LISTED farm products distributor Calata Corp. is partnering with Sino-America Gaming Investment Group LLC and Macau Resources Group Limited for the creation of a corporate vehicle intended for the future establishment of a real estate and investment trust (REIT) that will be used as a vehicle to put up a P65-billion resort on Mactan Island in Cebu.
To be called Mactan Leisure City, the project will be located on a 14-hectare property on Mactan Island and will incorporate three hotels, casino and entertainment complex, commercial, retail, and conference facilities, and yacht club.
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