Subscribe

RSS Feed (xml)

Powered By

Skin Design:

Powered by Blogger

Google
 

Tuesday, April 8, 2008

Travel News: Universal Studios Theme Park Soon To Rise In RP

Universal Studios theme park soon to rise in RP
By Zinnia De La Peña
Monday, April 7, 2008
The arrival of a Universal Studios theme park in the Philippines is creating a huge buzz after the Genting Berhad Group secured the Philippine Amusement and Gaming Corp.(Pagcor)’s nod for its proposed project within the Las Vegas-like Bagong Nayong Pilipino-Manila Bay Integrated Tourism City.

Pagcor chairman and chief executive officer Efraim Genuino said the Genting Group has committed to develop 35 hectares of the 90-hectare prime reclaimed land facing Manila Bay into a world-class tourist destination.

Genuino said the Genting Berhad Group is planning to invest $3 billion in the Manila Bay Integrated City, the Philippines’ biggest tourism development project.

The Genting Berhad Group owns the Genting Highlands Resort in Malaysia and holds the exclusive development rights of film giant Universal Studios in Asia. It has teamed up with its subsidiary Star Cruises and Alliance Global Inc., the listed investment holding firm of retail tycoon Andrew Tan, for its proposed project in the $15-20 billion casino resort complex along Manila Bay.

Genuino said the Genting Berhard Group’s proposal includes the development of leisure and entertainment facilities including a theme park, state-of-the-art theaters, amusement and cultural centers, retail and gaming center and hotels.

Universal Studio’s movie-theme Hollywood park has 13 attractions based on movies including Shrek, Jurassic Park and The Terminator. Excluding its restaurants and theaters, the theme park alone draws about four million visitors a year.

Besides Hollywood, Universal Studios has other parks in Orlando, Barcelona and Osaka, Japan.

Another investor group, Aruze Corp. of Japan is planning to put up an integrated resort featuring a hotel with 2,000 standard rooms and 300 VIP suites; a major oceanarium targeted to be the world’s largest; theaters, a sports arena, a Holy museum and a giant ferris wheel similar to the London Eye to be known as the Manila Eye.

The Aruze Group is likewise infusing $3 billion in capital for the development of 40 hectares of land in the Manila Bay Integrated City.

Genuino said Aruze, a leading gaming machine maker known for its ties with the popular Wynn Resorts in Las Vegas and Macau, may start development of its project in the second quarter this year which may take two years to complete.

Other groups whose project concepts have been approved by Pagcor include Bloomburry Investments Ltd. of Australia which will develop 15 hectares of the reclaimed prime land, and the SM Investments Corp. (SMIC).

Bloomburry plans to build a hotel, sports arena and other tourist attractions.

Genuino said SMIC has yet to hatch a plan for the Manila Bay Integrated City but said this would be a unique concept.

Tessie Sy, SMIC vice-chair, said that aside from developments within the Mall of Asia complex along Roxas Boulevard, the company may work on something in the future to further promote the tourism estate.

SMIC, together with international hotel firms Carlson Hotels Asia Pacific and Accor will develop and manage a 350-room hotel in SM Bay City, which will be located near the SMX Convention Center.

Meantime, two administration congressmen supported yesterday the Integrated Tourism City, saying the nation should rake in billions in potential income from the project instead of growing grass on reclaimed land.

“We also need jobs. We have 430,000 new college graduates a year, but not all can be absorbed by existing companies,” Palawan Rep. Antonio Alvarez, House trade and industry committee chairman, said in the midst of reports that Catholic bishops are opposing the plan.

Manila Rep. Amado Bagatsing said he would prefer “that we grow money instead of grass on reclaimed land in Manila Bay.”

Alvarez said the Pagcor project would put the country in a position to catch a portion of China’s increasing spending on gambling.

“Due to China’s growing affluence, its 1.3 billion people are spending $70 billion in gambling bets a year, according to one estimate,” he said.

He said the gambling revenues of Macau, a Chinese territory, increased by 47 percent to $10.34 billion last year and have exceeded those of Las Vegas.

He said the Pagcor project could also prevent rich Filipinos from going to Macau or Las Vegas and would allow them to “just spend their money here.”

16 comments:

gen2507 said...

great pics:) very informative site u have in here, sure lets do xlink, will add u now and just send me a msg. once ur done adding me also ok? ciao!

The Asian Traveler said...

Universal Studio Theme Park? Hmmm, I just hope this project will push through.

Off-Topic:
Thanks for visiting my page. Sure, we can exchange links. Just let me know if you've already added me and I'll reciprocate. Have a nice day. :) Nice travel blog.

dodong flores said...

That must be a good news...

Mandaragat said...

Good news indeed! I hope politics won't step in...

Shan Abellaneda said...

I really hope this pushes through but I have a feeling this won't be done in the next 5 years.. :-)

shan
http://the-f-word-blog.blogspot.com/

wow gold said...

If you wow gold were in wow gold any doubt buy wow gold that the buy wow gold God Wars cheap wow gold Dungeon was cheap wow gold challenge enough wow power leveling for you, wow power leveling look no further power leveling than the giant power leveling demon, K’ril wow gold Tsutsaroth. Once buy wow gold thought of as cheap wow gold nothing more world of warcraft gold confirm his existence.

Anonymous said...

Hello !.
might , probably very interested to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may start to get income with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with offices around the world.
Do you want to become an affluent person?
That`s your chance That`s what you really need!

I feel good, I began to get real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner utilizes your money in a right way - that`s AimTrust!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link http://xidelurido.digitalzones.com/ezoqus.html
and go! Let`s take our chance together to feel the smell of real money

Anonymous said...

Good day !.
might , probably curious to know how one can reach 2000 per day of income .
There is no initial capital needed You may begin to get income with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with affiliates around the world.
Do you want to become really rich in short time?
That`s your choice That`s what you really need!

I`m happy and lucky, I started to get real money with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion utilizes your funds in a right way - that`s the AimTrust!.
I make 2G daily, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://umebisepuh.freecities.com/ukyfake.html
and go! Let`s take our chance together to get rid of nastiness of the life

Anonymous said...

topic96, [url=http://www.chop.edu/forum/user/profile/8207.page]buy klonopin without prescription[/url], :-) uur, http://www.chop.edu/forum/user/profile/8207.page buy klonopin without prescription :-(, [url=http://www.chop.edu/forum/user/profile/8208.page]cheap xanax 2mg[/url], :-) nzj, http://www.chop.edu/forum/user/profile/8208.page purchase xanax 2mg ;-(, [url=http://forum.cprs.ca/default.aspx?g=posts&m=6]order adipex[/url], :-) ryk, http://forum.cprs.ca/default.aspx?g=posts&m=6 order adipex online *sorry*, [url=http://forum.cprs.ca/default.aspx?g=posts&m=7]alprazolam no prescription[/url], ;-( dtb, http://forum.cprs.ca/default.aspx?g=posts&m=7 buy alprazolam no prescription ;-(, [url=http://forum.cprs.ca/default.aspx?g=posts&m=8]ambien without prescription[/url], ;-( iav, http://forum.cprs.ca/default.aspx?g=posts&m=8 ambien no prescription *sorry*

Anonymous said...

hi! [url=http://esnips.com/web/minnaregina/]Hello. And Bye.
[/url] http://esnips.com/web/minnaregina/ free nude video clips of milfs
thanks!
free nude video clips of milfs

Anonymous said...

酒店兼職 酒店打工 打工兼差 台北酒店 酒店兼差 酒店經紀 禮服酒店 酒店工作 酒店上班 兼差 酒店應徵 酒店 打工兼職 打工

Anonymous said...

酒店經紀酒店打工 酒店工作酒店上班 酒店兼差 酒店兼職打工兼差打工兼職台北酒店酒店應徵 禮服酒店 酒店 經紀 打工 兼差

gaohui said...

The holidays are a time ed hardy of getting together with friends ed hardy shoes and family, attending elaborate ed hardy clothing parties, and other exciting events ed hardy clothes that involves dressing up in stunning ed hardy store wardrobes. If you ed hardy Bikini are pregnant during ed hardy swimsuits the holidays, it does not ed hardy Caps mean that you are unable buy ed hardy to look fabulous and ed hardy swimwear stylish. Now, an expectant ed hardy sale mother has many styles of chic ed hardy glasses maternity clothing that allows cheap ed hardy her to show off her baby bump Christian audigier while looking spectacular.

Anonymous said...

Great website, looks very clean and organized. Keep up the good work! antibacterial Read a useful article about tramadol tramadol

Anonymous said...

Yοur style is so unique compагed to othеr folks I haѵе rеаd stuff fгom.

I appreciatе you for ρostіng whеn you've got the opportunity, Guess I'll јust booκ mаrk thіs blоg.


Alѕo νіsit mу web page: payday loans

Anonymous said...

ӏ ѵisіted several blogs except the auԁio feature for audio sοngs current at thіs ѕіte is аctually excеllent.


Alsο visit my ωeb page :: payday loans