Philippines is seeking to accelerate construction of a gaming venue
James Packer and Lawrence Ho eye us$ 1 billion Manila casino
2011-09-05
Reading time 43 seg
(Philippines).- James Packer and Lawrence Ho, son of Macau betting mogul Stanley Ho, may invest at least us$ 1 billion in a Manila casino project. "Discussions are still ongoing" with Melco Crown Entertainment, the casino venture of Mr Packer and Mr Ho," said Cristino Naguiat, chairman of Philippine Amusement & Gaming, the state-owned casino operator and regulator. "I think they're serious."
Four companies won licences in 1998 to operate casinos in a gaming and entertainment complex the government plans to build in Manila. The Philippines is seeking to accelerate construction as gamblers in Asia fuel casinos in Singapore and Macau.
Each licensee agreed to invest us$ 1 billion over five years, Mr Naguiat said, identifying three of them as a venture of Genting Malaysia, Philippine property developer Belle and Philippine ports magnate Enrique Razon's Bloombury Investments. e declined to name the fourth, saying only that it was a Japanese company.
Belle and Bloombury had started construction while the rest would begin by the first quarter of next year, Mr Naguiat said. Melco's Geoffrey Davis didn't reply to a request for comment.
Leave your comment
RELATED NEWS
Red River to add 150 slot machines
Comanche Nation Entertainment unveils major casino expansion plan in Oklahoma
Face-to-face app-related concerns
Hard Rock opens Atlantic City service center to enhance customer support for online players
Ahead of key September vote
Casino contenders face new test as community committees begin vetting New York’s downstate proposals
COMPANIES
AI-driven marketing capabilities
EGT Digital partners with Optimove to deliver real-time CRM in iGaming
Deal adds Hold and Win slots
3 Oaks Gaming partners with StarVegas to expand in Italian market
5x3 layout and 2,000x maximum win
CT interactive launches Hell's Hot 7's, a classic fruit slot with modern aesthetics
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
Event to take place in March 9-11
GLI returns as sponsor of the Gala Dinner for Regulating The Game 2026 in Sydney
To take place on February 3-5
Eventus International announces launch of Mexico Gaming Summit in 2026
Five expert-led sessions
SBC Summit 2025 to spotlight Africa’s gambling market with new conference track
EVENTS CALENDAR
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
