US$300m casino-resort announced for Philippines
Manila, Philippines – 4 May 2017 –
The Philippines’ Udenna Corp announced plans to build a US$300 million integrated casino-resort in central Philippines, the first such outside capital Manila, Reuters reported.
The nation’s gaming regulator is inviting investors to build casino-resorts outside the capital to accelerate growth in the gambling and tourism sectors despite a crackdown by China, a big source of high rollers, on wealthy punters.
Unlisted Udenna, a holding firm owned by one of the top campaign contributors of President Rodrigo Duterte, plans to start construction of the Lapu-Lapu Leisure Mactan in Cebu city in three … Read More