Villar set to launch massive casino complex in 2023

Metro Manila (CNN Philippines, December 4) — Billionaire Manny Villar will launch a Las Vegas-style casino resort in the Las Piñas-Parañaque area next year, covering 80 hectares of land.

"It's a big development. We will be launching next year, early next year," Villar, a former senator, said in a media interview over the weekend.

The massive development, called the Gold Coast Entertainment City, would not only have gambling facilities but would eventually include hotels, condominiums, a mall, and a theme park to be constructed by Villar Group's Prime Asset Ventures Inc.

Villar noted that even before its launching, the casino has been gaining traction in the gaming space.

The business tycoon said the group would tap a foreign gaming company to operate the casino.

Meanwhile, on housing giant Vista Land & Lifescapes Inc., Villar said it would be "more active" next year, expressing optimism about the industry's performance as the Philippines shifts to the new normal.

"We have been holding back for three years. While we remained active in the market, we did not pursue it as much," Villar said.

"We will return to developing more vertical projects because I want to preserve the land because land is getting to be more expensive. Next year we will have more vertical projects," he added.