‘Sorry to burst bubble’: Philippines to cancel Landing’s $1.5bn casino project in Manila
Philippines President Rodrigo Duterte will cancel Landing International Development Ltd’s $1.5 billion integrated casino project south of the capital Manila, his spokesman said on Tuesday. The statement came minutes after the Hong Kong-listed firm broke ground for the project at the 100-hectare Entertainment City strip, Reuters reports. The rental payment for the lease contract that Landing signed with a state-owned foundation in March was “unconscionable,” presidential spokesman Harry Roque said. “Sorry to burst your bubble, people, but the president said that is grossly disadvantageous to the government,” Roque told reporters.