Landing International Development Ltd (LIDL) says it has received provisional approval to build a $1.5b resort casino in the Philippines’ capital of Manila.

On Wednesday, LIDL briefly halted trading on the Hong Kong Stock Exchange pending a major announcement. Later, the company revealed that its subsidiary Landing Resorts Philippines Development Corporation had received a provisional license to establish and operate a casino within NayonLanding, the integrated resort it plans to build in Manila’s Entertainment City gaming zone.

LIDL says the provisional license agreement it has reached with the Philippine Amusement and Gaming Corporation (PAGCOR) is valid for a 15-year term from the date issued or until July 11, 2033. Landing noted that the license doesn’t permit the resort to offer video streaming or internet gambling, unless PAGCOR declares otherwise.

LIDL has committed to spending at least $1b (and likely up to $1.5b) on its Entertainment City venue, which the company hopes to open by “early 2022.” The company has scheduled a groundbreaking ceremony on the development site on August 7.