TOKYO/MANILA: Philippine property firm Robinsons Land Corp and Japan's Universal Entertainment Corp <6425.OS> have ended talks over a planned joint development of a $2 billion casino-resort complex in Manila without concluding a deal, said two people with direct knowledge of the matter.
Universal, controlled by billionaire founder Kazuo Okada, had been in negotiations with Robinsons Land since late last year over what would be the Philippines' biggest casino-resort development. Those talks were extended indefinitely after the failure to close a deal by an initial target of end-January.
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