Saturday, 4 April 2009

Investors committed to Philippines' gaming and hotel project

Manila Bulletin

Representatives of investors participating in the Bagong Nayong Pilipino-Entertainment City Manila of the Philippine Amusement and Gaming Corporation (PAGCOR) Friday reiterated their commitment to the multi-billion dollar project, and vowed to do their part to make it the next biggest tourism development in Asia.

They were among the panel of speakers at the Global Leaders Forum held during the Gaming, Tourism and Investments Congress of the Asia’s Gaming and Entertainment + Leisure Expo (Asia’s GEM) 2009.

Composed of key players in tourism, gaming and entertainment, the Forum participants included PAGCOR President and COO RafaelFrancisco, Austrian Gaming Industries Director David Orrick, Alliance Global Group, Inc. President Kingson Sian; ARUZE Corporation of America president Mikio Tanji, SM Hotel Corporation president Merrill F. Yu, and Dreamgate Corp. Bhd group executive director Mazlan Ismail.

During their engaging discussions, Orrick cited the Entertainment City project for its potential in providing wider entertainment options in the region while supplying jobs, and tourism enhancement opportunities. “This project will capture the imagination not only of the Filipino people but visitors from the outside. It supports the enterprise of gaming and tourism,” he said.

Francisco, meanwhile said that the first phase of the project is expected to be completed by year 2010, with major investors already on line to begin construction of their project concepts.

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