By Farah Wahida:Genting Hong Kong Ltd will begin works for phase one of its Resorts World Bayshore in the Philippines, a development three times larger than the existing Resorts World Manila, according to The Star.
Notably, Genting Malaysia Bhd owns 18.4 percent of Genting Hong Kong Ltd.
“Following the success of Resorts World Manila, we hope to do the ground-breaking soon for the first phase of Resorts World Bayshore. We have already signed up Westin as one of the hotels there,” said David Chua, President of Genting Hong Kong.
The RM3.41billion development on a 16ha plot, which eyes RM1.7billion initial investment, is scheduled to be completed by 2016. Resorts World Bayshore will comprise two 800-room upscale hotels, a mall, a 3,000-seat grand opera and residential towers surrounding a casino, once completed.
The development is part of efforts by the Philippine government to build a 100ha leisure and gambling haven to compete with Las Vegas and Macau. Resorts World Bayshore is just 20 minutes apart Resorts World Manila and will take up eight sq km of reclaimed land in Manila Bay.
Meanwhile, ground-breaking ceremony for the third phase expansion of Resorts World Manila has been carried out by Genting group chairman Tan Sri Lim Kok Thay. Expected to be finished in 2016, the expansion will add over 1,000 hotel rooms, gaming facilities, retail space and other international hotels to the integrated hotel.
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