CALATA Corp., an agribusiness firm diversifying into the casino sector, said on Tuesday it is set to receive a cash advance of P234 million from its partners, starting this month until January 2017, which will be used to secure land in Cebu for its casino resort project.

Calata’s partners in the Mactan Leisure City project are Sino-America Gaming Investment Group LLC and Macau Resources Group Ltd. (MRG).

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