Investors plan casinos despite Duterte opposition | Inquirer News

Investors plan casinos despite Duterte opposition

/ 05:11 AM May 05, 2018

DAVAO CITY—President Duterte’s public pronouncement against casinos is not deterring investors from planning to build one in the city that Mr. Duterte ruled for more than two decades.

A Quezon City-based company, PRIME Philippines, said negotiations were ongoing with the Davao City Investment Promotion Center for a hotel and casino.

PRIME is a company helping investors find ideal sites for projects and maintains an office here.

Article continues after this advertisement

Raphil Saguan, PRIME’s associate for capital markets and investments, told the Inquirer on Wednesday that two big-ticket projects being proposed for the city were local investments.

FEATURED STORIES

He declined to identify the investors, though.

Saguan said the investors planned to spend P1 billion on the hotel alone. He did not provide figures for the planned casino.

Article continues after this advertisement

He said the hotel and casino industry could bring more opportunities to Davao, which is considered the biggest central district in Mindanao. —JUDY QUIROS WITH A REPORT FROM ALLAN NAWAL

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: casino, Investment, PRIME, Rodrigo Duterte

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.