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may
24

2019 Forbes Richest Man in the Philippines eyes Casino Resort Project

Tags: Forbes, Manuel Paolo Villar, Manuel Villar Jr, PAVI, Philippines, Via Prime Asset Ventures Inc.
Posted on Friday, May 24, 2019 by "T".

Manny VillarNamed this year as the richest man in the Philippines by Forbes Magazine, ex-Senator Manuel Villar Jr. and his family has proposed to build an integrated resort and casino in Las Piñas.

Via Prime Asset Ventures Inc. (PAVI), which is operated by the billionaire's son Manuel Paolo Villar, they have proposed to build the gaming complex named Gold Coast Entertainment City on a site spanning 10 to 15 hectares located along 5 extension in Barangay Manuyo 2.

His son Paolo is also the president of Vista Land & Lifescapes Inc., the country's largest homebuilder.

The casino will be developed and operated by PAVI and its indirect wholly owned subsidiary Vertex Entertainment and Resorts Corp.

PAVI president Teodulo San Juan Jr. along with Vertex president Caroline Cadelina wrote a letter and sent it to Las Piñas City Mayor Imelda Aguilar, saying, "The project will include a casino complex, hotels, food and beverage and retail outlets and entertainment centers. The integrated resort and casino will be designed to convey a resort-like atmosphere. Accommodations and attractions will include nontraditional options to target a younger demographic of gamers and entertainment seekers. PAVI, Vertex and key contractor-partners have, among them, the resources, experience and capability to master plan, develop, ensure the completion of and operate the proposed Gold Coast Entertainment City."

San Juan said, "Gold Coast Entertainment will be strategically located near the Ninoy Aquino International Airport, thus easily accessible to gaming tourists."

The family of Villar is one of the groups who acquired a gaming license right before President Rodrigo Duterte imposed a moratorium on new casino applications.

If you travel to Metro Manila, you will see huge privately-owned gaming hubs there such as:

  • Resorts World Manila - by Travellers International Hotel Group, a partnership between the Genting group of Malaysia and tycoon Andrew Tan
  • Solaire Resort & Casino - by tycoon Enrique Razon's Bloomberry Resorts Corp.
  • Okada Manila - by Tiger Resorts Leisure & Entertainment

 

Manuel ‘Manny' Villar was formerly a seafood vendor from Tondo, who established his fortune from real estate and property development. He retired from politics in order to focus on growing his business empire after he lost his presidential bid in 2010.

His wife, Cynthia Villar, currently is in first place at the senatorial elections.

According to Forbes Magazine's 2019 list of the Wealthiest people on the planet, Manny Villar is now the richest person in the Philippines, with an estimated net worth of $5.5 billion.

Source:
https://www.casinonewsdaily.com/2019/05/20/philippines-richest-man-unveils-casino-resort-project/

 


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22 comments for "2019 Forbes Richest Man in the Philippines eyes Casino Resort Project"

 dule-vu5/24/2019 5:21:54 PM GMT
when you have 5,5 billion of dollars you can do whatever you want,you can make whatever you want!they can invest in something like this and this probably will be best casino resort at philippines!didnt know that they invest so much in gambling industry and who know what can we expect in next years!
 CALICUL5/24/2019 5:47:07 PM GMT
This man has money and saw an opportunity, to build something beautiful as a casino, to produce money in the future. His name seems more Mexican, but this is not related with the fact that he wants to invest a part of his money in a new business. If his intuition is good, he will earn more money.
 Mober5/25/2019 9:49:29 AM GMT
They have the money to do whatever they like, including a casino lik this.
But they also have the money to do nothing at all and live happy after all Smile
The whole establishment will be another tourist attraction i guess.
Good for them acquiring that license.
 bowie19845/25/2019 2:51:50 PM GMT
Posted by CALICUL:
This man has money and saw an opportunity, to build something beautiful as a casino, to produce money in the future.

He is a local politician/businessman. I am not sure his intentions are as innocent as you would expect.
 CALICUL5/25/2019 5:57:38 PM GMT
I do not expect about his intentions to be innocent. I specified that he has Mexican names... and here you can think of anything... We do not know who is this man and what life he has but his plans to invest in something beautiful are correct. It is ugly when you go to visit certain countries and the hotels are very ugly, you do not find a spa, good food, good conditions etc... Well this man iinvesting in something and is very good.
 dule-vu5/26/2019 10:44:02 AM GMT
when you have this kind of money and you are richest in country,you can do whatever you want!you can get whatever paper you need,you can pay for anything and ofcourse you can assure people that this thing that you will invest is very good for everybody,especially for economy!
 CALICUL5/26/2019 6:10:13 PM GMT
It's good for a city's general design when you have money to invest. There's nothing wrong here if you do it legal. Provide jobs and money to the country's budget from your profit. Many people will work here to put bread on the family table.
 dule-vu5/27/2019 11:15:31 AM GMT
I never thought that country like philippines have so much casino places,resorts and everything about gambling!when I know how crazy president they have and that he said that people can kill anybody who have business with drug,so didnt expect that gambling would be normal or on such a high level!but its great to have it on such a beautiful place this kind of option!
 CALICUL5/27/2019 6:22:47 PM GMT
Philippines is a fairly large country and has a larger population than Germany. It's true, it does not have the same economy, but some things can be built there. If the richest man in that country does not build anything, then it's bad. When you have so much money you can spend 3-4% of them to create something.
 dule-vu5/28/2019 11:20:44 AM GMT
he must build factory or something,to get job for people and to produce something,not just to earn money from gambling!its better that he give better salaries for workers and then this people will have something to spend,then to pay only lower salaries!it would be bettr for all economy of philippines!
 Nightkid5/28/2019 12:13:25 PM GMT
Well they say that the one who has money can do what he wants and wherever he wants it, and as we see here is not the exception ... if for one of those coincidences I would like to donate something for these sides I would not get mad eh hahaha Cool Cool Cool
 bowie19845/28/2019 12:51:54 PM GMT
Posted by dule-vu:
I never thought that country like philippines have so much casino places,resorts and everything about gambling!when I know how crazy president they have and that he said that people can kill anybody who have business with drug,so didnt expect that gambling would be normal or on such a high level!

Yeah it's a weird distinction between how much they want tourists to come and what their Prez telling 2 to people everywhere. Very unusual.
 CALICUL5/28/2019 6:06:39 PM GMT
Only when you think to a few resorts that will be built by this man where the world will enjoy of various holiday pleasures, you can say it will be good for many people. Who does not want on vacation good conditions and acceptable prices? All of us want this.


 Nightkid5/29/2019 2:28:10 PM GMT
That would be ideal everywhere but with the prices there are to go on vacation or at least go out a few days to be able to clear a bit of the stress from day to day (whether for work, family, children, etc) would be the best I think I but not all of us can afford a decent vacation or where we would like to go for real Cool Cool Cool
 pajalnick5/29/2019 9:43:33 PM GMT
politics and business are definitely connected in one chain .... any politician gets something besides the usual salary from the state .... it seems to me .... only someone falls for it and then He goes to jail ... .a someone continues to live in peace and flourish ... not very nice all this seems to me
 dule-vu6/2/2019 3:15:43 PM GMT
few days ago I said things that president of philippines do and tell to people,but yesterdays interview was something special!he said that he was gay,but then he met his todays wife and soon he wasnt gay anymore!ha,ha,ha,what a crazy president!that why I was suprised with this news about gambling at this country!
 CALICUL6/3/2019 8:18:12 AM GMT
His life is an interesting one but every man has the right to have sex with men or women. Is ugly what life he had, but then returned to normal and made a fortune. However, the Philippines is a country that begins to fill up with all sorts of people. And he wants to make more money.
 pajalnick6/3/2019 10:36:27 AM GMT
Posted by dule-vu:
few days ago I said things that president of philippines do and tell to people,but yesterdays interview was something special!he said that he was gay,but then he met his todays wife and soon he wasnt gay anymore!ha,ha,ha,what a crazy president!that why I was suprised with this news about gambling at this country!

hahaha that's very cool of course ... This is completely insane but very cool ... this is certainly a wonderful story that a man stopped being a homosexual and became straight when he met his wife .... try searching the Internet for more detailed information now. .. it is very fun and absolutely insane ... What can you not read on this site
 dule-vu6/3/2019 3:49:55 PM GMT
Posted by CALICUL:
His life is an interesting one but every man has the right to have sex with men or women. Is ugly what life he had, but then returned to normal and made a fortune. However, the Philippines is a country that begins to fill up with all sorts of people. And he wants to make more money.


first of all,its not normal that somebody have sex like that or they can have but they dont need to put this to majority of people in one country and to walk in streets because of that!
and my post was about president of philippines,not this richest man at philippines!president of philippines is one that is so crazy!
 CALICUL6/10/2019 12:49:22 PM GMT
In this world we have many leaders but crazy people. Philippines is a very interesting country and today it does not matter the sex part anymore. There are many weird cases which we do not know. The important thing is that they must to do good things. Casinos, resorts, hotels, motels etc...
 dule-vu6/10/2019 12:54:28 PM GMT
I just wonder how much they charge this casino resorts,clubs or any site for gambling with tax!do they take some nice amount from everybone or they have low or none taxes to bring more and more people and then they spend lot of money!it would be interesting to find out!
 CALICUL6/12/2019 1:55:19 PM GMT
You can find out these things but for moment you have to wait. Everything needs to be built and after that must be officially opened. After a few months you have the opportunity to find these things if they are made public. Normally, the tax should not be hidden.

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