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Old February 20th, 2012, 08:02 PM   #1
InfinitiFX45
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PARAÑAQUE | City of Dreams Manila [mix]

Guys, I believe BELLE GRANDE Manila Bay Complex - Phase 1 deserves to have its own thread to avoid confusion. It's a lot better and/or easier to search on a single thread for everyone !!!

Quote:
Belle schedules Manila Bay casino opening for ’13

Sy firm sets aside $550M for complex’s development

by Doris Dumlao | Philippine Daily Inquirer | First Posted 02:07:00 04/30/2011

MANILA, Philippines—Belle Corp. expects to start operations of its $750-million casino complex near Manila Bay — a new project that will transform it from an upscale property developer to a premier gaming and leisure estate company — by the first quarter of 2013.

The soft opening of “Belle Grande Manila Bay” has been scheduled for the second quarter of 2012, but as it will take more time to finish the rooms, full operations may start in early 2013 or Christmas next year at the earliest, Belle vice chair Willy Ocier said on the sidelines of the company’s annual stockholders’ meeting late Thursday.

Belle itself plans to deploy about $550 million for the development of the casino, hotel, condotel and theater complex, while its partner Leisure and Resorts World Corp. (LRWC) will contribute $200 million for casino fit-out and working capital. The integrated gaming resort complex, between Macapagal Avenue and Roxas Boulevard, will offer 19,626 square meters of gaming space.

The first floor will be devoted to the mass market while 6,000 sq.m. will be reserved for VIP gamers.

It will have 350 tables and 1,900 slot machines.

The facility will also include six hotel towers with a combined 1,000 rooms, including 88 luxury suites.

The six-star all-suites hotel will be the first one to open, Ocier said, adding that Belle has tapped the Raintree group to manage the all-suites hotel portion.

“We have chosen the Raintree group, which is behind the Discovery brand, because they are very respected in the industry. They are homegrown and they are involved with us presently as consultant in hotels and F&B (food and beverage) operations,” Ocier said.

The first hotel tower is a five star all-suites hotel targeting VIP and junket gaming customers.

Tower 2 will be a four- or five-star hotel targeting mass gaming.

Belle is talking to other prospective hotel operators to manage the other hotels, Ocier said.

The casino will be 100-percent owned by Belle’s subsidiary Premium Leisure and Amusement Inc. (PLAI), which was earlier acquired from the SM group via a share-swap deal that, in turn, gave the family of tycoon Henry Sy a 66-percent interest in Belle.

LWRC and affiliate AB Leisure Global Inc. (ABGLI), which together will contribute $200 million to the project, will be entitled to half of the cash flow (earnings before interest, taxes, depreciation and amortization) from Belle Grande Manila Bay’s gaming operations.

Belle Grande will be run by APG Casino & Gaming Consultants, a group managing five casinos in Macau with 20 years of experience dealing with VIP casino operations in Asia.
Thanks and More Power to SSCers
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Old February 20th, 2012, 08:03 PM   #2
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Originally Posted by InfinitiFX45 December 29th, 2011, 04:40 PM - PARAÑAQUE | Resorts World Bayshore Thread (Post #169)

Quote:
Bagong Nayong Pilipino Entertainment City Manila



Source: http://imageshack.us/photo/my-images/829/pp2xm.jpg/sr=1
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Old February 20th, 2012, 08:05 PM   #3
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Originally Posted by InfinitiFX45 January 24th, 2012, 03:07 PM - PARAÑAQUE | BGX Entertainment Complex Thread (Post #3)

Quote:
Belle Grande Hotel and Casino Resort



Source: http://www.asyadesign.com.ph/home#
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Old February 20th, 2012, 08:08 PM   #4
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Originally Posted by reign

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I wish, SM would also build this egg shape structure (theater or convention center?) .Both structures are really nice. Halatang mahilig sa itlog ang SM !

image hosted on flickr
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Old February 20th, 2012, 08:11 PM   #5
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Originally Posted by DCRJ

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Originally Posted by DCRJ View Post
FRESH PHOTO UPDATES, taken by DCRJ (Dan C Rivera Jr)

Snapshots taken by me this morning Feb. 5, 2012 Sunday 7:30am
BELLE GRANDE MANILA









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Old February 20th, 2012, 08:14 PM   #6
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Originally Posted by crossboneka

Quote:
Originally Posted by crossboneka;88453565]
taken yesterday. so belle will be cladded in gold?



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Old February 20th, 2012, 08:41 PM   #7
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Originally Posted by romzangelo25

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Originally Posted by [romzangelo25;88725862]
image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr
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Old February 20th, 2012, 08:44 PM   #8
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Originally Posted by InfinitiFX45 January 24th, 2012, 11:53 AM - PARAÑAQUE | BGX Entertainment Complex Thread (Post #1)

Quote:
Belle’s $750-M Manila Bay complex on track

by Miguel R. Camus | Business Mirror | Monday | 23 January 2012 | 18:18

PROPERTY developer Belle Corp. remains on track to open its $750-million gaming complex in the Manila Bay reclamation project early next year, with the builder recently celebrating the ceremonial completion of its six hotel towers-considered a key requirement by the state-run Philippine Amusement and Gaming Corp. (Pagcor).

Belle Vice Chairman Willy Ocier said the hotels would offer the equivalent of 828 hotel rooms, or above the 800-rooms Pagcor requires before allowing Belle and other developers to open their respective casino facilities.

“We just topped off on all six hotel towers of Belle Grande and Casino Resort,” Ocier said in a text message. “We will start doing piling works on our BGX Entertainment Complex before month-end.”

Upon completion, Belle Grande will have over 250,000 square meters (sq.m) of gross floor area, including 17,000 sq.m of gaming space and more than 20,000 sq.m of retail and restaurant facilities, it said in a previous disclosure.

Ocier added that funding requirements are currently “all in place.” The builder last year completed a P4.5-billion stock rights offering that involved 1.51 billion shares at P3 each.

Ocier said earlier the developer could borrow fresh funds should it need additional capital for the project. It also tapped publicly listed Listed Leisure and Resorts World Corp. as operating partner.

The casino complex is part of a 25-year commitment by Belle to Pagcor which is spearheading the Entertainment City development

Other licensees are Travellers International Hotel Group Inc., a joint venture between Andrew Tan-led Alliance Global Group Inc. and Genting Hong Kong Ltd; Universal Entertainment and Bloomberry Resorts and Hotels Inc., led by port operations tycoon Enrique Razon Jr.

Belle, which is controlled by billionaire Henry Sy, rose 0.21 percent to P4.85 each on Friday, giving it a market value of P51.21 billion.

At present, the developer generates revenues from the sale of residential projects mainly in Tagaytay City and in Batangas. It reported earlier that net income in the nine months to September last year declined 77 percent to P76.3 million as revenues dropped by almost half to P478.51 million.

Source: http://businessmirror.com.ph/home/co...mplex-on-track
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Old February 20th, 2012, 08:49 PM   #9
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Originally Posted by InfinitiFX45 January 24th, 2012, 3:01 AM - PARAÑAQUE | BGX Entertainment Complex Thread (Post #2)

Quote:
Guys, I hope they would build this iconic structure to attract more tourist in the country !!!

Belle Diamant @ BGX Entertainment Complex



Source: http://www.asyadesign.com.ph/home#
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Old February 20th, 2012, 11:28 PM   #10
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Originally Posted by InfinitiFX45 February 7th, 2012, 11:45 AM - PARAÑAQUE | BGX Entertainment Complex Thread (Post #17)

Quote:
Belle Corp eyes $1B leisure project - govt official

by Rosemarie Francisco and Jason Szep | Reuters | ABS-CBN News | 02/07/2012| 8:15 PM

MANILA, Philippines - Property and leisure group Belle Corp. has told the Philippine Amusement & Gaming Corporation it wants to acquire a 10-hectare property within a casino-entertainment complex rising in Manila, the head of the state gaming firm said.

Development of the property would require at least $1 billion and would increase Belle's investment in the complex, PAGCOR chairman and chief executive officer Cristino Naguiat said on Tuesday.

"We have a letter from the Belle group requesting us for them to get that property," Naguiat told Reuters in an interview. "We told them to put more details into that letter on what they plan to do, and what they intend to do with the property."

Naguiat said his office received the letter from Belle, controlled by the country's richest man Henry Sy, a few weeks ago.

Belle had previously bagged a deal to develop an integrated entertainment resort complex called Belle Grande Manila Bay, which features a 30,000-square metre casino, within the over 100-hectare Entertainment City set to rise in Manila starting late this year.

Source: http://www.abs-cbnnews.com/business/...-govt-official
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Old February 20th, 2012, 11:37 PM   #11
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Originally Posted by InfinitiFX45 February 9th, 2012, 01:28 AM - PARAÑAQUE | BGX Entertainment Complex Thread (Post #18)

Quote:

Belle eyes additional 10 has. for 2nd casino at Pagcor City


by Zinnia B. Dela Peña | The Philippine Star | Thursday | 02/09/2012 7:25 AM

MANILA, Philippines - Leisure and gaming firm Belle Corp. is planning to lease a 10-hectare lot within the Pagcor Entertainment City along Manila Bay which it intends to develop into a second casino complex after its Belle Grande Manila Bay project.

In a disclosure to the stock exchange yesterday, Belle corporate secretary A. Bayani K. Tan said the company has requested the Philippine Amusement and Gaming Corp. for a lease proposal on at least 10 hectares of land at the 100-hectare Pagcor Entertainment City but pointed out that no agreement has yet been reached with the government.

Willy N. Ocier, vice-chairman of Belle, said the group would need to shell out $1 billion in fresh capital for the new 10-hectare site should Pagcor accept its proposal.

Ocier said Belle is now accelerating the development of its $750-million integrated resort complex, Belle Grande Manila Bay, which is slated for a grand opening in 2013.

Upon completion, Belle Grande will be offering a total of 880 hotel rooms under three brands of five-star and six-star quality, and will have a total gaming area of 19,626 square meters with 350 gaming tables and 1,900 slot machines. The first floor will cater to the mass market while over 6,000 sqm of space will cater to VIPs.

The group is looking to build an all-suites hotel to be managed by the Raintree Group of Discovery.

Aside from Belle, other franchise holders for the Pagcor Entertainment City are Japan’s Aruze Group, Andrea Tan’s Megaworld and Bloomberg Resorts of businessman Enrique Razon Jr.

The country is seeking to make gaming one of the pillars of the tourism industry as it eyes to corner at least 10 percent of the $115-billion global gaming pie.

Asia Pacific is seen as the fastest-growing region for casino gaming spending over the next five years and even surpass the United States as the world’s largest casino gaming market.

Growth in Asia Pacific would mainly be driven by the region’s economic growth and the subsequent rise in disposable income and growing interest by people for gambling.

Asia is forecast to chalk in revenues of $79.3 billion in 2015, up from $ 34.3 billion in 2010, with a compound annual growth rate of 18.3 percent.

Source: http://www.abs-cbnnews.com/business/...no-pagcor-city
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Old February 21st, 2012, 07:03 AM   #12
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WHow. ...I saw some jeepny passing directly in front of the casino ni some of the pictures. hopefully they can redirect those jeepney routes to some other roads to make this complex prestigious.
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Old February 21st, 2012, 09:10 AM   #13
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Quote:
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WHow. ...I saw some jeepny passing directly in front of the casino ni some of the pictures. hopefully they can redirect those jeepney routes to some other roads to make this complex prestigious.
why would you say that? the complex will still be prestigious even with those jeepneys around, in fact those jeepneys plying in front of it would make the place exotic for foreigners. as if you don't know that jeepneys doesn't exist outside the philippines. there's nothing low on jeepneys mr grey !
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Old February 21st, 2012, 10:04 AM   #14
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Redirect lang naman Sir!

I agree with Mr Grey's sentiments regarding the jeepneys. In the future, those roads will be a bit busier, so I think PUVs such as our humble jeepneys should be redirected. And honestly, OK sana if the jeepneys we have in that location are as good as the 'Old Jeepneys' we had back then. hehe.
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Old February 22nd, 2012, 01:45 PM   #15
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Murky past catches up with new PAGCOR
BY ROEL LANDINGIN

http://www.rappler.com/business/1687...H0LSfo.twitter
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Old February 22nd, 2012, 01:54 PM   #16
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double post
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Old February 22nd, 2012, 02:25 PM   #17
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Quote:
Originally Posted by noypiblazer View Post
why would you say that? the complex will still be prestigious even with those jeepneys around, in fact those jeepneys plying in front of it would make the place exotic for foreigners. as if you don't know that jeepneys doesn't exist outside the philippines. there's nothing low on jeepneys mr grey !


Sorry Mr Noypiblazer, I just think it doesn't look nice seeing people being smoke by this jeepneys while walking the red carpet going inside the casino complex or disturb tourist having coffee breaks outside the facility with the loud roar of the jeepney's accelerating speed, But if they can turn this jeepneys to electric jeepneys I bet it can help alot.
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Old February 22nd, 2012, 04:41 PM   #18
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teka naguguluhan ako, sabi second casino, saan ba yung 1st, saan yung 2nd?
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Old February 22nd, 2012, 05:32 PM   #19
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Originally Posted by miss the phils View Post
teka naguguluhan ako, sabi second casino, saan ba yung 1st, saan yung 2nd?
The second will be on the requested portion of land to be leased out. Belle wants to build another as expansion to the original plan. I suggest you back read.
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Old February 22nd, 2012, 05:37 PM   #20
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Lagi ka nman naguguluhan eh ! di kya ikaw ang magulo? magbasa muna kc bago magtanong !

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Originally Posted by miss the phils View Post
teka naguguluhan ako, sabi second casino, saan ba yung 1st, saan yung 2nd?
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