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  • mrtaxx mrtaxx Jan 26, 2013 11:13 AM Flag

    Manilla Caino opening at end of year for MPEL


    MPEL's New Manilla Casino:
    This is from grftt by grftt he posed it on the LVS board.. Jan 26, 2013 3:06 AM . Permalink
    MPEL Brand New Casino opening in Manila End of the year Marina Belle Grande

    Pilappines: MANILA, Philippines (Xinhua) - The government is confident that this year's tourist arrivals will surpass the 4.27-million level recorded in 2012.

    The Govt said: "We expect more tourists to come in and they will be spending more here in the Philippines," Presidential Spokesman Edwin Lacierda said today. He said the government plans to sustain this momentum by developing the country's infrastructure particularly in the tourism sector and remove the common carriers tax so that more tourists come in.

    4 Million plus Visitors:The Philippines has surpassed the 4 million visitor arrival mark for 2012, posting a total of 4,272,811 foreign visitors last year. This figure is 9.07 percent higher than the previous year but fell short of the government's 4.6-million tourist arrival target.

    Department of Tourism said this shortfall is due to economic and political uncertainties in the country's traditional markets such as the United States, Europe and China. But tourism officials remain confident that it is on track in achieving its goal of 10 million tourist arrivals by 2016.

    Korea remains the biggest market for the Philippines. A total of 1 million Korean visitors came to the Philippines in 2012. The US ranked second with 625,626 visitors, followed by Japan with 412,474 visitors.

    MPEL owns 50%: With a cost of only 580 million for a 50% share of this amazing 1000 room project, it will be a amazing money making machine. They are building huge maga mall on the side of it, so it will attract countless people. I bet they get their money back within 24 months of the opening, the taxes are very low in the Philippines compared with Macau, about half.
    I would imagine when Solare casino opens in March, one of the other four being built, people will get a good idea of just how much Mpel casino will take in from this project......Good luck, these are exciting times.

    from grftt... posted on the LVS board 1/26/2013

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