Pagcor’s Entertainment City
Resorts World Bayshore, a joint project of billionaire Andrew Tan’s Alliance Global Group Inc (AGI) and Malaysian-owned Genting Hong Kong Ltd, announced that it would formally open in 2018, after a two-year delay.
Phase 1 of the USD1.1 billion complex, which is being developed by Resorts World Bayshore City Inc, a unit of Travellers International Hotel Group, the AGI-Genting joint venture that also developed the successful Resorts World Manila, was initially slated for a 2016 opening.
Kingson Sian, AGI president, told local media that the 31-hectare property inside the state-owned Philippine Amusement and Gaming Corporation (PAGCOR)’s Entertainment City at Manila Bay was only recently turned over to the developers, causing the setback.
The urban lifestyle resort, which will comprise three luxury hotels with gaming facilities, a retail complex, a theatre, and a casino, will begin construction in Q4 2014, local news agency Rappler.com reported.
Bayshore will be competing with three other mega-casino developments in Entertainment City: Bloomberry Resort’s 16-hectare Solaire Resorts and Casino, which opened in 2013; Melco Crown Philippines’ City of Dream Manila, opening at the end of 2014; and the Japanese-owned Manila Bay Resorts, set to open in 2015. For our Project Inquiry, call +63917-3236123.
AGI chairman Tan, who was recently named the Philippines’ Real Estate Personality of the Year, also reportedly signed a partnership via his Empire East Land Holdings unit with Japanese property tycoon Kazuo Okada to build a 12.95-hectare luxury residential complex within PAGCOR’s Entertainment City grounds.
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