The Philippines casino market may get a new Chinese entrant, assuming the country’s mercurial president doesn’t object.

On Monday, the Cagayan Economic Zone Authority (CEZA) announced that it had signed a memorandum of understanding with Chinese conglomerate Shanghai Jucheng Supply Management (SJSM) on an integrated resort casino project in the Cagayan Special Economic Zone and Freeport.

CEZA administrator Raul Lambino said the resort would be modeled on similar facilities on South Korea’s Jeju Island. The economic zone’s location in northern Luzon boasts white sand beaches and other natural wonders that would seemingly offer a good fit for any resort casino project.

The Jucheng Group has no casino or resort experience, as the company’s website says it’s focused on “bulk commodity trade, customs clearance service, quarantine inspection service, manufacturing, logistics and non-performing assets disposal.”