FDC secures Pagcor license for $200-M Clark resort/casino

Published April 5, 2018, 12:00 AM

by manilabulletin_admin


By James A. Loyola

Filinvest Development Corporation (FDC) and its subsidiary Mimosa Cityscapes, Inc. (MCI) have secured a provisional license from the Philippine Amusement and Gaming Corporation (Pagcor) for the development of a $200-million integrated resort within Filinvest Mimosa Plus (+) Leisure City.

“Filinvest Mimosa + Leisure City is envisioned to become the lifestyle destination north of Manila. Its enviable location close to Clark International Airport makes it accessible to both domestic and international tourists,” said FDC President Josephine Yap.

She noted that, “now that we have secured the provisional license, we foresee further upsurge in tourist arrivals upon completion of the various project components.”

Yap added that, “it is our intention to work with a leading casino operator who will align with our vision of a premiere destination. Visitors can look forward to Filinvest Mimosa + Gaming Estate with its offering of top-notch casinos and boutiques, among others.”

MCI has earmarked a total minimum investment of US$200 million for the project comprised of a casino, lifestyle mall, five-star hotel and events venue.

These will rise within the 201-hectare prime mixed-use sprawling townscape envisioned to become a premier leisure and business destination in the heart of Clark Special Economic Zone (CSEZ).

The project also includes the renovation of the existing Quest Hotel, the two championship golf courses and villas. This milestone brings Filinvest Mimosa + Leisure City closer to its commitment of developing the area into a world-class tourist and gaming destination.

This new development is expected to provide employment, investment and entrepreneurial opportunities, increased government income and more importantly, a boost to the tourism industry.