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IEC agrees to invest up to $1.2 billion in the Philippines' gaming sector to boost tourism.
International Entertainment Corporation (IEC), based in Manila, has agreed to invest $1 billion to $1.2 billion in the Philippines' gaming sector with PAGCOR.
The funds will refurbish existing properties and launch new developments to attract more tourists.
IEC plans to develop a new integrated complex over the next three to five years and is considering equity and debt financing for its growth, focusing on local investments rather than overseas expansion.
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IEC acepta invertir hasta $1.2 mil millones en el sector de juegos de las Filipinas para impulsar el turismo.