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Posts Tagged ‘casino

Hong Kong Casino Giant Melco May Partner with Henry Sy Jr.

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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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Written by Raffy Pekson II

June 28, 2012 at 2:21 pm

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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Written by Raffy Pekson II

August 28, 2009 at 7:06 am

The Manila Grand Oriental Casino

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The original Manila Grand Opera House at the corner of Doroteo Jose and Rizal Avenue which nurtured the careers of hundreds of celebrities, including Dolphy and Pilita Corrales has recently opened Manila Grand Oriental Casino located inside the luxurious hotel. Filipino boxing superstar Pacquiao led the ribbon cutting. Before the Cultural Center of the Philippines was born, the Manila Grand Opera House also used to be an entertainment center where plays, movies, zarzuelas and dances could be seen. It was demolished after the Sta. Cruz district went into a slump in the 1970s.

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Written by Raffy Pekson II

June 24, 2009 at 10:21 am