4:20 pm | Wednesday, October 1st, 2014
MANILA, Philippines — Integrated gaming resort developer Travellers International Hotel Group Inc. broke ground Wednesday for a new $1.1-billion gambling complex called Resorts World Bayshore City which will debut at Pagcor Entertainment City by the last quarter of 2018.
Travellers, a partnership between tycoon Andrew Tan’s Alliance Global Group Inc. and the Genting group, seeks to replicate along Manila Bay the success of Resorts World Manila, its first integrated complex in Newport City which is itself currently undergoing a major expansion program.
This second integrated gaming resort, which will rise on a 31-hectare site in Bayshore City, is a project of Resorts World Bayshore City, Inc. (RWBCI), a 95-percent subsidiary of Travellers.
The first phase of the Bayshore City complex will offer at least 1,500 rooms operated by international hotel brands such as the Genting group’s “Genting Grand” and “Crockfords Tower.” It was earlier reported that Westin, which is reentering the local market by opening a 600-room hotel in Bayshore City by 2017 while Okura Hotels & Resorts, a Japanese hotel chain, also recently signed a deal with RWBCI to open a 380-room “Hotel Okura Manila.”
The new complex will also have a 3,000-seat grand opera house, an upscale commercial complex, condominiums, cinemas, food and beverage outlets as well as conference and exhibition facilities.
“For the City of Parañaque, this means not only more jobs for ourselves and more revenues for the local government. More importantly, this means we are getting closer to becoming one of the biggest tourist and entertainment destinations not only in the Philippines, but in the entire Asia-Pacific region,” said Parañaque Mayor Edwin Olivarez.
“This means all four major locators are now officially in, although they are in different stages (of development),” he added.
The first complex in Pagcor City, Bloomberry Resorts Corp.’s Solaire Resort & Casino, opened early last year and is opening a new wing before yearend. City of Dreams Manila, a partnership between the SM group and Macau’s Melco Crown group, is set to open before year’s end. Another complex, Manila Bay Resorts of Japanese tycoon Kazuo Okada, is under construction.
“We expect that Travellers will be the biggest leisure and entertainment company in the Philippines, with the two Resort World Properties offering a total of about 5,100 hotel rooms,” said Travellers president Kingson Sian.
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