PRIME Philippines says it’s in talks with Davao City Investment Promotion Center for a hotel and casino in the area, local media reports.
The company says it’s helping investors to find ideal sites for projects.
Raphil Saguan, PRIME’s associate for capital markets and investments, told the Inquirer that two big-ticket projects being proposed for the city were local investments, without naming the investors.
Saguan said the investors planned to spend PHP1 billion on the hotel alone. He did not provide figures for the planned casino.
Davao was ruled for more than two decades by the now Philippine President Rodrigo Duterte who has stated his opposition to allowing more casino projects in the country.