07 Sep 2017
Lionsgate theme park developer eyes Philippines for next project
BY Tom Anstey
Landing International Development – the company which recently announced plans to open a fully-fledged Lionsgate theme park in South Korea – has set its sights on its next theme park target; the Philippines.
According to a statement released by the Hong Kong-based property developer, company chair and executive director Yang Zhihui met with Philippines president Rodrigo Duterte to present Landing International’s proposal to build a major theme park development and integrated resort in the country.
Following the meeting, it was revealed that the resort would become Asia’s first movie-themed indoor theme park, with plans also including a waterpark and additional family-friendly leisure and entertainment facilities.
“When opened, the branded theme park integrated resort will enhance the Philippines’ tourism appeal, and complement existing tourist attractions and resorts. It will also create significant employment opportunities for locals and returning Filipinos who are currently working overseas,” said Yang.
“We are honored to share with president Duterte and his cabinet team our vision for tourism in the country and our proposal to build an iconic international-branded theme park integrated resort in the Philippines that all Filipinos will be proud of.”
Landing International is fairly new to the leisure market, shifting its focus in recent years from residential developments to operation of leisure and entertainment resorts and casinos.
The company last week announced a HK$1.8bn (US$230m, €192m, £176m) share placement to finance the completion of Jeju Shinhwa World – a HK$24bn (US$3bn, €2.5bn, £2.3bn) integrated resort under development since 2013. That development will include a theme park based on Lionsgate movie IPs including The Hunger Games, Twilight and Now You See Me, as well as the upcoming Robin Hood, which comes to cinemas in March 2018.
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