Manila, Philippines—Millennium Pan-Asia Hotel and Resort Inc., a privately-held property investment holding company based in Makati City, obtained earlier this month a provisional license from the Philippine Amusement and Gaming Corporation (PAGCOR) to develop a $300-million integrated resort and casino in Mandaue, Cebu.

The company will spearhead the development of a landmark, mixed-use lifestyle district in the heart of Mandaue. The planned project is the first lifestyle resort in the area to offer a modern integrated entertainment hub, anchored by a world-class casino, and supported by a diverse array of contemporary entertainment and leisure facilities such as hotels, shopping areas, restaurants, cinemas, and theatre venues.

“The project will be a world-class entertainment center and the most popular place in Cebu,” said Chief Executive Officer Justin Xiao.

An emerging contemporary lifestyle district, the development’s main hub is expected to open in the third quarter of 2020.

“The project will also generate at least 4,000 employment opportunities,” Xiao added.