Chinabank holds Emerald Bay casino land until it receives an acceptable offer
China Banking Corp will not sell the land beneath the stalled Emerald Bay casino project until it receives a price it considers acceptable, chairman Hans Sy said. The lender took control of the property after declining to renew the leaseback agreement; the project’s provisional gaming licence was later revoked by PAGCOR, the report said.
A sale decision will affect the prospects for the stalled Emerald Bay casino project in the Philippines.