Quantcast
Latest Stories
Home > Business > Latest Business Stories > 4 gaming firms licensed to operate

4 gaming firms licensed to operate


2:47 am | Tuesday, November 20th, 2012

A $2 BILLION entertainment complex will rise in the Pagcor Entertainment City.

Four license holders form the backbone of Philippine Amusement and Gaming Corp’s. (Pagcor) Entertainment City.

They are the SM group, through its gaming-and leisure-oriented unit, Belle Corp.; Japan’s Aruze Corp.; the Enrique Razon-owned Bloombury Corp.; and Travellers International Hotels.

Up to $4 billion in investments is expected to be poured into the project which will rise on a 120-hectare property reclaimed from Manila Bay.

Pagcor predicts that the fully operational development project would create direct and indirect employment for some 1 million Filipinos and generate gaming revenues of $11 billion a year.

The first of the four developments—Bloombury’s Solaire casino hotel—is slated for completion by the first quarter of 2013. Daxim L. Lucas


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=93874

Tags: Business , casinos , Gaming , Pagcor

  • japokjackpot

    guys if this entertainment city becomes successful, steve wynn will definitely follow. he will also invest in the philippines. do you know that Wynn macau casino employs a lot of world class filipinos? sheldon adelson will also follow. he will bring his Sands, Venetian and MGM casinos. We should be thankful Melco Crown of James Packer and Stanley Ho will be operational next year with Solaire Manila of Enrique Razon. Travellers is also upbeat. Their Resorts World Manila is already showing the world Philippines can do it. Philippines is the dark horse of Casino Hubs. It will create jobs and profits for the Philippines. SOON, it will no longer be casinos getting the nod and enthusiasm to do business in the Philippines.

  • ah_ok_fine12

    more jobs! thats the only thing i like about this

  • farmerpo

    $4B will generate $11B a year? Sounds like Aman Futures to me!!!!! Lots of monkeys to feed, wow!!

    • http://twitter.com/erncastillo ern

      This is a bigtime casino complex my friend! The winners will always pay tax. It’s just bringing the world’s top gamblers here. Only a handful of rich filipinos can afford to play here so generally, I do not see kababayans being lured to this.

      • 444mangyan888

        More than 50% of casino players in the present system are incurable yet incorrigible optimist gamblers. I hope they will strictly put out ways to discourage these small -time gamblers so that only those who are really with capacity to do away with their money are allowed to play.
        The casinos are not for the working class !!!



Copyright © 2013, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. SM launches Aura project
  2. World hypertension day: Know your numbers
  3. Stocks continue to decline
  4. Latest addition to Robinsons Malls’ growing family of shopping malls
  5. Mining output plunged 18% in 2012
  6. SM inaugurates huge complex at Global City
  7. Cebu Pacific readies direct flights to Phuket
  8. Gokongwei group planning IPO for retail unit
  9. Local stocks weighed down by PH-Taiwan rift
  10. Why everybody loves Ikea
  1. Ph racers may have been ‘taken for a ride’
  2. Central Luzon new ‘epicenter’ for property investments
  3. Malaysian bid to buy PH bank snagged
  4. SM inaugurates huge complex at Global City
  5. `Fast and Furious 6’ stars to visit Manila
  6. Biz Buzz: Ayala Alabang breakthrough
  7. Stock markets ride high, but beware of a fall–experts
  8. In Bulacan, hundreds of resorts make waves
  9. PDIC files charges vs Export Bank execs
  10. PH stock index breaches 7,300 for first time in history
  1. 2 Makati towers’ race to the top hits legal snag
  2. Moody’s: PH a rising star
  3. `Fast and Furious 6’ stars to visit Manila
  4. Russian billionaire Usmanov tops Britain’s rich list
  5. S&P gives PH second credit ratings upgrade
  6. Stung by Aquino harsh words, Chinoy traders turn stingy
  7. Ph racers may have been ‘taken for a ride’
  8. PH warned against risks of ‘overheating’
  9. Banks to defy Comelec’s ‘money ban’
  10. Central Luzon new ‘epicenter’ for property investments

News

  • First female general finds self in new battlefield
  • Dark horse beats veteran for governorship of Negros Oriental
  • Defeated Iloilo bet questions ‘electronic fraud’
  • Team PNoy, 9; UNA, 3
  • GSIS members won’t be penalized for employers’ failure to remit contributions, says general manager

    • Sports

  • US training pays off as returning San Beda nips FEU at Filoil Flying V
  • UE draws perfect game from Olivarez to thwart UST
  • Adamson bests CSB on Jericho Cruz’s 25-point burst
  • Report: Michael Phelps planning comeback
  • Former lawyer says OJ Simpson knew about guns

    • Lifestyle

  • Make the good choice with Android Handsets
  • Caribbean talks conservation on Branson’s island
  • My (forced) Boracay summer of 2013
  • Daisy Hontiveros Avellana–Why she will always be the ‘First Lady of Philippine Theater’
  • ‘The only thing wrong with the Filipino audience is that there isn’t enough of it’

    • Entertainment

  • Restored ‘Maynila’ debuts in Cannes
  • Banner year for PH indie films in Cannes
  • Vin Diesel slow and curious in Manila
  • ‘Star Trek’s’ latest installment takes viewers on a roller-coaster ride
  • Hits and misses in midterm polls’ TV coverage

    • Business

  • World hypertension day: Know your numbers
  • Mining output plunged 18% in 2012
  • Stocks continue to decline
  • AUB debuts strong on PSE
  • SM launches Aura project

    • Technology

  • Hong Kong launches first electric taxis
  • DepEd website now up and normal
  • Report: Yahoo nearing $1.1B acquisition of Tumblr
  • ‘Sonic’ video games coming to Nintendo
  • ‘Hatchet hitchhiker’ arrested in US murder

    • Opinion

  • Bolder and bigger
  • Shell shock
  • Passing the election test again
  • Of proclamations and dynasties
  • Our cherished gift

    • Global Nation

  • No alternative for Filipino workers in Taiwan, says recruitment expert
  • De Lima appeals for calm as NBI completes probe into Taiwanese fisherman’s killing
  • Mexico violence claims hundreds of US lives
  • Malacañang rejects Taiwan ‘murder’ claims
  • Foreign ships harass mayor of disputed isle
    • Marketplace
    Advertisement
    © Copyright 1997-2013 INQUIRER.net | All Rights Reserved
    skinner left
    skinner right