Entertainment City Philippines will be
one of the most important tourism gateways into the Philippines.
The Philippine Entertainment City will
have 5,000 hotel rooms built on a 100-hectare complex with in the Manila Bay
area.
Upon full completion, it will
accommodate up to a million tourists annually who will enjoy over one million
square meters of hotels, shopping, gaming and entertainment.
FAST FACTS ABOUT THE ENTERTAINMENT CITY:
• Each proponent is committed to invest at least US$1 billion for the resort they are building in Entertainment City.
• Strict Compliance guidelines or minimum development standards required to operate casinos in the Entertainment City:
o Each proponent is required to invest at least US$650 million of their US$1 billion commitment.
o Each proponent must construct a minimum of 800 hotel rooms.
o Each integrated resort must have a minimum of 250,000 sq. m. of gross floor area,
with each proponent’s gaming area not exceeding more than 7.5% of their gross floor area.
o Each proponent is required to have a minimum of 20,000 square meters of retail spaces.
o Each integrated resort should provide a thematic attraction worth at least US$20 million.
• Benefits to be derived from the Entertainment City project:
o Aside from the minimum 4 billion US Dollar investment commitment, the Entertainment City project will foster large-scale development.
o The resorts will have a capacity to accommodate a million tourists anually.
o Based on the Philippine government’s tourism blueprint, the National Tourism Development Plan (NTDP)
seeks to achieve for the country 10 million tourist arrivals by 2016.
That means one tenth of the target for the whole Philippines can be generated from the Entertainment City.
o The project is also expected to provide direct local employment of at least 40,000.
FAST FACTS ABOUT THE ENTERTAINMENT CITY:
• Each proponent is committed to invest at least US$1 billion for the resort they are building in Entertainment City.
• Strict Compliance guidelines or minimum development standards required to operate casinos in the Entertainment City:
o Each proponent is required to invest at least US$650 million of their US$1 billion commitment.
o Each proponent must construct a minimum of 800 hotel rooms.
o Each integrated resort must have a minimum of 250,000 sq. m. of gross floor area,
with each proponent’s gaming area not exceeding more than 7.5% of their gross floor area.
o Each proponent is required to have a minimum of 20,000 square meters of retail spaces.
o Each integrated resort should provide a thematic attraction worth at least US$20 million.
• Benefits to be derived from the Entertainment City project:
o Aside from the minimum 4 billion US Dollar investment commitment, the Entertainment City project will foster large-scale development.
o The resorts will have a capacity to accommodate a million tourists anually.
o Based on the Philippine government’s tourism blueprint, the National Tourism Development Plan (NTDP)
seeks to achieve for the country 10 million tourist arrivals by 2016.
That means one tenth of the target for the whole Philippines can be generated from the Entertainment City.
o The project is also expected to provide direct local employment of at least 40,000.
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Project: Belle Grande
Total land area: 6 hectares
Full completion date: 4th Quarter 0f 2013
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Project: Manila Bay Resorts
Total land area: 44 hectares
Full Completion date: end 2016
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Project: Solaire Manila
Total land area: 16 hectares
Full completion date: 2013
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Project: Resorts World Manila (Operational)
and Resorts World Bayshore
Total land area: 30.5 hectares (excluding Resorts World Manila)
Completion date of RW Bayshore: 4th Quarter of 2016
For details pls. contact:
Marisse S. Tabor
Prc. Licensed 0007266
MANILA BOARD OF REALTORS INC.
MARHO REALTY - ASIAWORLD HOMES
Contact: 0927 929 1928
Landline: 02 517 8493
"LET US SAVE OUR REMAINING 5% PHIL. FOREST COVER"
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