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Philippines approves giant casino in Cebu

$300 million project will be first integrated resort outside Manila

MANILA -- The Philippine casino regulator has approved the construction of the first integrated resort outside the capital.

Philippine Amusement and Gaming Corp. (Pagcor), which also runs its own casinos, granted Udenna Corp. a "provisional license" to build a $300 million integrated resort and casino on Mactan Island in the central Philippine province of Cebu.

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