Thursday, September 15, 2011
Places: Pagcor Entertainment City; a reality or just a fantasy?
The Philippine Amusement and Gaming Corporation is trying to create an Entertainment City that would rival that of Las Vegas. The Entertainment City on Manila Bay is expected to generate at least a million jobs locally and raise the gaming revenue of the Philippines by 14 times from the current $800 million annually to a staggering $11.5 billion in revenue. The plan if to succeed will bring in an additional one million tourists to the Philippines. According to reports from certain broadsheets in the Philippines that Pagcor have already licensed four investors to help develop the project, they are: Resorts World Manila developer Travellers International Hotel Group Inc.; the SM group; Bloomsberry Investments; and Japan’s Aruze group.
I would say that this is a very bold plan and project by PAGCOR and hopefully this materializes and not just remain as a plan. I think its about time that government officials come up with such plans to further boost the marketability of the Philippines.