An investment firm controlled by the Manila Jockey Club intends to build and operate a casino and hotel in a section of northern Manila.

According to the Business Mirror, MJCI Investments Inc. will construct the project on 1.6 hectares of a 12-hectare parcel owned by the Jockey Club in the Santa Cruz section of the city. The casino will be built first, followed by development of plans for the hotel.

Last year the Philippine Amusement and Gaming Corp. gave MJCI approval to run a casino with 200 slot machines and 10 gaming tables to start.

Funding for the $8.2 million project will come from either the stakeholders or bank loans, corporate information officer Peter Francis Zagala told the Business Mirror.

“We hope to start with the casino project this year,” said Zagala.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.