Last Wednesday, CDC president Liberato Laus, Pagcor chairman Efraim Eugenio, and Pagcor president Rafael Butch Francisco signed memorandum of agreement (MOA) for the construction of a world-class casino, five-star hotel, restaurants, and resorts on a 13.5-hectare area here.
Laus said the project is expected to employ more than 2,000 workers once operational. He added that the project is being anticipated to jumpstart the development of a casino strip along Clark's commercial district.
He added that Clark has developed into a prime tourist destination after the Americans turned it over to the Philippine government in 1991.
"And since it was declared as a freeport last year, this former United States military facility became a preferred site of local and foreign investors for their tourism-related projects," Laus said.
There are now 34 tourism-related projects in Clark with a total committed investment amounting to P48.99 billion and are expected to employ 19,228 workers for the next five years.
Pagcor is a government-owned and controlled corporation created in 1977 by virtue of Presidential Decree (PD) 1067-A and was amended to PD 1869 on July 11, 1983.
