$10 Billion Project Moves Forward in Philippines

11 November 2008

Manila Standard Today reports that while many companies in Asia are reigning in casino construction plans, the Philippine Amusement and Gaming Corporation is pushing forward at full speed with its $10 billion project.

The state-run gambling company said construction of its Entertainment City on Manila Bay will commence in the start of 2009.

“We see no problems hampering construction,” a company official told the paper. “As far as we can see, our project is not affected by the financial crisis.”