Cebu: The Next Major Gambling Destination

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March 21st, 2017
Back Cebu: The Next Major Gambling Destination

Goodbye Macau, and so long Las Vegas; there might be a new major gambling destination on the scene. In fact, rumor has it that the Philippine Amusement and Gaming Corporation (PAGCOR) is taking a serious look at the island of Cebu, and its potential to become the next serious gambling hub!

Chair of PAGCOR, Andrea Domingo, alluded to this vision at the recent ASEAN Gaming Summit, as a result of Manila no longer being a prime location, due to increased crowds. More specifically, the capital city is no longer the right fit for another major casino resort. Manila is already shrouded with four resorts, making up what is referred to as Entertainment City. They include the Solaire Resort and Casino, City of Dreams Manila, Okada Manila, all costing a steep, $1 billion each.

Cebu is a chief option because of its size, serving as the second-largest city in the country. It is also a convenient location for players from both local and foreign regions. The gambling community can expect to see action forming on the island of Cebu within the next 3 to 5 years, with PAGCOR having given a three-year timeline for the construction of a new land-based casino in the city. Two requests to begin the building process have already been approved, with one in Mandaue, and the other in Mactan.

In a comment to reporters, Domingo stated, “We listen to our investors. They asked us to give a five-year breathing space.”

Domingo also made mention of an expansion in the neighboring Pampanga province.

Source:

“PAGCOR eyes Cebu as Philippines’ next gambling hub”, Postrado, Leonard, calvinayre.com, March 21, 2017.

“Goodbye Macau, and so long Las Vegas”

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