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Pagcor releases P2B for classroom project

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PAGCOR, DepEd and DPWH inked a memorandum of agreement marking the 4th phase of the “Matuwid na Daan sa Silid-Aralan” school building program. The state-gaming firm provided an additional P2 billion for the project to fund the construction of more or less 1,500 classrooms in public schools nationwide. 

In photo (front row) are DepEd Secretary Bro. Armin Luistro (2nd from left), PAGCOR Chairman and CEO Cristino L. Naguiat, Jr., (middle), DPWH Secretary Rogelio Singson and other officials of the three agencies.

The Philippine Amusement and Gaming Corporation’s (Pagcor) has released an additional P2 billion for its “Matuwid na Daan Silid-Aralan” project, bringing its total contribution to the government’s school building program to a staggering P7 billion.

Posted: October 27th, 2014 in Latest Business Stories | Read More »

PH seen as next VIP gaming destination in Asia

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The Philippines is shaping up as the next VIP gaming destination in Asia as new integrated resorts rise at the Pagcor Entertainment City, which would allow the country to double annual gross gaming revenues to at least $3.5 billion by 2016 from last year’s level.

Posted: October 27th, 2014 in Headlines | Read More »

Pagcor eyes penalty for Japanese casino developer

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The county’s casino gambling regulator is likely to penalize the local unit of Japan’s Universal Entertainment Corp., led by billionaire Kazuo Okada, if it fails to open its $2-billion project in the Entertainment City complex by Manila Bay by March next year.

Posted: October 8th, 2014 in Latest Business Stories | Read More »

Bayshore resorts construction in Pagcor Entertainment City starts

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

The construction of the fourth and final complex that will make up the Pagcor Entertainment City in Parañaque began last week.

Posted: October 6th, 2014 in Latest Business Stories | Read More »

Mogul Packer buys Las Vegas casino site

This photo taken on July 2, 2014 shows constuction work going on at Australian mogul James Packer's new Aus$1.5 billion ($1.4 billion) Sydney casino in a prime location on Sydney Harbour. Billionaire Packer, who runs Crown, a worldwide gambling empire has been given the green light late on July 8, 2014 by the state gaming regulator taking it one step closer to winning final approval to be awarded a 99-year gaming licence and could start operating from November 15, 2019. AFP PHOTO/Peter PARKS

Australian mogul James Packer’s Crown Resorts has paid Aus$280 million (US$260 million) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market, the company said Monday.

Posted: August 4th, 2014 in Latest Business Stories | Read More »

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