A massive fully integrated leisure and entertainment complex is set to take tourism to a whole new level in the Philippines. The $4 billion brainchild of the
Philippine Amusement and Gaming Corporation (
Pagcor), Entertainment City Manila will be developed over the next five years on a 254 acre plot of reclaimed land along the coast of Manila Bay.
“I am not just promoting the Casino, I am promoting the whole of the Philippines.
It’s not just about the gaming – it’s the scenery, and all the natural wonders you
can see in these islands.” Cristino L. Naguiat Jr.
Chairman and CEO of Pagcor |
Four licensees – Travellers International Hotel Group Inc., SM Group, Bloomberry and Aruze – will each build a total of 250,000 square meters of mixed leisure spaces. A maximum of 7.5 per cent of the floor area at the site will be dedicated to gaming, opening up the vast majority of the estate to a variety of resort amenities and family-friendly attractions, such as shopping, dining and entertainment venues.
“Pagcor is committed to creating a multifaceted leisure and entertainment center that is internationally benchmarked. We will also continue to emphasize the strength of our human resources,” says Cristino L. Naguiat Jr., Chairman and CEO of Pagcor.
Pagcor expects to transform the Philippines into one of the premier tourist destinations in the world. “A 10 per cent share in the $115 billion global gaming pie will give the Philippines $11.5 billion in revenue, making the country an even bigger destination than Las Vegas in terms of earnings,” says Mr. Naguiat. “If we succeed, we will generate an additional one million jobs and bring in a million more tourists.”
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