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Old March 21st, 2007, 11:20 PM   #501
Edmundtanso
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skycity is on hold and imo the design is very awesome despite it's about 10 years old....
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Old March 22nd, 2007, 04:43 AM   #502
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Quote:
Originally Posted by Jhaelnis View Post
Pagcor all set for Phase I of ‘Entertainment City’

By Honey Madrilejos-Reyes
Reporter

STATE-CONTROLLED Philippine Amusement and Gaming Corp. (Pagcor) will start developing this year the first phase of the ambitious Bagong Nayon Pilipino-Entertainment City Manila, otherwise known as Pagcor City.

At the sidelines of the 2007 Asia’s Gaming and Entertainment Leisure Expo held Wednesday at the Hyatt Hotel and Casino Manila, Pagcor chairman and chief executive Efraim Genuino said Phase I consists of a resort hotel, a theme park and gaming centers.

“Our goal is to complete Phase I
in two years and immediately proceed with the second phase, which would involve residential villages and casinos,” Genuino told reporters. Phase III of the estimated $20-billion project would feature a hospital district, restaurants and commercial establishments.

According to him, it would take at least seven years to develop Pagcor City, which sits on 800 hectares of reclaimed land on Roxas Boulevard.

Once the franchise of Pagcor is renewed anytime soon, Genuino said they will enter into partnerships with various companies to forward the development of Pagcor City. The franchise of Pagcor is only good until 2008 but both chambers of Congress have reportedly approved the renewal and it is only awaiting the President’s ratification.

This early, he said, one of Europe’s biggest casino operators has already signified its plan to locate in the Pagcor City.

Pagcor, which ended 2006 with a gross income of P25.5 billion, operates 14 Casino Filipino branches, eight highly-exclusive Casino Filipino VIP clubs and three slot machine arcades in key cities.

Genuino has always touted the country’s big potential of becoming the Las Vegas of Asia, even beating the neighboring Macau, because “we have always at the radar screen of big-time investors from all over the world”.

“We have investors from all over Europe and Asia. With the Pagcor City, our goal is to generate as much as 250,000 jobs and also promote the tourism industry of the country,” he said.
Quote:
Originally Posted by SKYLINEPIGEON View Post
Pagcor plans $20-B 'Las Vegas' along Manila Bay

State-owned Philippine Amusement and Gaming Corp. is planning to set up a $15-$20 billion gaming and entertainment complex in the country which will be funded by foreign investments, a company official said Wednesday.

The development will be dubbed "Pagcor City" and will sit on 800 hectares of reclaimed land along Manila Bay.

"The project is a shift for gaming into entertainment. We will form a Las Vegas in the Philippines," Pagcor chairman and CEO Ephraim Genuino told reporters during a press briefing.

Genuino said investors from Japan, Europe, the United States and South Korea have already signified interest to finance the venture. He said 90 percent of the funds for the project will come from foreign investors.

The Japanese investors, the official said, are interested in developing a retirement village within the area for the rapidly expanding Japanese retiree market.

"Pagcor City" is expected to be finished within 2 years.

Construction of the first phase, which will include a resort, hotels, and a theme park, starts this year. The project has three phases all in all.

Genuino said Pagcor is not expecting the Catholic Bishops Conference of the Philippines to oppose the development because the state-owned gaming agency has helped with many of the Church's programs.

“The Church will understand it because we have been contributing a lot to their social projects," the Pagcor official said.

Genuino also said the entertainment and tourism offerings of "Pagcor City" may make it more acceptable to the Church.
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Old March 23rd, 2007, 06:37 AM   #503
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Metropolitan Manila Development News

Next in line after Macau and Singapore

$20B 'Entertainment City' to rise

Source

The Philippine Amusement and Gaming Corp. (Pagcor) yesterday said it will build a $20 billion gaming and entertainment complex in the 800-hectare land by the Manila Bay.

The complex to be called "Pagcor City", will signify the government gaming firm’s shift to entertainment, copying the Las Vegas template.

"With the proposed Pagcor City, we can catch up with Macau and Singapore," Pagcor chairman and CEO Efraim Genuino said.

The project site is the PEA-Amari reclamation site.

He said a group of Japanese businessmen planned to invest for Japanese retirees. Other partners in the project are from Europe, the United States and South Korea.

Paul Michael Boettcher, chairman and CEO of Storm International of Russia said they are interested in investing in the country.

"We’re here to expand our business in Asia, we’re interested in setting up business in the Philippines." Boettcher said

Genuino said the construction will be at no cost for the government, as foreign investors will finance the project. Pagcor will look for a master planner for the said project.

The Pagcor chief named the Loutrake group, as one of the locators in the Pagcor City. He claimed there will be multiple partners for this project.

To date, Pagcor is securing the technical requirements needed for the venture.

The phase 1 of the project will include a resort, hotels, and a theme park, which is expected to start construction this year and is expected to finish in 2 to 4 years. The first phase has an estimated 10,000 tables and 3,000 additional machines. They hope to start operating in three years. The project has three phases.

Genuino said the project will encourage more tourists coming in the country, as he expects that 80 to 90 percent of the revenues that will be derived when they start operating will come from tourists.

They hope to attract 10 million tourists in five years starting this year from 2.6 million in 2006.

Foreign gaming experts are optimistic with the Philippines, claiming lots of tourists will be coming here because in Macau, they have a hard time communicating, according to Tim Shiah, of Wynn Resorts Las Vegas and Macau.

The Jayport Holdings said the Asian legitimate casino industry is worth $4.1 billion and will grow by about 6 percent annually for the next 20 years.

The Far Eastern Economic review in its report said Asians are expected to spend $23 billion in casinos worldwide by 2010.

The worlds leading international gaming executives and experts are here for the Asia’s Gaming and Entertainment (GEM) plus Leisure Expo Conference 2007 at Hyatt Hotel and Casino from March 21 to 23.

"Asia’s GEM 2007 marks the paradigm shift of Pagcor from casino to entertainment. For our country to recover economically, we need tourism and for us to invite tourist to come here we need projects like Asia’s GEM and get the support of foreign investors," Genuino said.

Pagcor earned $25 million last year, up from 2005’s $23 million, wherein 90 percent of it came from business operations.


Related Stories

Wynn Resorts eyes Philippines


Greece's Loutraki Casino in talks with PAGCOR



Hotels, Hotels, Hotels

Quote:
Originally Posted by portludlow View Post
Ayala Land, Kingdom Hotel in $153M deal

http://www.abs-cbnnews.com/storypage.aspx?StoryId=69314
Ayala Land Inc., the Philippines' biggest property firm, and Kingdom Hotel Investments are jointly developing a $153 million upscale hotel complex in Makati.

In a disclosure to the Philippine Stock Exchange, Ayala Land chief finance officer Jaime Ysmael said the development of the 7,377 square meter property will comprise a 300-room Fairmont Hotel, a 30-suite Raffles Hotel and 189 Raffles-branded private residences.

Kingdom Hotel, a hotel and resort investment firm, is chaired by Saudi Prince Alwaleed bin Talal Abdulaziz Alsaud.
Quote:
Originally Posted by JAMAICUS View Post
Chinese mogul to invest up to $4B in RP
By Marvin Sy
The Philippine Star 03/22/2007

China’s second richest man has decided to invest between $2 billion to $4 billion in the Philippines, primarily to develop high-end hotels and residential properties.

Trade Secretary Peter Favila said an agreement between the Shimao Group of China and the Bases Conversion Development Authority (BCDA) would be signed today to pave the way for the multi-billion dollar investment.
Shimao Group chairman Xu Rongmao, who is listed by Forbes Magazine as the second richest man in China for 2006, personally met with President Arroyo last Tuesday night during which he announced his decision to invest in the country.

Favila revealed that the investment would go into the BCDA properties in Fort Bonifacio in Taguig, including the 35.5-hectare Jusmag property.

The group is also in the process of exploring sites in Palawan for an investment into the tourism sector.

http://www.philstar.com/philstar/news200703220701.htm

**Links to Metro Manila construction updates will be posted soon.

Last edited by JustHorace; March 23rd, 2007 at 06:50 AM.
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Old March 23rd, 2007, 06:45 AM   #504
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I thought Angeles / Clark would be Philippines' gambling city!
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Old March 23rd, 2007, 07:03 AM   #505
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Why? What evidence shows that Clark would be a gambling city other than Casino Filipino Angeles (Which Clark isn't even part of) and Casino Filipino Mimosa?
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Old March 23rd, 2007, 07:10 AM   #506
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PAGCOR Entertainment City
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Old March 23rd, 2007, 07:12 AM   #507
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Quote:
Originally Posted by diz View Post
Why? What evidence shows that Clark would be a gambling city other than Casino Filipino Angeles (Which Clark isn't even part of) and Casino Filipino Mimosa?
I more meant Angeles. There was a plan that they were gonna convert Angeles to a Las Vegas type of entertianment city. BTW, Angeles is one of Las Vegas' sister cities
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Old March 23rd, 2007, 07:18 AM   #508
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I had to check wikipedia, I didn't know they were related. Anyway, Clark belongs to Mabalacat, if Angeles is going to build a Las Vegas type of skyline, they have enough land in the southern part.
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Old March 23rd, 2007, 09:31 AM   #509
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Quote:
Originally Posted by diz View Post
I had to check wikipedia, I didn't know they were related. Anyway, Clark belongs to Mabalacat, if Angeles is going to build a Las Vegas type of skyline, they have enough land in the southern part.
It's also the vulnerability of the land. Remember the Mt. Pinatubo eruption? It buried several towns south of Angeles.
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Old March 23rd, 2007, 09:51 AM   #510
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True. We can't recover fully from such a disaster. When I took Tae Kwon Do lessons in Angeles, there was a bridge that collapsed from lahar flow, and you can still see its remnants in the Abacan River today . They built a temporary bridge that can only handle traffic going one direction. If you go to Mabalacat or Angeles today, you won't see nice grass growing in some areas no matter how much it rains. Like my front gate, there isn't grass growing there, it's only filled with dusty dirt.
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Old March 23rd, 2007, 11:42 AM   #511
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OT: well, it would surely take years before the land can fully recover. and we wont be expecting another eruption soon, not within hundreds of years at least.

anyways, I really hope E-city would really push through, and although the current design is stunning, hope that they could come up with much better design for the city.
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Old March 24th, 2007, 11:11 AM   #512
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GA Skysuites
Claims to be next Philippine's tallest. No confirmed height.




GA Stack
No information so far.
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Old March 24th, 2007, 01:17 PM   #513
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can someone post an updated U-C list of Metro Manila?
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Old March 24th, 2007, 02:50 PM   #514
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U/C's aren't supposed to be in this thread.
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Old March 24th, 2007, 04:57 PM   #515
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Century City
Quote:
Originally Posted by tcchua View Post
Thanks to mba2000 for sharing the link. I'll help post the renderings.









TC Chua
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Old March 28th, 2007, 04:02 PM   #516
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More Metro Manila Projects and Developments

The following are all u/c.

The Residences at Greenbelt
Thanks tyrone for the photo.


Saint Francis Towers
60-story Twin Towers


One Rockwell
Thanks Edmund Tanso for the photo.
52 stories (cylindrical building)/ 45 stories ('Z'-tower)


The Columns II, Legazpi Village
Thanks thomasian for the photo.
41 stories


One Corporate Center
Thanks Francis20 for the photo.
54 stories


Globe Asiatique Tower II
Thanks bustero for the photo.
60 stories
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Old March 31st, 2007, 01:24 PM   #517
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BGC Update.

Quote:
Originally Posted by IsaganiZenze View Post
by novellesteel from flickr



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Old March 31st, 2007, 10:47 PM   #518
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GA Skysuites

Quote:
Originally Posted by v_rod View Post


Scale model now in place at the GA sales office.

Open House / Launching will be on April 20, 21, & 22 2007.
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Old April 1st, 2007, 08:57 AM   #519
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Quote:
Originally Posted by diz View Post
[SIZE="3"]GA Stack
No information so far.
I don't like the design.
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Old April 1st, 2007, 06:04 PM   #520
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that N.E...W (oh for goodness' sake, this day is annoying) structure by global asiatic is weird...
it defies balance...
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