Filinvest secures Pagcor permit to build $200-m casino in Clark

The Gotianun family bagged a provisional gaming license from state-run Philippine Amusement and Gaming Corp. to build a $200-million casino and leisure development in Clark Freeport Zone, Pampanga province.

Filinvest Development Corp., the holding company of the Gotianun family, said in a disclosure to the stock exchange the group, together with subsidiary Mimosa Cityscapes Inc. secured a provisional license for the development of an integrated resort called Filinvest Mimosa + Leisure City.

“We thank Pagcor for granting Filinvest Mimosa + Leisure City the provisional license. They have been very efficient and helpful since we submitted our application and all the necessary requirements in 2017. We look forward to a fruitful partnership with them. We believe that this is a worthy investment,” FDC president and chief executive Josephine Gotianun said in a statement to the stock exchange.

Under the plan, MCI will invest at least $200 million for the project which would be comprised of a casino, lifestyle mall, five-star hotel and events facilities.  It would rise within a 201-hectare prime mixed-use sprawling townscape envisioned to become a premier leisure and business destination in the heart of Clark.

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

“Filinvest Mimosa Plus 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 inter national tourists,” Yap said.

“Now that we have secured the provisional license, we foresee further upsurge in tourist arrivals upon completion of the various project components. 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 topnotch casinos and boutiques, among others,” Yap said.

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

Filinvest Mimosa +Leisure City is a joint venture of FDC and Filinvest Land Inc.

Several companies also applied for gaming licenses with Pagcor ahead of the moratorium on new casinos.

Among those that were granted provisional license were billionaires John Gokongwei who is planning to build his first casino project in Cebu and Manuel Villar who is eyeing a casino development in Cavite.

Macau-based Galaxy Entertainment Group and ocal partner Leisure and Resorts World Corp. also secured a gaming license for their Boracay project.

Topics: Gotianun family , Philippine Amusement and Gaming Corp. , Filinvest Development Corp. , Mimosa Cityscapes Inc. , Leisure and Resorts World Corp.
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