Pagcor leases Nayong Pilipino property to San Miguel for 25 years
MANILA, Philippines – The Philippine Amusement and Gaming Corporation (Pagcor) is leasing the 15-hectare Nayong PIlipino property to San Miguel Infrastructure, which in turn will finance the construction of Pagcor’s new office building.
The deal was signed last week, December 12, by Pagcor Chairman Alejandro Tengco and San Miguel Corporation Chairman and Chief Executive Officer Ramon Ang. SMC already turned over advanced payments worth almost P100 million, covering rental fees and security deposits.
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