The casino resort complex, located in Lapu-Lapu City, in Cebu, will be built and run by a local company through an investment of US$ 500 million.
"Cebu is the second largest metropolis in our country,” said Andrea Domingo. "There are cities there near the airport where the local governments welcome casinos.”
This move
responds to President Rodrigo Duterte request to the Philippines gaming
regulator to grow gaming revenues and make the country a more attractive
destination for both business and leisure travellers.
The leader has given the governmental agency a target deadline of 2020 to make
the Philippines "the top gaming and entertainment destination in the
Association of Southeast Asian Nations (ASEAN).”
