90 Gaming
that the two companies will invest at least Bay Integrated City lies within the 5-ki-
US$1.55 billion on these large scale proj- lometre radius of NAIA (Ninoy Aqui-
ects, which will include several hotels and no International Airport), where local
a theme park as well as gaming and enter- regulations only allow buildings with a
tainment facilities. One of these projects, height limited to 56 metres in order to
‘Resorts World Manila’, was launched on protect the air travelling public.
August 28, 2009. It is a new gaming facil- PAGCOR developers and the Civil
ity project of US$700 million. Aviation Authority of the Philippines
The second investor is Japanese (CAAP) are negotiating a compromise.
pachinko manufacturer Aruze Corpora- There have already been some sugges-
tion, who purchased a plot of land for a tions to move the complex to possible
casino development in July 2008 and was different locations like Navotas, Calam-
granted a provisional license to construct ba or Santa Rosa, Laguna. A compro-
a casino facility by PAGCOR in August mise allowing the 100 metres tall infra-
2008. In its 2008 Annual Report the structures to proceed with construction
company confirmed it planned to con- could also be reached.
struct and operate a casino resort on the Parallel to these developments, the
site. The company will invest in excess of Philippines launched a new gaming facil-
US$1 billion on the casino development. ity on the 28 August, 2009. The ‘Resorts
The existing provisional license will be- World Manila’ is presented by PAGCOR
come an official license provided the con- as a ‘prelude of the forthcoming grandeur
struction project is completed on sched- that is the Entertainment City Manila’.
ule. The casino is due to be completed in Another significant area of growth
April 2010, followed by a hotel and other in the gaming market has been the ex-
facilities later in the year. panding off-shore gaming industry. The
In December 2008 Aruze also es- Philippines was one of the first Asian
tablished a new factory in the Philip- nations to liberalize its gaming laws to
pines to produce gaming machines. It allow remote gaming to operate from
seems that further investment is depen- its jurisdiction. These operations may
dent on the next presidential elections in be conducted by businesses based in
May 2010, and also the recovery from the Cagayan Special Economic Zone since 2003 when the Interactive Gaming
the global economic crisis. and Freeport (CSEZFP). Online opera- Act created the legislative platform for
Some uncertainties also exist con- tors are prohibited from offering games gaming in the CSEZFP.
cerning the construction of the PAG- within the Philippines or accepting wa- Licenses for remote gaming can be
COR city itself. It has been reported that gers on events taking place within the obtained from the First Cagayan Lei-
the proposed architectural project would jurisdiction. Given this prohibition a sure and Resort Corporation (FCLRC),
not comply with the local regulations. significant portion of the revenue from which is a subsidiary of Leisure and Re-
The actual plans involve the con- online gaming comes from China. The sort World Corporation - a company list-
struction of a huge Ferry wheel, which number of online gaming operators in ed on the Philippines Stock Exchange.
would reach about 135 metres. Manila the Philippines has grown dramatically In 2005 government monopoly
March 2010
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