MANILA: Philippine property firm Robinsons Land Corp and Japan’s Universal Entertainment Corp said they ended talks over a planned joint development of a US$2bil casino-resort complex in Manila without a deal.
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. The talks were extended after the failure to close a deal by an initial target of end-January.
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