Tuesday, December 1, 2020

Tag: Philipines

Landing finally secures Pagcor approval for Manila IR

ICR WEBSITE LANDING
Landing International Development Corp has received Pagcor approval for its $1.5bn IR development in Manila’s Entertainment City. The provisional licence has been granted after the project’s lease agreement was suspended in late June, pending approval by the Philippines regulator and the National Economic Development Authority. The suspension arose after development partner, and state-owned developer, Nayong Pilipino Foundation was ordered to cease...

Landing International’s Manila land deal in limbo

ICR 190 ASIA LANDING
Korean casino operator Landing International Development Corp appears to have had its lease agreement to develop and operate an integrated resort in Manila’s Entertainment City put on hold. Media reports suggest that the Philippines’ Commission on Audit (COA) has ordered Nayong Pilipino Foundation (NPF) - a state-owned corporation under the Department of Tourism - to suspend its lease agreement with...

“Gamble until you die” – Duterte U-turn on online gambling crackdown

Casino Review Philippines Rodrigo Duterte
The Philippine’s president has announced that he is willing to allow a resumption of online gambling within certain conditions.   Philippines president, Rodrigo Duterte, appears to have softened his stance against the gambling industry and  has stated that he is prepared to allow online gambling after all. Immediately after taking office Duterte added online gambling to his hit list of vices and...

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