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