MANILA | PAGCOR City Development News

[flymordecai]

Wiki:

PAGCOR City is the name of a Las Vegas like gaming and entertainment complex that PAGCOR is planning to build on 8 km² of land on the reclamation area of Manila Bay. The project is expected to include between $15-20 billion of investment over three phrases[1]. The first phase could include up to $10 billion of investment and take two years to complete. One of the major locators is the Bagong Nayong Pilipino, which was allocated with 15 hectares of land and already broke ground, which decided to move into PAGCOR City after the closure of its old site in Pasay City due to the construction of the Ninoy Aquino International Airport Terminal 3. The complex is the brainchild of PAGCOR's current chairman and CEO Efraim Genuino and will contain, aside from the Bagong Nayong Pilipino, five-star hotels, amusement parks, educational and cultural complexes, shopping malls, a commercial district, a sports stadium, restaurants, convention halls, state-of-the-art theaters, gaming centers, race tracks, residential villages, a hospital district, and other facilities at par with international standards.

The full name of Pagcor City is Bagong Nayong Pilipino - Manila Bay Integrated City. Quite a mouthful.

A draft of the masterplan:



A render of the Pagcor Tower and the development:




BIG news about the major projects that will be in PAGCOR City:

ARUZE, GENTING, SM, BLOOMBERRY,
GLOBAL TO INVEST $3B EACH
Pagcor unveils $15B gaming projects

By GENIVI FACTAO

The Philippine Amusement and Gaming Corp. (Pagcor) yesterday unveiled four gaming and tourism projects near the Manila Bay and the international airport that will reach $15 billion.

Pagcor chairman and CEO Efraim Genuino said the companies are Aruze Corp. of Japan, Genting Berhad Group from Malaysia, SM Investments Corp. and Bloombery of Australia and Global Alliance with Star Cruises.

Each group will invest up to $3 billion and create 250,000 new jobs for the giant entertainment complex off Manila Bay and adjacent to the SM Mall of Asia.

Initially their investment would amount to $7 billion to $10 billion in 3 to 5 years. Construction is expected to start on the third quarter. The groundbreaking ceremony is set today.

Aruze Corp in a tie-up with Wynn Resorts, operator of Las Vegas and Macau casinos will build the Okada Resort Manila Bay including a casino with 2,000 room hotel, an oceanarium, and a giant Ferris wheel that will be known as the Manila Eye, after the London Eye.

Genting Berhad and Star Cruises will partner with Global Alliance, owner of McDonald’s Philippine franchise and Megaworld Properties will develop the Bagong Nayong Pilipino theme park.

SM will be building near the Mall of Asia a world class gaming facility in partnership with Asia Pacific Gaming from Australia. It also plans to construct a major luxury hotel to be managed by Radisson Hotels and Resorts.

Bloombery on the other hand, will be building 3 luxury hotels with a total capacity of 1,500 rooms with high end retail shopping, celebrity themed dining and a major entertainment and sports center.

Kazuo Okada, chairman of Aruze said "the most important thing in this investment is to attract all the people in the world and make them feel the fun and have pleasant experience We are pleased to have the opportunity to be involved in this area," Okada said.

Andrew MacDonald, executive vice president said the most important thing is to identify the market, plans, analyze, conduct research, test and modify the plans when needed.

"We recognize the partnership. We worked with the government to make sure that the operations are good for the community so the government may be proud of the development that we bring forward," MacDonald said adding that "it takes a strong and powerful regulatory body to move these things forward."

Genuino said the signing of the contract is expected to commence as early as second quarter of the year, after the proponents have submitted all the requirements.

The gaming and entertainment complex will be initially built across the 90- hectares of prime reclaimed land on the world-renowned Manila Bay.

The Star-Global partnership will see the cruise and gaming operator paying $335 million for half of an Alliance unit.

Star Cruises will buy half of Travellers International Hotel Group Inc, which has applied for a provisional gaming licence, with an eye to developing hotel and gambling resorts at the Philippines’ Newport City, adjacent to Manila’s airport.

In addition, Star Cruises plans to form a joint venture with Travellers — of which Star plans to own 40 percent — to develop another project in Pagcor City, which is nestled up against Manila Bay.

[skyphire]

nice I hope they start it as soon as possible. I want to see pictures of developments in Bay City!

[Waldenstrom]

i hope they'll change the name!

[ryanr]

delete

[flymordecai]

This thread is for the whole Pagcor City development, the Supertalls thread is for the Pagcor Tower.

[flymordecai]

Originally Posted by guest8888

Pagcor published a half page press release today with a picture of the complex that will have a semi submersible observation wheel. heres the same picture. look at the bottom of the observation wheel. notice how it dips into a man made lake? what did i say earlier!!!

The pagcor tower will be built by pagcor and will serve as their headquarters. The architect is local firm called JT Cruz and Partners. If they truly want to make this world class, they should hire an international firm known for making iconic landmarks and design a symbol not just for the complex but for the "new" philippines. they should learn from landmarks like the petronas twin towers (used muslim motifs, symbolic gateway to malaysia), burj dubai (billowing sail, a symbol of new dubai) or the beijing national stadium (birds nest, green olympics)

This is coming from a reliable poster who have posted information about the observation tower even before it was confirmed!

[diz]

wow. he predicted a ferris wheel that dips into the ocean. that's creepy.....

but I like it. Also... I didn't know the birds nest stadium was to symbolize green olympics.. now I appreciate it much more.

[nakoi28]

^it is the first of its kind in the world right?

[psyche_ot]

The observation wheel is not too original, a copy of the London Eye..

[nakoi28]

lets say pioneered but not copied.

[jcb]

Do the london eye submerge in the water they are different!imho

[dattebayo]

the 2 projects of the E-city that im hoping to push through is the observation tower and the train system. I'll keep my fingers crossed.

[Waldenstrom]

Originally Posted by psyche_ot

The observation wheel is not too original, a copy of the London Eye..

not really, as you can see, this one looks like a dreamcatcher.

[benchjade]

any latest news?

[diz]

obviously not..
please be more patient.

[P A L]

the future site of the Manila Bay - Pagcor Tourism City in the foreground

taken by Daniel Y. Go

[Waldenstrom]

new las vegas by the bay! perfect location!

[Culiat]

I read from somewhere that Manila is bidding for Expo 2020 with the theme of Light and Life which will be held on this area.

for more info http://www.expomuseum.com/2020/

[-XoX-]

Originally Posted by diz

wow. he predicted a ferris wheel that dips into the ocean. that's creepy.....

but I like it. Also... I didn't know the birds nest stadium was to symbolize green olympics.. now I appreciate it much more.

I think it's gonna be cool to have a ferris wheel like that.

[nakoi28]

Im excited about the tower.