Clark developments lure IR investors

The Philippine government has an ambitious plan to create a new green city in Clark, home to a former U.S. air force base, which it hopes will become Asia’s premier business hub. The area is already home to five operating casinos and more are planned along with developments in infrastructure, state-of-the-art MICE and office developments and world-class sports facilities. However, analysts are unconvinced it will rival Entertainment City as a gaming hub. “Clark is identified by the national government as the vision of a modern Philippines,” said Jing Arambulo, a senior manager in the Philippine Amusement and Gaming Corp’s communications department.  “The transformation of Clark Freeport Zone has attracted top investors, which include the entities that have been granted provisional gaming licenses by PAGCOR. It is foreseen as the next premier economic hub in the Asia Pacific region, with facilities for training, conferences, tourism and leisure,” she added. About 15...

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