Philippines richest family asks to build their own casino complex

The Philippines casino industry has been showing impressive growth, and now it looks like everyone wants to get in on the game. On May 20, Prime Asset Ventures Inc. (PAVI), the corporation of the richest family in the country, proposed a new casino complex called “Gold Coast Entertainment City.”

The Philippine Daily Inquirer reports the new complex would be built nearby Manila’s international airport “on a 10 to 15-hectare site.” It would be developed and operated by PAVI and its subsidiary Vertex Entertainment and Resorts Corp.

In the announcement, PAVI President Teodulo San Juan Jr. and Vertex President Caroline Cadelina wrote: “The project will include a casino complex, hotels, food and beverage and retail outlets and entertainment centers.” The letter was addressed to Las Piñas City Mayor Imelda Aguilar, who won her reelection bid on May 13.

Her city council will now have to discuss if they will clear PAVI to start construction on the project. As opposed to the Vertis North Solaire complex that will be built in Quezon City, they will be incentivized by this PAVI resort’s goals to cater mostly to tourists arriving at the airport.