State-run Philippine Amusement and Gaming Corporation (PAGCOR) has approved the construction of a $200-million integrated gaming resort in Mimosa, a leisure estate in Clark, located in the northern province of Pampanga.
In a disclosure to the Philippine Stock Exchange on Thursday, Philippine property developer Filinvest Development Corporation (FDC) announced that it secured a provisional license to develop a casino resort near the Clark International Airport through its subsidiary Mimosa Cityscapes.
FDC President and CEO L. Josephine Yap thanked PAGCOR for approving the property developer’s proposal to construct an integrated resort located north of Manila, which she believes will help lure more foreign tourists to visit the country. The casino project will be called “The Filinvest Mimosa + Leisure City,” according to FDC.
“Now that we have secured the provisional license, we foresee further upsurge in tourist arrivals upon completion of the various project components. Its enviable location close to Clark International Airport makes it accessible to both domestic and international tourists,” Yap said in a statement.