PAGCOR Are Open For New Casino Investors Outside Manila
It resonant that leisure and entertainment industry are planning to expand outside Manila. According to PAGCOR, they are now open to give a chance to all investors to have a license to operate here in the Philippines with the condition that must abide by the business owners. First, PAGCOR required them to have a minimum investment of $300 million, to ensure a world-class a properties. And second, location are per approval, since they are allowed to build near cities and towns, they should also consider the people living near the area and the resources around them. The PAGCOR already issued a license to Japanese tycoon Kazuo Okada under the Tiger Resorts Leisure and Entertainment as one of the biggest casino investors with the amounting asset of $2 billion. The operations already started last December 2016. While Westside City Resorts may open by 2020. This resort casino agency is owned by Andrew Tan and Malaysian billionaire Lim Kok Thay. Investors’ interest in putting businesses here will benefit with us, despite the current issue to some online casino operators.
The government has good intention, to increase the economic status of the Philippines, to boost the local tourism, and to bring more job for Filipino people in the online casino. Adhere to this is the challenges in terms of projects for infrastructure advance in accessing the entertainment city.