdraw
Mainland Chinese real estate firm Landing International Development Ltd. has tabled its plan to pursue a Philippine gaming business. Last month the company announced its intentions to enter the market in partnership with an unnamed local vendor, reported GGRAsia.
But earlier this month, in a filing to the Hong Kong Stock Exchange, Landing International said it had “obtained certain preliminary legal advice on foreign investment in gaming business in the Philippines” and decided to “terminate all relevant discussions with the potential vendor.”
The firm already owns and operates the Landing Casino, located at the Hyatt Regency Jeju Hotel on Jeju Island in the South Korean Strait.
