GOTIANUN-LED Filinvest Development Corp. (FDC) on Thursday said it secured a provisional gaming license for the development of an integrated resort within its property in Clarkfield, Pampanga.
“We thank the Philippine Amusement and Gaming Corp. for granting the provisional license of Filinvest Mimosa Leisure City. They have been very efficient and helpful since we submitted our application and all the necessary requirements in 2017. We look forward to a fruitful partnership with them. We believe this is a worthy investment,” FDC President and CEO Josephine Yap said.
FDC’s unit Mimosa Cityscapes Inc. earmarked a minimum investment of $200 million (about P10.4 billion) for the project comprised of a casino, shopping mall, five-star hotel and events venue. It will rise within the 201-hectare prime mixed-use sprawling township envisioned to become a premier leisure and business destination in Clark Special Economic Zone.
The project also includes the renovation of existing Quest Hotel, two championship golf courses and villas. This new development is expected to provide employment, investment and entrepreneurial opportunities, increased government income and, more important, a boost to the tourism industry, the company said.
The Filinvest Mimosa + Leisure City is a joint development of FDC and property development unit Filinvest Land Inc. (FLI). FLI launched its business park and 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 within the quarter and break ground on the mall within the year. “Now that we have secured the provisional license, we foresee a further upsurge in tourist arrivals upon completion of the various project components. It is our intention to work with a leading casino operator that will align with our vision of a premier destination. Visitors can look forward to Filinvest Mimosa Gaming Estate with its offering of topnotch casinos and boutiques, among others,” Yap said.