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Solaire, Newport Resorts donate USD 1M to build military hospital

September 25, 2023 Philippines Events & Announcements

Solaire Resort Entertainment City and Newport World Resorts, two integrated resorts in the Philippines, have given Php 60 million (about US$1.05 million) to help build more patient rooms at the Veterans Memorial Medical Center in Manila.

The initiative, known as the Magiting Veterans Wing, is led by the Philippine Military Academy Magiting Class of 1970 and has received funding from various sources, including the Bloomberry Cultural Foundation Inc. (BCFI) and Newport World Resorts Foundation, Inc. (NWRFI), among others. These foundations, with approval from gaming regulator PAGCOR, have provided Php30 million for the project.

The Magiting Wing project is divided into two phases. The first phase, backed by BCFI, includes construction and structural work. The second phase, funded by NWRFI, covers fixtures and devices. The completed wing will encompass nearly 1,380 square meters, housing 12 new private rooms, including four suites, a nurse station, a lounge area, a hallway, storage, an access ramp, and a connecting bridge to the main hospital building.

PAGCOR Chairman and CEO Alejandro H. Tengco emphasized the agency’s support for the project’s commendable objective. He expressed PAGCOR’s appreciation for Filipino veterans and their families, noting their dedication and sacrifices.

Under their nation-building mandate, all integrated resort casino licensees in the Philippines are obligated to establish foundations to fund Corporate Social Responsibility programs, including those related to education infrastructure, health facilities, environmental preservation, and cultural heritage restoration. These foundations receive 2% of the licensees’ gross gaming revenues from non-junket tables.

In addition to BCFI and NWRFI, other significant sponsors of the Magiting Veterans Wing project include DMCI, San Miguel Corporation, and retired military personnel.

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Original story by: IAG

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