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Casino

Philippines city may become home to $400M casino-resort

Friday 13 de September 2024 / 12:00

2 minutos de lectura

(Lapu Lapu City).- Alliance Global Group plans to build a $400 million casino-resort in Lapu-Lapu City, Cebu, Philippines, that would be composed of a two-story gaming area, a five-star hotel, villas, restaurants and a beachfront area. The company is seeking a gaming license from the Philippine Amusement and Gaming Corp. and, if approved, expects to begin construction in early 2025.

Philippines city may become home to $400M casino-resort

Alliance Global Group Inc. (AGI) may start building its $400-million casino resort complex in Lapu-Lapu City, Cebu province next year as the listed holding company widens its footprint in one of the country’s top tourist destinations.

AGI president and CEO Kevin Tan confirmed on Tuesday that they were in the process of getting a gaming license from the Philippine Amusement and Gaming Corp. after securing a letter of no objection from the local government.

Once AGI, through leisure and tourism arm Travellers International Hotel Group Inc. (THGI), gets its license, construction will begin early next year in time for commercial operations at the end of 2026, Tan told reporters on the sidelines of the Inside Asian Gaming Academy Summit in Pasay City.

He added that the casino resort complex would stand within real estate subsidiary Megaworld Corp.’s 30-hectare The Mactan Newtown township near Mactan-Cebu International Airport, the country’s second-largest gateway.

The project will have a gaming area on two floors, along with food-and-beverage outlet stores, villas, a five-star hotel and a beachfront, according to Tan.

“The beautiful thing about it is it will be across our convention center, the Mactan Expo,” Tan said, referring to his company’s recently opened P1.5-billion project. —Meg J. Adonis INQ
 

Categoría:Casino

Tags: Sin tags

País: Philippines

Región: Asia

Event

GAT Expo CDMX 2025

28 de August 2025

GAT Expo Mexico 2025 closes with an international agreement and the creation of FIJA Federation

(Mexico City, SoloAzar Exclusive).- The 2025 edition of GAT Expo Mexico culminated with a historic announcement: the creation of the International Federation of Games of Chance (FIJA), the result of an agreement between GAT Events and the main regulators in Latin America. This milestone marks a new chapter of regional cooperation in the gaming industry.

Friday 29 Aug 2025 / 12:00

A Latin American Gaming Network is born: GAT Expo CDMX seals historic alliance between associations

(Mexico City, SoloAzar Exclusive).- As part of GAT Expo CDMX 2025, a groundbreaking agreement was reached among LATAM gaming associations, announcing the creation of a new platform where they can share information and build common visions for the industry.

Thursday 28 Aug 2025 / 12:00

GAT Expo CDMX 2025 marks a milestone: strategic alliances, innovation, and regional vision for the future of gaming in Latam

(Mexico City, SoloAzar Exclusive).- With more than 390 attendees, an impeccable production and a top level agenda, GAT Expo CDMX 2025 got off to a strong start at Expo Santa Fe. The first day not only brought memorable conferences and key debates on the future of gaming in Mexico, but also an announcement that could transform the regional regulatory panorama: a collaboration agreement between GAT and the Iberoamerican Board of Regulators. And it is just the beginning.

Thursday 28 Aug 2025 / 12:00

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