Filinvest Mimosa + Leisure City signs deal with PAGCOR

Gotianun-led Filinvest Development Corporation (FDC) and its subsidiary Mimosa Cityscapes, Inc. (MCI) is celebrating yet another milestone after securing a provisional license from the Philippine Amusement and Gaming Corporation (PAGCOR) for the development of an integrated resort within Filinvest Mimosa Plus (+) Leisure City.

MCI has earmarked a total minimum investment of USD$200,000,000 for the project comprised of a casino, lifestyle mall, five-star hotel and events venue that will rise within the 201-hectare prime mixed-use sprawling townscape envisioned to become a premier leisure and business destination in the heart of Clark Special Economic Zone (CSEZ). The project also includes the renovation of existing Quest Hotel, the two championship golf courses and villas. This milestone brings Filinvest Mimosa + Leisure City closer to its commitment of developing the area into a world-class tourist and gaming destination.

This new development is expected to provide employment, investment and entrepreneurial opportunities, increased government income and more importantly, a boost to the tourism industry.

“Filinvest Mimosa Plus (+) Leisure City is envisioned to become the lifestyle destination north of Manila. Its enviable location close to Clark International Airport makes it accessible to both domestic and international tourists. Now that we have secured the permit, we foresee further upsurge in tourist arrivals upon completion of the various project components. It is our intention to work with a leading casino operator who will align with our vision of a premiere destination.   Visitors can look forward to Filinvest Mimosa + Gaming Estate with its offering of topnotch casinos and boutiques, among others,” said L. Josephine Yap, President of FDC.

According to PAGCOR Chairperson and CEO Andrea Domingo , the upcoming gaming estate at Filinvest Mimosa + Leisure City is anticipated to increase Pagcor’s revenues to support more projects that will help address poverty and other nation-building programs of the government. “We are proud to partner with Filinvest Mimosa + Leisure City. We support developments that propel the Philippine gaming, entertainment and the tourism industry. We believe that Clark is the next main gateway of the country with big infrastructure projects such as the Manila-Clark railway and the Clark International Airport expansion and modernization. We expect a deluge of visitors in the coming years,” said Chairperson Domingo .

The Filinvest Mimosa + Leisure City is a joint development of FDC and Filinvest Land (FLI) . FLI has launched its business park and has recently completed and fully leased out its first office building with a second building to be completed within the quarter.   It will commence on its retail strip and first residential building with the quarter and break ground on the mall within the year.