Nustar Resort & Casino
NUSTAR Resort & Casino | |
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![]() ![]() NUSTAR Resort & Casino Location within Metro Cebu | |
Location | Cebu City, Philippines |
Address | Kawit Point, South Road Properties, Cebu City, Philippines |
Opening date | 2022 |
No. of rooms | Fili: 379 NUSTAR Hotel: TBA Grand Summit Hotel: TBA |
Total gaming space | 21,000 m2 (230,000 sq ft) |
Owner | Universal Hotels and Resorts, Inc. Cebu City Government |
Operating license holder | Universal Hotels and Resorts, Inc. |
Architect | ASYA Design |
Previous names | Isla dela Victoria |
Coordinates | 10°16′16″N 123°52′51″E / 10.27123°N 123.88096°ECoordinates: 10°16′16″N 123°52′51″E / 10.27123°N 123.88096°E |
Website | nustar |
NUSTAR Resort and Casino is a 9-hectare (22-acre) resort and casino facility that as of 2021 is under construction on Kawit Point (formerly Kawit Island), South Road Properties (SRP), Cebu City, Philippines. The project, which is expected to include restaurants, bars, a mall, convention center, casino, park, theater, and at least three hotels, is a joint venture of the Cebu City Government and Universal Hotels and Resorts, Inc. The project is slated for completion in 2022.[1][2][3]
History[]
![](http://upload.wikimedia.org/wikipedia/en/thumb/b/b8/Isla_dela_Victoria_render.jpg/220px-Isla_dela_Victoria_render.jpg)
In a press conference on November 7, 2017, Tomas Osmeña, then the mayor of Cebu City, announced that Universal Hotels and Resorts, Inc. (UHRI), a subsidiary of JG Summit Holdings, had agreed to develop Kawit Point (formerly Kawit Island) in South Road Properties into an integrated resort and casino facility. UHRI would lease the property for 50 years and the city would receive 60% of the annual gross receipts. Osmeña said the project could generate 8,000 jobs and increase the appraisal rates for the lots in the area.[4] Osmeña proposed the project be named Isla dela Victoria after former Cebu City Bantay Dagat project director Elpidio "Jojo" dela Victoria,[1] who was murdered outside his home in the city of Talisay on April 12, 2006,[5] for his role in the fight against illegal fishing.[6]
A five-man committee was formed by Cebu City Council to scrutinize the deal's financial, technical, and legal aspects.[7][8] A joint venture agreement was signed on August 17, 2018 by Mayor Osmeña and UHRI president Frederick Go.[9], and the project formally broke ground eight days later, on August 25, 2018.[10] Civil works commenced on the first quarter of 2019.[11]
See also[]
References[]
- ^ a b Erram, Morexette Marie B. (December 22, 2018). "ISLA DELA VICTORIA GETS OFF THE GROUND". Cebu Daily News. Archived from the original on September 23, 2019. Retrieved September 19, 2019.
- ^ "NUSTAR complex in Cebu slated to open 2022: UHRI". GGRAsia. April 16, 2021. Retrieved December 1, 2021.
- ^ "Nustar Resort and Casino: Asia's newest landmark destination to rise in Cebu in 2022". SunStar Philippines. November 29, 2021. Retrieved December 1, 2021.
- ^ Mejia, Inna Gian; Bunachita, Jose Santino S. (November 8, 2017). "P18B INVESTMENT IN SRP'S KAWIT ISLAND". CDN Digital. Archived from the original on September 24, 2019. Retrieved September 24, 2019.
- ^ "Thousands pay final tribute to De La Victoria: Jojo laid to rest, fight continues". The Philippine Star. April 24, 2006. Retrieved December 1, 2021.
- ^ "JG Summit Holdings to invest P18B for Kawit Island". SunStar Philippines. RVC. November 9, 2017. Retrieved November 5, 2019.
- ^ Demecillo, Jean Marvette A. (April 16, 2018). "Changes sought in Kawit project deal". The Freeman. Archived from the original on September 24, 2019. Retrieved September 24, 2019.
- ^ Cuizon, Razel V. (April 26, 2018). "4 conditions suggested for Kawit joint venture". SunStar Cebu. Archived from the original on April 29, 2018. Retrieved September 24, 2019.
- ^ Abatayo, Rosalie O.; Erram, Morexette Marie B. (August 17, 2018). "Isla dela Victoria deal inked". CDN Digital. Archived from the original on September 24, 2019. Retrieved September 24, 2019.
- ^ Adel, Rosette (August 20, 2018). "Cebu casino to pursue groundbreaking". The Freeman. Retrieved December 4, 2021.
- ^ Demecillo, Jean Marvette A. (December 23, 2018). "Resort and Casino at SRP: Construction begins 2019". The Freeman. Retrieved December 4, 2021.
Universal Hotels and Resorts, Inc. will start civil works on the P18 billion integrated resorts and casino on the nine-hectare Kawit Island at South Road Properties in the first quarter of 2019.
- Buildings and structures in Cebu City
- Casinos in the Philippines
- Entertainment districts in the Philippines
- Landmarks in the Philippines
- Mixed-use developments in the Philippines
- Resorts in the Philippines