Entertainment City

    Entertainment City, also known as Bagong Nayong Pilipino Entertainment City) or previously Pagcor City is Asia’s Las Vegas-like gaming and entertainment complex that PAGCOR proposed to offer on 8 square kilometers of land on the reclamation area of Manila Bay, Philippines.It lies the western side of Roxas Boulevard and south of SM Corporate District (SM Mall of Asia), part of Parañaque City. Investments to the project can reach up to $15 billion, which is scaled down from the more recent $20 billion budget announcement that had been previously announced in 2007. All investments will come from private companies.The project is officially named as the “Bagong Nayong Pilipino-Entertainment City”, and has been called several other names by the press. The most common name being referenced is “Entertainment City Philippines”. The site has been declared a PEZA approved economic zone.

    Related Articles

    Inaugural ASEAN Summit to showcase regional opportunities

    The Philippines has been one of the best-performing casino markets in 2016, with revenue from the properties in Entertainment City up 20 percent in 3Q, though operators from Vietnam and Cambodia are also posting strong results, highlighting the potential of these markets. AGB will be hosting the inaugural ASEAN Gaming Summit in March 2017 to […]

    GGR improvement for Entertainment City casinos

    Philippines’ gross gaming revenue in July has continued to improve, with the strong trend appearing sustainable until year end, said Maybank in a note on Tuesday. According to the brokerage, gross gaming revenue for Entertainment City casinos, including Resorts World, Solaire and City of Dreams Manila grew at 38 percent year-on-year in 16Q2, ahead of […]

    Pagcor orders Entertainment City casinos to pay up

    The Philippine Amusement and Gaming Corp. (Pagcor) has ordered the four casinos at Entertainment City to immediately restore the 10 percent license fee cut that was granted to them by the previous administration. According to a report from the Manila Bulletin, Pagcor chairperson Andrea D. Domingo said the regulator has already notified Travellers International Hotel […]
    Okada Manila

    Entertainment City casinos to feel the full brunt of license fees

    Philippines state-run gaming regulator will soon revoke the reduced license fees given to the four casinos in Entertainment City, according to the Manila Bulletin. Philippine Amusement and Gaming Corp chairperson Andrea Domingo said the Commission on Audit had already warned Pagcor about the imposition of special rates for some casinos, which costs the government billions […]
    Okada Manila

    Okada Manila official name for resort opening in November

    Tiger Resort Leisure and Entertainment has announced that Okada Manila will be the official property name of the new Manila casino resort opening in November. Okada Manila is the third integrated resort to complete the Entertainment City in Parañaque, featuring a 100 meter dancing water fountain and indoor beach, a total of 993 deluxe rooms, […]

    Stop the expansion of casinos outside Entertainment City: Ocier

    The next Philippine government should discourage the near-term expansion of casinos outside of Entertainment City, said Belle Corp. vice chair Willy Ocier, reports The Inquirer. Belle Corp. owns the City of Dreams Manila casino in Entertainment City. Ocier made the comments after Enrique Razon Jr, owner of the Solaire Resort and Casino in Entertainment City, […]

    Bloomberry chairman warns of oversupply

    Enrique Razon Jr. has warned of an oversupply of casinos in the Manila Bay area, with two more gaming complexes scheduled to open in the next two years, The Inquirer reports. “It’s too many, too fast,” said Razon, chairman of Bloomberry Resorts Corp. on the sidelines of the International Container Terminal Services Inc. annual general […]

    Universal Entertainment Corp expects 8.6 percent decline in profit in 2015

    Japan’s Universal Entertainment Corp has announced it expects to record an 8.6 decline in profit in the fiscal year ending Mar. 31 at JPY9.3 billion (US$81.9 million),  according to a recent announcement. The company, which is currently investing in the Manila Bay Resorts casino development in the Philippines, is run by gaming entrepreneur Kazuo Okada […]

    PAGCOR considers issuing licenses outside Manila

    The Philippines gaming regulator is considering issuing gambling licenses outside the capital of Manila, and plans to require new casinos to meet a $300 million minimum investment requirement, the country’s gaming regulator said in an interview with Bloomberg. The gaming regulator is “open to giving out a casino license if it can help boost economic […]

    Philippine gaming market will continue slump until 2016

    In a recent report by First Metro Investment Corp, the Philippine gaming market is expected to continue its decline, in line with the slowdown of gaming activities in Macau. In a report, FMIC said the Philippine gaming market is still highly correlated to the gaming market in Macau. “Listed Philippine casino and hotel operators have […]
    SHARE