Waterfront Philippines, Inc. (WPI) was registered as an investment holding company for hotel, leisure and tourism businesses. WPI initially operates through its two wholly owned subsidiaries, namely, Waterfront Mactan Casino Hotel, Inc. (WMCHI) and Waterfront Cebu City Casino Hotel, Inc. (WCCCHI).
On March 23, 1995, WPI acquired Waterfront Promotion Ltd., (WPL) from Waterfront Amusement & Gaming Limited (WAGL) and became its wholly owned subsidiary. WPL was incorporated in the Cayman Islands to primarily provide international marketing and promotion of hotels and casinos.
Being an investment holding company in hotel or hospitality and gaming or recreation businesses, WPI has a strategic advantage in the marketplace. It can move and position itself to grab opportunities in hospitality industry, which is known to be highly competitive. The world class facilities that it brings to the cities where the Waterfront brand is present are designed to provide a diverse and complete entertainment system that will attract local, regional, and international visitors.
Source: SEC Form 17-A