1M jobs, $11B sales seen from Pagcor Entertainment City

New guidelines to raise quality of project


INTERNATIONAL DESTINATION. The Entertainment City on Manila Bay is aimed to become “a multifaceted leisure and entertainment center that is internationally benchmarked,” says Pagcor chairman and CEO Cristino Naguiat Jr. PHOTO FROM PAGCOR.PH

The Entertainment City project that will rise along Manila Bay is expected to create as many as one million jobs for local workers, while raising the government’s gaming revenues by more than fourteen-fold, according to the state-run Philippine Amusement and Gaming Corp.

However, the state gaming agency imposed stricter guidelines on investors to further raise the quality of the development and to ensure that these goals are achieved.

“Pagcor is committed to creating a multifaceted leisure and entertainment center that is internationally benchmarked,” Pagcor chairman and CEO Cristino Naguiat Jr. said. “This way, the Philippines can compete with the best in the world and attract the lion’s share of tourists.”

At present, the country’s total gaming revenues amount to around $800 million annually, but Naguiat said that a fully operational Entertainment City would be in a position to corner as much as 10 percent of the $115-billion global gaming industry.

“A 10-percent share in the $115-billion global gaming pie will give the Philippines $11.5 billion in revenue, making the country an even bigger destination than Las Vegas in terms of earnings,” he said. “If we succeed, we will generate an additional one million jobs and bring in a million more tourists.”

Four investors—Resorts World Manila developer Travellers International Hotel Group Inc.; the SM group;  Bloomsberry Investments; and Japan’s Aruze group—have been licensed by Pagcor to develop the project.

One key commitment required from the licensees is for each of them to put up a hotel with at least 800 rooms prior to the opening of any casino. The minimum of 3,200 hotel rooms to be put up by the four licensees are expected to increase once tourist arrivals grow.

The licensees are also required to build a total of 250,000 square meters of leisure place, dedicating a maximum of 7.5 percent of the floor area for gaming. This will ensure that tourists will have access to not only casinos, but also to a variety of resort amenities and attractions.

“We want to make sure that all four players put in the appropriate investment to make Entertainment City Manila internationally competitive,” Pagcor vice president for licensed casino development Francis Hernando said. “With the licensees meeting stringent compliance standards, we can guarantee the quality of the developments and infrastructure in the project.”

The Pagcor chief said he was confident that the country’s strategic location in Asia and the local hospitality and service would be differentiating elements for the project.

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  • Anonymous

        I have seen a  country when tourism thrived , it reaps rewards from it.I worked in a cruise ship we arrive in an island off Honduras, Roatan.There where no paved roads just dirt roads and it  became muddy during the rains came in .The port was so small it could only allow oneship to port.You know what happened after two years of development ,its port can handle three or more ships .The roads are now brick layered to give a historic feeling and lined with shops ,souvenirs, restaurants,and watering holes.This what brings tourism to one country and that is only an island that part of a bigger country.Tourism is a thriving industry. Bahamas,Cayman islands, Singapore and other parts of the world give emphasis on tourism.Just one tourist spending, buying  a souvenir, food to follow up on his hunger and get a transport to view the vast richness of one country.That is a potential money for all us.Bahamas is an island has one biggest casino in the world,making it a huge profit for the island but not only the casino make it the prime destination but also it’s beaches.
         But with that potential to make  huge profit they should be  responsible to put the profit in good use.They are in fact under the president office.Sana naman alam ninyo kung saan gagastusin yung pera na collect ninyo hindi puro na lang projects that end to nothing at all.

  • Anonymous

    suntok sa buwan yan, sila sila lang ang makikinabang dyan.

  • Anonymous

    PAGCOR is legalized jueteng.  The government is promoting gambling !  HA!HA!HA!HA!


  • Anonymous

    HA!HA!HA!  No wonder Manila is the DENSEST CITY IN THE WORLD, physically and mentally, SURPASSING MUMBAI because all projects are in Manila !  HA!HA!AH!HA!  And they complain Manila is so sik-sik atsaka ma-init !  A!HA!HA!HA!AH!

  • Banana Na

    if this project is to be true, i hope the government has to limits local players to play this game, yes, it will creates many jobs but if theirs no government RULES for the local peoples to play, there will be many family will be destroy because of this is gambling, i hope government must makes RULE for local peoples must pay expensives entrances to this casino so that local peoples will think twice before playing in this casino like in SINGAPORE..

  • Don

    Hope they put more efforts in making this project into realization. This has been long overdue..

    • France

      Why overdue?  That is the question… It was stop 1 year for election time and another 1 year since new Government took charge.  Oh I forgot!!! It is more important to go after someone that sold 1B in coffee cups in 9 years…paid by the players… than to make this one happen soon!  Also, what happened to the 140M stole at the betting tables… the thief flying out with no problems since the complaint to the Court was reduced???

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