CALATA Corp., an agribusiness firm diversifying into the casino sector, expects to sign a memorandum of understanding (MOU) and lease deals with its international partners within this month for the establishment of a P65-billion integrated resort and casino complex in Lapu-Lapu City to be called Mactan Leisure City.
In a reply to a query from the Philippine Stock Exchange (PSE), Calata said on Monday its partners Sino-America Gaming Investment Group LLC and Macau Resources Group Ltd. (MRG) target to sign an MOU in “early September 2016” that would create their Philippine unit Macau Leisure City Management Corp. (MLCMC).
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