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Old April 16th, 2010, 06:37 AM   #121
playfish
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Quote:
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after Aruze, Resorts World ECity will join forces too while Harrah's Entertainment and Planet Hollywood shoveling now their sands to construct hotels and casinos at Sm's backyard.

Resort World Ecity will hopefully comprise the Warner Brother Movie World Themepark, Kids Themepark, Hotels, and most importantly the 2,000 +++ feet Tower that would be the center piece of the entire project...
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Old April 20th, 2010, 10:07 AM   #122
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hi i just back read.... but when will the bnp start? is the pagcor tower gonna be built? or it will stopped by the naia? (hope not)
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Old April 20th, 2010, 01:07 PM   #123
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Verrrry nice Pics!


Thanks, the friends in Manila & Hong Kong!
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Old April 27th, 2010, 09:37 AM   #124
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I think they're going to name it "E-City Manila". This billboard was put up last week at the corner of Macapagal Ave. and Uniwide Coastal Mall (southbound, to Cavite). Further behind the billboard is Manila Bay.

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Old April 27th, 2010, 12:44 PM   #125
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hi i just back read.... but when will the bnp start? is the pagcor tower gonna be built? or it will stopped by the naia? (hope not)
That belongs to here.
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Old April 28th, 2010, 08:24 AM   #126
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nice.
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Old May 2nd, 2010, 01:10 PM   #127
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From:

The Global Downturn and the Case of the Entertainment City:
Managing the Challenges and Opportunities


One of the buzzwords that has come into general usage in PAGCOR or in the world of legal gambling is that of “Entertainment City” (or Integrated Resorts as they are known in other places like Macau or Singapore). Whether it is Integrated Resort or Entertainment City, jurisdictions made it clear that they did not want “just” casinos and dominated by a casino operator. So the mandate was to limit a very small propor tion of the actual physical facilities for casinos. The rest would be for hotels, theaters, convention centers, theme parks, museums, sports arenas, retail and food. Tourism remains the biggest export sector in the world. In a research prepared by global ana lyst, McKinsey & Company, more than US$600 billion in export re ceipts came from the tourism sector in one year alone. And this is one sector that represents a huge opportunity for the Philippines: Worldwide, direct receipts can reach a total of US$9.8 billion from both domestic and international travelers by 2010 from US$2.9 billion in 2000. Plus three million new jobs will be available and GDP for the tourism sector will grow up to 10%. And therefore tourism deserves to be a national priority. It is a growth engine.

By COO Rafael Butch Francisco

New trajectory for tourism

Philippine tourism got off to a bullish year in 2008 with 3.5 million arrivals and over US$5 billion in tour ism revenue. Although let me share with you that the study made by McKinsey & Company tells us that Philippine tourism has taken the wrong path since 1986. The trajectory where Philippine tourism was headed reflects historical break downs throughout the tourism business system. They include: lack of world-class clusters and existing sites with brand-named accommodations that are competitive enough at least in the region; and a weak culture of tour ism and security in the local government level. Boracay is still trying to be a world-class destination but still misses out on many things. Since the study was presented to Malacaņang in December of 2001, corrective measures were introduced and executed that includes a strategy to build clusters and attract big brands in select areas and create world-class destina tions in those clusters. The other key principles that will change the wrong trajectory include: marketing, remove barriers to invest ment and be aggressive in promoting and attracting in vestors and actively coordinate and manage the stake holders and other sectors from construction, media, utilities and others.

Integrated Resort concept

The concept of tourism clusters or Integrated Re sorts is in reality nothing new in the world of gaming. The year 1996 ushered a new era for Las Vegas in Ne vada, USA when Caesars Palace resort casino opened. Two years later, a heavily themed family resort casi no called Circus Circus continued the transformation of Las Vegas. These properties became models for future developments like The Mirage and Wynn. One can say that an integrated resort is really a eu phemism for a very large scale entertainment devel opment based around a casino. With any development involving capital in the billions, there are going to be a number of wide ranging economic benefits and multiplier effects accruing. The first round comes from the construction contracts and the re lated employment opportunities. The development of a multi-bil lion resort takes a minimum of two years and is likely to extend to three or more years when planning is included. If an appropriate income mul tiplier was around 1.4, the total economic effect of an inte grated resort project meeting the above parameters would be 40% of the construction budget. Local incomes in aggregate could be expected to in crease by about 40%. Of course, it is the actual open ing of the integrated resort that generates the greatest flow of economic benefits. Resorts tend to be labor in tensive, requiring large numbers of staff to service the various facilities and activities to offer to customers and guests. And the job opportunities are diverse. Another significant impact of integrated resort devel opments is the amount of consumable items required on a daily, monthly and annual basis to satisfy staff and guests. Operating expenses, maintenance, market ing and cost of goods sold will be substantial cost el ements of which a significant proportion will be pur*chased locally. Perhaps the most significant economic impact from the development is visitor impact. Integrated resorts will attract thousands of visitors daily.

Tourism Act of 2009

Our 14th Congress is in its final stage to pass into law a tourism bill known as “The Tourism Act of 2009” which will set the stage to address all these concerns to make the Philippines a premier tourist destination. PAGCOR is being tapped in the proposed bill to remit at least 25% of its revenue, to be taken from the reve nue share of the National Government for tourism pro motion and development. The creation of tourism enterprise zones is included in the bill. A tourism enterprise zone is like a one-stop shopping mall or an integrated resort with products and services from culture, shopping, museums, restau rants, retirement homes, sports, amusement centers or theme parks including gambling.

Anchor destination

PAGCOR‘s Entertainment City project in the bay area has the characteristics to be an anchor destination within the Manila Bay/ Boulevard 2000 tourism cluster. According to McKinsey & Co., the project is consis tent with their recommendation that the country active ly develop clusters to be known as tourism enterprise zones similar to the economic processing zones under the Philippine Economic Zone Authority. In an age when entertainment capitals like Las Ve gas or Macau come more and more to resemble one other, I can assure you that the Entertainment City re mains a delightful eccentric, determined to preserve its unique character. No other entertainment capital or integrated resort maintains such a fine balance between a deep love of its own Filipino traditions and the need to move, some what reluctantly, with the times.

PAGCOR purchased a 40-hectare site from the Phil ippine Reclamation Authority to develop it as a tourism zone called the Bagong Nayong Pilipino Manila Bay En tertainment City. To date, PAGCOR has given the green light to three major investors to commence building the Entertain ment City and invest at least US$1 billion in their ap proved glamorous, high-concept development plans. They are: Aruze Corporation, a Japanese maker of pachinko and slot machines and 22% owner of US gaming giant Wynn Resorts, which is investing US$2.5 billion; Travelers International, a joint venture company of Alliance Global of Filipino billionaire Andrew Tan and Genting of Malaysia. They are investing US$1.5 billion. And SM Investments of the Sy family which his put ting in US$1 billion to the project. All three have been issued provisional licenses to build and operate casi nos on their sites. Once completed, expect 7,000 new hotel rooms that will be added to the present 14,000 rooms in Metro Manila. Boracay has currently 4,700 rooms. With the opening of more resorts like Shangri-La Boracay, Bora cay Lagoon Resort, Boracay Beach Condominium and Agrias Suites, this will increase to 5,600 rooms by the end of this year.

Global downturn

Some of you may ask how the present global downturn is affecting PAGCOR’s Entertainment City. In the nick of time, we were fortunate to have con*cluded our agreements and deposits made by the three major investors one year ago today before the crisis began. In a gaming convention held last November in Las Vegas, delegates were in agreement that the Philip pines will be the last jurisdiction in Asia Pacific that will host the last of the expensive integrated resorts. An integrated resort in Macau or in Singapore cost investors to raise between US$2 to 4 billion. And since most if not all of their money are coming from or being raised by US-based companies who have been greatly affected by the recession, their projects today are expe riencing delays to be completed specially in Singapore. The economy of the small city state even contracted by minus 2% in 2008 and even projecting to contract be tween 6 to 8% this year. In the case of the PAGCOR Entertainment City, any delay is caused by technical or engineering issues. In any case, we hope to soft open Phase One of the Enter tainment City by late 2010.


Meantime, the Newport City hotel resort casino of Travelers International in Pasay City (Across the new NAIA Terminal 3) will soft open late this year. The New port City resort is part of the investment commitment of Travellers International. Some of you perhaps have visited Eastwood City in Libis, Quezon City. Megaworld’s successful concept of live, work and play in an integrated area such as in Eastwood City has been fused in Newport City and will even be better since Newport City will host a new de luxe Marriott Hotel, a high-end boutique hotel called Maxims and a world-class casino called Resort World by Genting.

Positive outlook

Our economic outlook is still good enough compared to most countries. This is the same with PAGCOR’s out look in gaming revenues. PricewaterhouseCoopers cited PAGCOR as the most promising jurisdiction in Asia Pacific with a compound ed annual growth rate of 17.9%. While the study was made before the global downturn, we reviewed the fig ures and have concluded that they are still achievable. I am not saying that casino gaming is recession-proof. That is a myth to say the least. I am saying what others have been saying that ”the Philippines is in a relatively strong position to weather the global downturn with the economy driven by private consumption and services, which are less vulnerable to external shocks.” The Philippines being inherently strong is what is helping PAGCOR. A bumpy if not bleak economy will always hound us especially because of CNN or BBC or even ANC. The pessimism there is affecting many countries. We have seen it happen when the US went into an economic downturn late last year. Most of us, if not all, were glued to our TV sets during the US campaign and election period up to the time of Obama’s inauguration as well as the financial crisis. I remember the late Vice President Emmanuel Pelaez saying in a casual statement about our world becoming one global village, he said: “If Jesus Christ chooses to return and appear to the world today, it would be much easier for people from all over the world to watch Him – how? Through CNN.”
Nice article to look at.
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Old May 2nd, 2010, 01:17 PM   #128
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If it's going to help the economy, then I guess it is a worthy project. Many places resort to gambling revenue to save their economy. New developments are also beneficial to the construction industry, let's just hope that the project will be given to local bidders to help strengthen their economy.
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Old July 21st, 2010, 03:14 PM   #129
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bago ang presidente natin, any news? mukhang tinatamad ng mag post mga tao dito a... hopefully na magpatuloy ang project na ito.
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Old July 21st, 2010, 03:24 PM   #130
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they are too busy buying cheeseburgers from McDonald's
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Old October 9th, 2010, 10:23 PM   #131
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Wala pa bang picture ng construction? Ano nang progress?
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Old April 6th, 2011, 10:19 AM   #132
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yeah PICTURES MAN PICTURES
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Old July 2nd, 2011, 07:19 PM   #133
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You are looking at what could be the Future Manila Bay Skyline. The proposed PAGCOR tower is missing but the inclusion of the new Marina is a welcome addition. Now, let's hope all goes well with the PNOY government so he can order the green light for the Bagong Nayong Pilipino Entertainment City Manila with Solaire, Belle, Genting Berhad via Star Cruises, Aruze, Megaworld and SM Land. Exciting for the Philippines!

http://www.juanprogress.com/2011/02/...ay-syline.html
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Old July 2nd, 2011, 07:24 PM   #134
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so if it will be accepted, it will look like this? kinda masterplan or what?
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Old July 2nd, 2011, 07:35 PM   #135
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Quote:
Originally Posted by P A L View Post
the future site of the Manila Bay - Pagcor Tourism City in the foreground

taken by Daniel Y. Go

it's still a long time to go... but imagine if all of those lots gonna be filled in future... STUNNING
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Old October 27th, 2011, 09:57 AM   #136
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Hilton's Big Comeback in Manila

Alliance Global, partnering with Hilton Hotels to put up Hilton Hotel in Resorts World Bayshore City and Boracay New Coast. according to sources Hilton hotels agree to this partnership because they believe being inside the resorts world bayshore city will be a sure big Comeback for hilton manila. It is set to be the flagship hotel of Resorts World Bayshore City

Manila Hilton in 1970's



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Old October 31st, 2011, 09:20 AM   #137
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Guyz singit ko lang...

guyz....come on!....wake up!...continue voting PUERTO PRINSESA UNDERGROUND RIVER....we still have time to vote before the voting trend ends in November...PLS!...PLS!..MAKE YOUR COUNTRY PROUD!!!



Pls vote...

www.new7wonders.com

Guyz...wake up...for the sake of our motherland...
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Old October 31st, 2011, 10:09 AM   #138
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thank you for supporting Puerto Princesa River God Bless
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Old November 3rd, 2011, 03:26 PM   #139
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Guyz...Cencia na kung makulit ako ah...hanggang nov. 11 nalang kasi yung voting period para mapabilang ang pambato natin na PUERTO PRINSESA UNDERGROUND RIVER...sa new 7 wonders of nature...

Guyz...we need unity at this time...

pls....continue voting PUERTO PRINSESA UNDERGROUND RIVER...and campaign it to your relatives and friends around the globe...

GO! AIM HIGH PILIPINAS!...

www.new7wonders.com
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Old November 3rd, 2011, 04:05 PM   #140
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Quote:
Originally Posted by mphirez View Post
Guyz...Cencia na kung makulit ako ah...hanggang nov. 11 nalang kasi yung voting period para mapabilang ang pambato natin na PUERTO PRINSESA UNDERGROUND RIVER...sa new 7 wonders of nature...

Guyz...we need unity at this time...

pls....continue voting PUERTO PRINSESA UNDERGROUND RIVER...and campaign it to your relatives and friends around the globe...

GO! AIM HIGH PILIPINAS!...

www.new7wonders.com

Vote now !
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