"City of Dreams Manila is a glimmering clutch of golden glass cubes rising from reclaimed land on Manila Bay. It is the second development to open within Entertainment City, which is now halfway to becoming a Las Vegas-style cluster of four casino-resorts. Manila is already reaping the rewards, said Julius Guevara, country director for the Philippines at real-estate consultancy Colliers. He said plans for four mega casinos have fueled a “revival” in Manila’s run-down bayside area, which has driven property values up and spurred road-building and other developments. City of Dreams Manila, with three luxury hotels and 380 gaming tables, has already created 5,000 jobs, Melco Crown said. The Philippine Amusement and Gaming Corp., the country’s gambling regulator and overseer of the Entertainment City plan, has said it expects the Manila strip to propel national gambling revenues to $10 billion a year by the end of the decade, enabling it to surpass the Las Vegas Strip and Singapore."
http://www.wsj.com/articles/manila-nears-goal-of-becoming-gambling-hub-with-new-city-of-dreams-1422879949
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