Udenna Corporation plans USD 80M casino investment
The Philippine Amusement And Gaming Corporation (Pagcor) gave its provisional approval to the plan for Lapu-Lapu Leisure Mactan, which is to sit on a 29.6-acre beachfront plot near the city of Lapu-Lapu in the province of Cebu, a little over two weeks ago with Udenna Corporation explaining that it hopes to begin construction via its Udenna Development Corporation subsidiary by the end of the summer, Philippines Daily Inquire reported.
“Our investments in [Udenna Development Corporation] are anchored on our shared vision for the Philippines to become a premier destination for business and tourism,” read a statement from Dennis Uy, President for Davao City-based Udenna Corporation. “We hope to support the country’s manufacturing and tourism sectors, among others, through our property developments. We believe these will ultimately translate to employment and better living for the Filipino people.
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