Packer to invest 15b in philippine casino venture in cash in case of success
by Peter Steyr and Peter Boulanger for New Horizons
Cecilia Matos and her husband were expecting a daughter one month ago. It turned out to be only the second year that they’d held the same child in the same family home in Peru.
The Matoses met on a trip to their hometown of Santo Domingo a decade ago. After living there as a couple for ten years, their three children have grown up in Brazil and Peru.
“We decided to stay back and watch their home grow. Our kids’ ages were growing too fast, so we decided to take up this project,” says Cecilia.
The investment firm KPMG PLC 예스카지노invested 30 million reais in the proposed building, worth at least 13 billion pesos ($8.7 billion). A portion of the net income the project generated will be donated to the city, as well as to the orphanage and children’s home where the바카라사이트y work at this location.
“We plan to invest in another part of the project, which will include a hotel, a restaurant and a mall. We want to establish a brand 바카라with these new businesses. We hope to have the same impact on poverty in the cities we are building,” says Matos.
Their company Pekar Ventures Inc. and the City of Pasig project office are now raising funds through online crowdsourcing to make the plan a reality.
In May, another Pekar investor, Temer Capital, won a 15 billion reais loan to the project, plus 3 million reais in equity investment from a Pecunía bank consortium. The city has also approved a loan and other forms of support for the Pekar venture.
The Matoses say a success story
When asked about their success in creating a vibrant economic zone that allows the poor to have more options in life, Cecilia offers a story of her own.
“My brother and his father started working for two hours a day when I was young. We became involved in the construction business at 12 years old when I was 13. I was one of the first workers in the new construction firm when they began construction of our neighborhood at the age of 22,” said Cecilia.
The Matoses also cite their own personal experiences: first as single parents with two children, now at the age of 18, “There is no opportunity for us to stay in the United States. W