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Landing in the Philippines

Jeju Shinhwa World’s developer is proposing to invest in the construction of a theme-park-meets-Integrated-Resort in the Philippines

Casino and amusement park developer Landing International Development Limited has proposed building a theme park Integrated Resort in the Philippines, the company announced in a press release yesterday.
Landing Chairman and Executive Director Yang Zhihui met with Philippines President Rodrigo Duterte on September 4 in Manila to present the proposal.
The President was said to have expressed interest in the project and welcomed the investment, which the company claims will create jobs and bring Filipino nationals residing overseas back to the country.
The interested parties did not reveal a location for the proposed project, which will comprise Asia’s first movie-themed indoor park, Waterpark, in addition to other entertainment and leisure facilities.
In June, the Hong Kong-listed company reportedly withdrew from the potential acquisition of a gaming company in the country after seeking legal advice on its foreign investment, according to South China Morning Post.
Landing is the developer of the US$3 billion Jeju Shinhwa World project, another multiple movie-inspired theme park occupying 2.5 million square metres on Jeju Island in South Korea. Construction of the theme park began in 2013, with the company announcing that is expects full resort operations to commence by the end of this year.
In its latest interim results, Landing has announced it is considering moving its gaming property located in the Hyatt Regency Jeju Hotel – also on Jeju Island – to Shinhwa World.
The company also operates other gaming businesses in London, at the Les Ambassadeurs Club, which generated revenue of HK$427.92 million in the first half of 2017, up 78.19 per cent year-on-year.
The company, which started out in real estate in Anhui, China, gradually expanded to building and operating leisure and entertainment resorts and casinos.
Currently, it is slowing down sales activities for properties during the second half of 2017, it revealed, in order to focus on the progressive opening and marketing of Jeju Shinhwa World.

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