SkyscraperCity Forum banner
3M views 9K replies 735 participants last post by  tim7 
#1 ·
Pagcor, Greece's Loutraki Casino in talks for a project

BY LIZA REYES

State-owned gaming operator Pagcor said on Wednesday it was in talks with Greece's Loutraki Casino which wants to bid for the right to develop the first phase of the government’s 800-hectare gaming project in the capital.

The Philippine Amusement and Gaming Corp. (Pagcor) hopes to bid out the contract this year for the $10-billion development of the first phase covering 42 hectares, company chairman Efraim Genuino said on the sidelines of an international gaming conference in Manila.

“Loutraki is the biggest gaming operator in Europe. It’s from Greece,” said Genuino, who expects development of the first phase to be completed in two to three years.

“We're just finalizing the technical requirements before we start bidding them out. They're (potential investors) still waiting for the technical requirements so that they can comply."

The Philippines, which has a total public sector debt of P5 trillion or 87.7 percent of GDP as of June 2006, is eager for investments and the tax revenues gambling provides. Its casino monopoly Pagcor, which currently operates 13 casinos nationwide, is its biggest source of state income after taxes.

Genuino is hoping to hit the jackpot with the massive gaming and leisure project which would be built on an 800-hectare site of reclaimed land in Manila.

He was also hoping to generate more investments under a looser Congressional franchise.

Under the new Pagcor Charter, which is pending at bicameral conference committee, the Philippine casino operator may now enter into joint ventures with private investors.

The project, called Bagong Nayon Pilipino Entertainment City, is envisioned to be a total entertainment complex, complete with casinos, resorts, restaurants and a theme park.

"This will be a total entertainment package. It’s not just gaming but an entertainment complex for the family," Genuino said. “To attract tourists, we the design and approach to the project must be new compared to other Asian casinos.”
 
See less See more
#84 ·
#85 ·
hey, it would be awesome if they would build an Astrodome or a Stadium of some sort to hold major sporting events/concert etc.
 
#87 ·
It is actually part of the grand plan to include a sort of Sports statium.
Really? Hey, do you have the link for that video screenshot on ur last post?
 
#88 · (Edited)
King: Ano po iyan ang tawag po diyan is Entertainment City Manila and ang target po diyan is 800, as chairman said 800 hectares but right now po ang available lang po na lupa ngayon diyan is about 45 o 49 hectares.

Right now iyon ang hinahabol po natin diyan. Magre-reclaim pa naman ng land diyan.

Sa ngayon po ay mayroon ng 25% na nare-claim out doon sa 800 na sinasabi natin.
I would be cool if they reclaimed 600 (75% of 800 ha) more of land:)

Hopefully they will consider reclaiming the Centenial City (Boulevard 2000) project of FVR once Bagong Nayong Pilipino starts!


Here is the link to the video:
http://www.gmanews.tv/video/5042/Entertainment-city-like-Las-Vegas-to-rise-on-Roxas-Boulevard

I have more videos from ABS-CBN BANDILA I downloaded from now.abs-cbn.com, am I allowed to post them here or is it not allowed?
 
#89 ·
tnx for the link. I saw a little bit of what seems like an oval track with bleachers on both sides.... seems really really small though. And its not enclosed =/

...and by the way, how come the govt. doesnt even have a single bit of knowledge about it only until the press mentioned it? lol
 
#91 ·
Oh, here's an idea, configuring a Race Track around the City like they do in Monaco. The famous Moncao Grand prix of Formula One! hehehe... same as what they have in Macau (Macau Grand Prix) That would be heaven for all motorsport fans out there in the Phils (GreyX!) And ofcourse me lol
 
#92 ·
This project has been planned since 2002 I think, so its imposible that Malacanang did not know about it, and President Arroyo was at the groundbreaking for Bagong Nayong Pilipino, this was also one of her flagship projects that was on her 10-point agenda :eek:hno::eek:hno:

Maybe Malacanang forgot about it because it has been over 5 years with no progress until now:lol:
 
#93 ·
^^ That's being proposed by Singapore already in order for them to host an F1 race. One day a year, Singapore streets will be closed for F1 racing. That's just a proposal now but I don't think it will progress since the nearby Sepang circuit already hosts an F1 race.
 
#100 ·
i heard the new nayong pilipino is a major locator of this project, covering an area of 15 hectares and is also a part of phase 1 of manila e-city. also one thing i hate about this project, the design of the observation tower. very outdated. pagcor envisions this to be the tallest in the world, why not consider to redesigning it, like having a futuristic design like guangzhou's new tv tower and shanghai's oriental pearl tower? also make it not just an observation tower but also a communications tower, with a TV and Radio Center housing all of Manila's TV and AM/FM stations's broadcasting equipments,
 
Top