By Ben O. de Vera
Pagcor chair and chief executive Cristino L. Naguiat Jr. told reporters on Wednesday that present terms of reference are being amended so that the minimum capital investment of new entrants would exceed the only $1-billion requirement under existing rules.
The group of Japanese billionaire Kazuo Okada is preparing to hire about 8,000 workers to staff the initial phase of its integrated casino project in Entertainment City along Manila Bay in Parañaque City, which is scheduled to open in late 2015.
By the staff
Replicating a similar project in its shopping mall in Xiamen, SM Prime Holdings will harness energy from the sun to help power SM North Edsa. This is planned for installation and commissioning in the first half of 2015. The project is designed to generate about 1.4 megawatts at peak, SMPH chief finance officer Jeffrey Lim said.
By Miguel R. Camus
Travellers International Hotel Group Inc., which operates the Resorts World Manila integrated casino in Pasay City, is formally taking over the development of a $1.1-billion integrated casino project in Entertainment City.
By Doris C. Dumlao
A group led by taipan Andrew Tan plans to break ground for Resorts World Bayshore City, its second integrated gaming hub, which will rise in Pagcor Entertainment City, within the next 90 days, with the first phase expected to be completed by 2018.