• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Waterfront Philippines to revamp Cebu, Manila casino hotels

Aug 09, 2017 Newsdesk Latest News, Philippines, Top of the deck  


Waterfront Philippines to revamp Cebu, Manila casino hotels

Waterfront Philippines Inc is to implement renovation programmes covering four properties, including the firm’s three casino hotel schemes. The company plans to spend an aggregate of PHP1.65 billion (US$32.6 million) to modernise the four properties, it said in a Wednesday filing to the Philippine Stock Exchange.

The revamp of the company’s Waterfront Cebu City Hotel and Casino (pictured) is forecast to cost PHP400 million. It is expected to start in early 2018.

Waterfront Philippines additionally plans to implement a PHP450-million renovation programme at its Waterfront Airport Hotel and Casino Mactan, also in Cebu province. Works are forecast to begin in mid-2018.

The firm’s Manila Pavilion Hotel and Casino is also earmarked to undergo renovation, with an estimated cost of PHP350 million, the company said.

In addition, the firm’s Waterfront Insular Hotel Davao – which does not include casino – is to undergo a PHP450-million revamp. Davao is located on the southern Philippine island of Mindanao.

Waterfront Philippines stated that the renovation programmes for the Cebu and Davao properties would be funded via “a combination of internal funds, debt notes and/or the issuance of unsubscribed common shares under a private placement”. The renovation programme for Manila Pavilion would be done with the company’s own funds, the firm said on Wednesday.

The firm’s three casino hotel properties each feature gaming facilities under the “Casino Filipino” brand, controlled by the country’s regulator-cum-operator Philippine Amusement and Gaming Corp.

Waterfront Philippines decided to revamp its casino hotel portfolio in response to growing competition in the country’s hospitality and leisure sector, said Kenneth Gatchalian, president of Waterfront Philippines, as quoted by the Philippine Daily Inquirer newspaper.


  • tweet
Related articles
  • Bloomberry ends deal to invest in Uy’s Cebu, Clark casinos
    Bloomberry ends deal to invest in...

    Mar 23, 2023  

  • VIP gaming area launched at NUSTAR: promoter
    VIP gaming area launched at NUSTAR:...

    Sep 14, 2022  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us