Chinese firm drops $1.5-B PH integrated gaming resort project

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The Chinese proponent of a $1.5-billion integrated casino resort at the Nayong Pilipino property that was scuttled in 2018 is not taking further efforts to save its provisional license as it could still not find an alternative site five years later.

The project was meant to occupy a 95,700-square-meter parcel of land and will consist of what would have been Asia’s first and largest indoor movie-based theme park; 1,500 luxury hotel rooms; a convention center with a 4,000-seater pillar-free grand ballroom; a shopping mall with a variety of international brands, and a world-class casino.

If Landing Philippines fails to do so, its provisional license may be revoked or suspended. However, the COVID-19 pandemic hampered these efforts and the deadline was moved.

 

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