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Higher investment floor for new gaming investors eyed

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The City of Dreams at its earlier stage of construction. State-run Philippine Amusement and Gaming Corp. plans to come out before yearend with a rule putting in place a higher investment requirement for new investors at its sprawling Entertainment City gaming complex along Manila Bay.

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.

Posted: October 23rd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Entertainment City’s casino project hiring 8,000 people

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.

Posted: September 26th, 2014 in Editor's Pick,Headlines | Read More »

Biz Buzz: SM going solar

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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.

Posted: September 26th, 2014 in Columnists,Inquirer Columns | Read More »

Travellers to develop $1.1B casino project

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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.

Posted: September 25th, 2014 in Editor's Pick,Headlines | Read More »

Resorts World Bayshore City set to break ground

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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.

Posted: September 17th, 2014 in Editor's Pick,Headlines | Read More »

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