Manila Electric Co., the country’s biggest power distributor, plans to invest P1.16 billion put up a new substation that will ensure adequate and reliable supply of power for the 120-hectare Entertainment City.
The flagship development at the Entertainment City complex of Philippine Amusement and Gaming Corp. is set to open on Saturday with all the glitz and glamor tycoon Enrique Razon Jr. is known for.
The Philippine Amusement and Gaming Corp. (Pagcor) is still waiting for Japanese businessman Kazuo Okada’s group to settle the land ownership issue in its project for Entertainment City pending negotiations with local partner Robinsons Land Corp.
A $4-billion mega-casino complex is set to open in Manila in mid-March when the first of four franchise-holders starts commercial operations, the parent firm said in a disclosure released Wednesday.
While admitting that his antigambling campaign has become a “voice in the wilderness,” retired Archbishop Oscar Cruz on Friday warned of evils that can be lured into the country with the opening of big casinos in Manila early next year.
A deal between the business group of tycoon John Gokongwei Jr. and Japanese businessman Kazuo Okada is imminent and a preliminary deal may be signed “in a few days,” a reliable source tells Biz Buzz.
Universal Entertainment Corp. of Japanese businessman Kazuo Okada on Tuesday assailed the coverage of an international news agency on the alleged bribes paid by the gaming firm to a former consultant of state-owned Philippine Amusement and Gaming Corp. (Pagcor).
MANILA, Philippines—The head of the state-owned Philippine Amusement Gaming Corp. (Pagcor) sees the country becoming a key player in international gaming, accounting for up to a tenth of the global gaming market in a few years. In a statement that reported on the highlights of a recent regional forum, Pagcor chairman Cristino Naguiat Jr. [...]
A group led by taipan Andrew Tan is investing $550 million to complete by 2016 the first phase of Resorts World Bayshore City at the Entertainment City, a new entertainment hub that builds on the group’s success in operating the country’s first privately run gaming complex in Newport City.
Real estate magnate Andrew Tan has teamed up with Japanese tycoon Kazuo Okada to build the upscale residential condominium component of the latter’s $2-billion entertainment complex in Manila.
And now for a bit of good news: According to think tanks in business, the next big wave of foreign tourists coming to the Philippines will most likely start next year.
The Philippines can easily surpass the world’s gaming capital, Las Vegas, in terms of casino revenues once the Entertainment City project of Philippine Amusement and Gaming Corp. is fully operational, the head of the state-owned agency predicted.
