The Philippine Amusement and Gaming Corp (PAGCOR) allowed the construction of the first integrated casino-resort outside the capital of Manila.
The Udenna construction company will build US$300 million integrated casino-resort on Mactan Island after receiving provisional license. This message caused a number of speculations in the press because of communication of the Udenna management with the president of the country Rodrigo Dutert.
According to Philippines’ Commission on Elections, Dennis Uy, Udenna’s executive, was the main sponsor of an election campaign of the president. The sum of Udenna investments in Duterte’s political future made $600 thousand.
PAGCOR Chairman Andrea Domingo disproved suspicions that granting the license to the Udenna company was presidential gratitude for the given financial support.
The $300-million Udenna project will be built on the island, within the central Philippine province of Cebu. the gambling center is expected to accept first visitors in 2019.