Japan-based Universal Entertainment Corp.'s MANILA BAY RESORTS to Rise in PAGCOR CITY in 2014

Japan-based Universal Entertainment Corp., known for its pachinko slot machines, will build the Manila Bay Resorts casino complex along Manila Bay said it aims to hire 15,000 local workers when it starts operations in 2014.

The $2-billion Manila Bay Resorts, which broke ground on Thursday Jan. 26, 2012, will have two casino hotels hosting 450 VIP and 600 luxury rooms and local and international restaurant chains. It also will feature a high-end shopping mall with over 150 stores, an indoor beach club topped with a huge glass dome and a large-scale fountain show attraction that would rival that of The Bellagio.

 The official Manila Bay Resorts rendering

 The man-made indoor beach covered in huge glass dome

Another 1,000-room budget hotel will be built within the resort to attract a wider market.

According to Kazuo Okada, Universal Entertainment Corp.’s chairman, they are open to tying up with foreign or local partners for this project, particularly the shopping arcade outside the casino hotels and the residential components of the resort complex.

Manila Bay Resorts is part of the Philippine Amusement and Gaming Corp.’s (Pagcor) Bagong Nayong Pilipino Entertainment Complex and is being developed by Universal Entertainment’s local unit, Tiger Resorts, Leisure and Entertainment Inc.

Universal Entertainment operates Wynn Resorts, a joint venture of Steve Wynn and the Aruze Group of Japan, and is the leading company in the slot machine manufacturing industry of its home country.

Aruze was dragged into the graft and corruption case of former Pagcor chairman Efraim Genuino, who allegedly used the 300 metric tons of rice the Japanese firm donated to typhoon victims in 2008 for the mayoral candidacies of his sons in Makati and Los Banos, Laguna.

 The interiors of the Manila Bay Resorts

Cristino Naguiat Jr., Pagcor chairman, said the Bagong Nayong Pilipino would beat Las Vegas in terms of total gaming revenues in five years.

For 2011, Macau reportedly booked $35 billion in total revenues while Singapore recorded $5 billion. Las Vegas’ total revenues were at $6 billion in the same year.

Naguiat said Pagcor's revenues for this year would grow by P6 billion to P7 billion from P36.65 billion in 2011. The state-run firm expects strong performance of its gaming tables and slot machines operations in different casinos and arcades.

It owns and operates 13 casinos nationwide under the name Casino Filipino. 

Kazuo Okada, (3rd from right) chairman of Universal Entertainment Corp. of Japan, leads the ceremonial piling and groundbreaking of the Manila Bay Resorts. Others in photo are: (from left) Maria Rica Bueno, Department of Tourism; Paranaque Mayor Florencio Bernabe; Jose Tanjuatco, Pagcor; Thadeo Francis Hernando,Pagcor; Pagcor chairman Cristino Naguiat; Okada; Lilia De Lima, PEZA director-general; and Jun Fujimoto, president of Tiger Universal.

article source : http://www.interaksyon.com/article/22885/manila-bay-casino-complex-to-hire-15000-locals