Filinvest pouring $200 Million into Clark casino

On May 20, it was announced that Filinvest would be pouring $200 million into their integrated casino resort in Clark City in the Philippines. This money will be invested as part of a provisional license that was granted by the Philippine Amusement and Gaming Corp (PAGCOR) for the Casino and resort operation that is part of Filinvest Development Corporation (FDC).

The $200 million will be used toward an elaborate project. This will include a casino, a five-star hotel, a multi-purpose venue for events, even a mall. This appears to be part of an overall strategy for Filinvest that they have been looking to employ since receiving the provisional license in April 2018.

Working with the PAGCOR, the intention was to build such an elaborate project that it would attract foreign tourists to the Philippines. Positioned close to the airport, FDC president and CEO L. Josephine Yap envisioned that this project would be one that would attract tourists from both inside the Philippines and across Southeast Asia and into Oceana.

At the time the provisional licensure was granted, Yap explained: