Alliance Global Group Inc., the holding company of tycoon Andrew Tan, said Tuesday it expects to complete phase 1 of the $1.1-billion Resorts World Bayshore, its second integrated casino and entertainment complex in Parañaque City, by 2018.
AGI president Kingson Sian said in an interview following the company’s annual stockholders meeting phase 1 of the casino development would include three luxury hotels offering more than 800 rooms, a retail component, a theater and a casino.
Phase 1 will cover less than a third of the entire 31-hectare casino and resorts development.
“We should be starting construction of phase 1 within the next 90 days, and completion should be by 2018,” Sian said.
The scheduled opening of Resorts World Bayshore, however, is two years behind the original schedule of 2016.
Sian said the property was just recently turned over to the company and could start developing the area this year.
He said for the hotels development, the company would bring in Japanese hotel brand Okura and Westin Hotels & Resorts, an upscale hotel chain owned by Starwood Hotels & Resort. The third brand is still being finalized.
Sian said a company called Resorts World Bayshore City Inc. would be in charge of the development of Resorts World Bayshore. It will be owned by Travellers International Hotel Group Inc., a joint venture between AGI and Genting Hong Kong Ltd.
Resorts World Bayshore will be the fourth casino operator to open in Pagcor Entertainment City. The first three are Solaire Resorts and Casino of businessman Enrique Razon, which opened in March 2013, City of Dream Manila of Melco Crown Philippines which will open late this year and Manila Bay Resorts of Japanese billionaire Kazuo Okada, which will open next year.
Travellers is also the developer of Resorts World Manila in Pasay City, which is currently undergoing massive expansion program. Phase 2 involves the expansion of the existing Marriott Hotel Manila with the construction of Marriott Grand Ballroom, as well as additional rooms through the Marriott West Wing.