Calata Corp., an agribusiness firm diversifying into the casino sector, is set to create a real estate investment trust (Reit) in the agriculture sector after its casino project is finished by 2020.
Calata entered into a joint venture with Sino-America Gaming Investment Group Llc. and Macau Resources Group Ltd. (MRG) to build the P65-billion Mactan Leisure City, a 14-hectare planned integrated casino, resorts and hotels complex to be located in Lapu-Lapu City, Mactan Island, which is expected to be completed by mid-2020.
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