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| Pagcor City |
| Friday, 18 January 2008 14:56 | ||
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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.
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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. 