Belle Corp rolls the dice for Clark Casino licence?

Jade Denosta July 22, 2024

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Belle Corp rolls the dice for Clark Casino licence?

The Philippine Amusement and Gaming Corporation (PAGCOR) is currently reviewing applications for new casino projects, including one submitted by Belle Corporation. No licences have been issued yet, with PAGCOR meticulously evaluating each proposal to ensure it aligns with the region’s economic and regulatory plans. This careful approach aims to balance economic growth with responsible gambling practises.

Industry experts predict that Belle Corporation’s potential casino could significantly benefit Clark. The project is expected to create jobs, boost tourism, and stimulate the local economy. Clark, a former US airbase turned economic zone, has already witnessed significant growth, and the casino’s addition could further propel this trend by attracting both domestic and international visitors.

Belle Corporation’s interest in Clark reflects its broader strategy to expand its presence in the entertainment and gaming sector. The company, known for its leisure and real estate investments, views this project as an opportunity to capitalise on the thriving gaming market of the Philippines. The proposed casino would not only diversify Belle’s portfolio but also provide new entertainment options for residents and tourists alike.

The local community has expressed cautious optimism regarding the proposed casino. While many hope it will bring economic growth to the region through improved infrastructure and increased activity, they also anxiously await PAGCOR’s decision, acknowledging its significance on the region’s future.

The coming months will be crucial in determining the project’s fate and Clark’s economic landscape.

Clark’s growing casino hub

Clark Freeport Zone (CFZ) has transformed into a leading destination for golf and gaming tourism in the Philippines. Located north of Manila, the zone boasts a well-developed infrastructure and is rapidly becoming a major casino hub.

The Philippine government sees Clark as a vital economic centre. The Pampanga Megalopolis plan aims for balanced regional growth, with Clark as the anchor for tourism, light industry, and high-value agriculture. Clark benefits from a well-connected highway system and a new airport terminal with a capacity for eight million passengers. This accessibility positions Clark to capture a significant share of the growing Philippine tourism market.

The designated entertainment hub boasts six existing casinos and one more on the way. The zone caters to a strong local player base and attracts returning Korean tourists drawn to its multiple golf courses. While smaller than the sprawling resorts in Manila, Clark casinos offer a unique experience in a beautiful location.

Analysts predict Clark will be the fastest-growing casino market in the Philippines this year due to pent-up demand and increasing tourist arrivals. With its international connectivity and number of existing casinos, Clark is poised for exponential growth.