Duterte’s financier bags license to develop $300M Cebu casino

State-run Philippine Amusement and Gaming Corporation (PAGCOR) has given the go-signal for the construction of the US$300-million integrated gaming resort in the holiday-island of Cebu.

PAGCOR chief Andrea Domingo has confirmed that the state regulator has awarded a provisional casino license to Filipino holding firm Udenna Corp.

Udenna Development Corp. is led by Filipino businessman Dennis Uy, one of the top campaign contributors of President Rodrigo Duterte during the 2016 Presidential election campaign.

According to the data available in the Philippines’ Commission on Elections, Uy donated P30 million (US$ 600,783) to Duterte’s campaign kitty.