Posts Tagged ‘Hong Kong’
Hong Kong Casino Giant Melco May Partner with Henry Sy Jr.
News broke today that casino operator Melco Crown Entertainment Limited (MPEL) is exploring options to open a casino in the Philippines. The company is said to be partnering on a billion-dollar casino resort in Manilla, the capital city. The latest rumors have Melco partnering with the Philippines’ richest man Henry Sy Jr. The deal would see a 50-50 joint venture between the casino, hotels, and entertainment available at the property.
The city, which had 1.7 million people as of 2010, is the second most populous city in the nation. The Philippines are hoping to turn a portion of the Manilla region into a gaming area similar to the Las Vegas strip.
Read more at Seeking Alpha
Photo by paomont at Flickr.com
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1World Cash in Hong Kong Targets Filipinos
One World Ventures, Inc., the provider of prepaid cards and 1World Cash, announced the establishment of 1World Cash Hong Kong. “Our new services are dedicated to the Filipino community at the present time,” CEO Steve Prior said. This is the first step in One World Ventures strategy to use the 1World Card and 1World Cash branded services to focus on its desire to serve the underbanked and underserved in locations like the Philippines, Indonesia, Mongolia, Mexico, United States and elsewhere.
From 1WorldCash.net
One World Ventures, Inc. is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.
Read more at MarketWatch.com
Resorts World Manila Opens
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Philippine billionaire Andrew Tan and Star Cruises Ltd. opened their $700 million Resorts World Manila, which is expected to double the gamblingtables in the city.
The venture will tap Star Cruises’ network of more than 2.5 million customers and will bus in people from outside Manila. The casino opens in spitting distance from the NAIA International Airport Terminal 3. The venture, Travellers International Hotel Group Inc., opened the first floor of a three-level casino at a complex that will include hotels and a shopping mall.
Source: Bloomberg.com.
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Asia Journalism Internships
The Asia New Zealand Foundation (www.asianz.org.nz) is offering three journalism internships at Asia-based news media organisations. Applications are now open for the two or three month long internships which are to be undertaken in 2010. The three host media organisations are the Philippine Star in Manila, CNBC Asia in Singapore and the International Herald Tribune in Hong Kong. Note that the internships are unpaid. The Asia New Zealand Foundation will provide $NZ5000 to cover return flights with the balance to go to accommodation and other expenses. Participants will be generally responsible for their own travel, insurance, accommodation and living expenses during the internships.
For more information, click here to read the New Zealand site Scoop.
