Bagong Nayong Pilipino Entertainment City Manila (E-City Manila), soon to rise (with video ad)

Bagong Nayong Pilipino Entertainment City Manila (E-City Manila), soon to rise (with video ad). Dubbed as the “New Nayong Pilipino,” an integrated resort with a world class theme park, casinos, hotel

, museum, shopping malls, sports arena, coliseum and a sky high tower will soon rise near the SM Mall of Asia complex in Pasay City.

The three main investors in a Philippines casino development have deposited US$300 million - US$100 million each - with Pagcor as assurance of their commitment to the project.

SM Group, Genting Group of Malaysia and Aruze Corp. of Japan are the major investors in the 100-hectare Bagong Nayong Pilipino Entertainment Complex along Manila Bay in Pasay City, and intend to pursue plans to develop the property into the country’s premier entertainment complex.

“We want to be assured they are committed to do the project and push through with their plans,” said Philippine Amusement and Gaming Corp. (Pagcor) chairman Ephraim Genuino.

Initial investments for the project are expected to reach US$6 billion.

About 100 hectares of the 120-hectare track of the Pagcor property are already allotted to these three developers.

Genuino said SM would kick off construction in 60 days with the fencing of the property that it was going to develop.

Watch this ad of Bagong Nayong Pilipino Entertainment City