Casino operator invests billions in Philippines tourism
Major gaming operator, Alliance Global Group (AGI), is ramping up tourism investment in the Philippines with fresh plans for two existing resorts in Metro Manila. Taking its lead from Singapore, AGI will invest US$1.35 billion in non-gaming facilities such as hotels, conference centres and more high-end retail space.
At Resorts World Manila (pictured), the company is prioritising hotel development to create more accommodation space for visitors. According to the Manila Bulletin Publishing Corp, plans are in place for a new six-star hotel, two more five-star hotels, two budget hotels and 100 more rooms at the Marriott Hotel.
AGI President Kingston Sian said that investment at its second resort, Resorts World Bayshore, would be equal to or greater than this proposed investment as this is a larger resort. Plans are not yet available as the company finalises its master plan.
On announcing the plans, Andrew Tan, AGI Chairman, said; “We are extremely bullish about the prospects of the Philippine tourism industry. We have committed substantial resources to build up our capacity and be a major player in this sector.”
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