Stotsenberg Leisure & Hotel Corporation, consisting of Hotel Stotsenberg and Casablanca Casino, is located at Clark, a sprawling, cosmopolitan metropolis that offers many places of interests and a host of events and activities accessible to a wide spectrum of tourists and visitors.
With a highly improved road network and increasing flights at Clark International Airport (CIA), Clark is setting out to become the hub for business, aviation and tourism in the Philippines.
The Stotsenberg Hotel and Casablanca Casino are located less than 2 kilometers from the CIA. Several airlines offer domestic and international flights to CIA, with 4 million passengers arriving each year.
Clark Freeport Zone, in the Philippines, is a redevelopment of the former Clark Air Base, a former United States Air Force base. It is located on the northwest side of Angeles City and borders the municipality of Mabalacat in the province of Pampanga. It is located 80 kilometers northwest of Metro Manila. The zone is a former US military base and has modern infrastructure facilities, generous fiscal and non-fiscal incentives, professional support services and other amenities.
US $5 million profit guarantee Over 5 Years
E!xcite have provided a 5-year profit guarantee of US$5 million per annum
E!xcite Gaming and Entertainment Inc (E!xcite) will provide management and operate the hotel and gaming business. E!xcite have provided a 5-year profit guarantee of US$5 million per annum (US$25M) (Profit Guarantee). E!xcite will pay any shortfall to the Company and any securities issued to E!xcite will be linked to achieving the Profit Guarantee and released proportionately as the Profit Guarantee is met.
Upon receipt of audited accounts verifying the Net Profit After Tax (NPAT) for each of the 2016 – 2020 Financial Years is US$5,000,000 or more, E!xcite will be issued 28,440,000 shares representing the guaranteed US$5 million profit.
In the event that the NPAT is less than US$5,000,000, E!xcite will pay to the company the difference between US$5,000,000 and the actual NPAT before the shares are issued.