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Nayong Pilipino resort's fate hangs on DOJ opinion - gaming chief

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Jamaine Punzalan, ABS-CBN News

<figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/68d9un0eubA" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA - The planned construction of a $1.5-billion theme park by the Nayong Pilipino Foundation and Hong Kong&#x27;s Landing International may fall through if deemed illegal by the justice department, the country&#x27;s gaming regulator said Monday.</p><p>President Rodrigo Duterte earlier this month sacked the entire board of Nayong Pilipino over a 70-year lease deal which he found disadvantageous to the government. The firing was announced simultaneously with the groundbreaking of the NayonLanding casino resort.</p><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/08/07/18/nayong-pilipino-resort-breaks-ground-as-duterte-sacks-board">Nayong Pilipino resort breaks ground as Duterte sacks board</a></li></ul><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/08/07/18/nayong-pilipino-exec-denies-graft-accepts-removal-from-post">Nayong Pilipino exec denies graft, accepts removal from post</a></li></ul><p>&quot;Hinihintay ko talaga kung anong opinyon ng Department of Justice na irerekomenda ng Office of the Government Corporate Counsel,&quot; Philippine Amusement and Gaming Corporation chairperson Andrea Domingo told radio DZMM.</p><p>(I am waiting for the opinion of the Department of Justice on this, which will be endorsed by the Office of the Government Corporate Counsel.)</p><p>&quot;&#x27;Pag sinabi kasing ang kontrata, iyung luma saka bagong ginawa ng Nayong Pilipino at Landing ay ilegal, automatically revoked ang kanilang [provisional casino] license,&quot; she added.</p><p>(If they deem that the old and new contracts between Nayong Pilipino and Landing are illegal, their license will be automatically revoked.)</p><blockquote class="twitter-tweet" data-lang="en"><p dir="ltr" lang="en">LOOK: Scale model of NayonLanding, Landing International&#x27;s integrated resort in the Philippines which will house a hotel, an indoor water park and a casino | via <a href="https://twitter.com/JessFenol?ref_src=twsrc%5Etfw">@jessfenol</a> <a href="https://t.co/nr2IqYL0qD">pic.twitter.com/nr2IqYL0qD</a></p>— ABS-CBN News (@ABSCBNNews) <a href="https://twitter.com/ABSCBNNews/status/1026685691504164865?ref_src=twsrc%5Etfw">August 7, 2018</a></blockquote><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script><p>Pagcor is also studying the implications of the reported arrest of Landing chairman Yang Zhihui, who is under investigation for suspected graft, said Domingo.</p><p>The agency&#x27;s lawyers initially said Yang&#x27;s personality &quot;as an individual is different from the corporation, which is Nayong Landing,&quot; she noted.<br/> <br/>Landing earlier said its <a href="http://news.abs-cbn.com/business/08/07/18/nayong-pilipino-project-to-push-through-says-hk-developer"><strong>casino project would push through</strong></a> and that its lease contract with the Philippine government was &quot;valid and effective.&quot;</p><p>NayonLanding, which will showcase Filipino architecture, is projected to generate monthly rentals of P360 per square meter, with P827 million in advance rentals. It will be built on Entertainment City, the country&#x27;s answer to Las Vegas and Macau.</p>

<p>The planned construction of a $1.5-billion theme park by the Nayong Pilipino Foundation and Hong Kong's Landing International may fall through if deemed illegal by the justice department, the country's gaming regulator said Monday.</p>

The planned construction of a $1.5-billion theme park by the Nayong Pilipino Foundation and Hong Kong's Landing International may fall through if deemed illegal by the justice department, the country's gaming regulator said Monday.

Nayong Pilipino resort's fate hangs on DOJ opinion - gaming chief

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Nayong Pilipino resort's fate hangs on DOJ opinion - gaming chief

Jamaine Punzalan,

ABS-CBN News

Published Aug 27, 2018 11:39 AM PHT

|

Updated Feb 11, 2020 02:57 PM PHT

Read More:

DZMM

Pagcor

Andrea Domingo

Nayong Pilipino

DOJ

Landing International

NayonLanding

casino

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