Willy Ocier, vice chairman of Belle Grande said in a text message that the improved property would open its doors for the public by the end of 2013. The casino comes into being through a partnership between Melco Crown Entertainment and the SM Group. Melco intends to spend approx $580 million in the $1-billion project and its entry has caused delay for opening of the property. Ocier said that Melco would be much helpful for improvement in terms of design and concepts. The improved Belle Grande would be the second gaming center in this area by Pagcor (Philippine Amusement & Gaming Corp. In fact, at the initial stage, Belle and Leisure & Resorts World Corp. (LR) were the partners of Belle Casino. LR was required to lease the premises from Belle. But Pagcor put up the condition of an 800-room hotel before casino started its operations. An agreement with Melco for the leasing, operation, development of the hotel complex was reached upon by Belle and subsidiary Premium Leisure and Amusement Inc. Melco said that as per the Philippine Economic Zone Authority, execution of the consortium accord is provisional upon the registration of the project as a tourism economic zone. The Gaming and non-gaming operations would be conducted by MPEL Projects, a British Virgin Islands based company. Melco is one of the only six companies that have been permitted concessions or sub-concessions to start casinos in Macau. The major project of Melco is City of Dreams, comprising of urban entertainment resort with marvelous nightclubs, chic dining, 1,400 luxury guest rooms, a modern casino, designer brand shopping and the House of Dancing Water.
A total gaming area of 1.8 hectares encircled by luxury retail stores and food & beverage outlets would present an attractive view. The complete tourism-gaming complex would come up at Aseana Business Park in Paranaque City on more than six hectares of land.
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