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Dec 1, 2017 @ 15:59

LRWC ready to kickstart resort development

 

AB Leisure Global Inc., a wholly-owned subsidiary of Leisure Resorts World Corp., has secured a P2.5 billion loan from BDO Unibank Inc.

In a stock exchange filing, LRWC said AB Leisure has inked an omnibus loan agreement with BDO to fund the acquisition of land for its planned resort.

LRWC has been acquiring several lands as it prepares for its planned resort development.

LRWC intends to build more boutique bingo sites, primarily in Luzon and Visayas regions. It currently has more than 130 boutique bingo sites in operation nationwide and subsidiaries in retail, casino, online and property segments.

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