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PH seals air deal with Macau

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Macau-Asia-Gambling

The Philippines sealed a new air deal to increase flights to Macau on expectations that tourism and trade would continue to increase.

Posted: June 19th, 2014 in Latest Business Stories | Read More »

Melco prepares $340M back-up credit facility for PH gaming unit

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Casino dealers work on their respective games. AP File Phone.

The Melco Crown group of Macau is preparing a back-up credit facility worth as much as $340-million for its Philippine gaming unit in case a previously announced private debt offering isn’t completed as intended by the end of January in 2014.

Posted: December 26th, 2013 in Latest Business Stories | Read More »

Melco Crown hikes investment in casino project ‘City of Dreams Manila’

Lawrence Ho (center), chief executive officer Melco Crown Entertainment; James Parker (right), co-chairman of Melco Crown; and Clarence Chung Yuk Man, chairman, Melco Crown (Philippines), attend the launch of the project "City of Dreams" in Manila on Wednesday, Oct. 9, 2013.  AFP

Macau developer Melco Crown Entertainment is raising its investment in a $1-billion casino project in the Philippines to offer more gaming tables and luxury hotel rooms, the company said Wednesday.

Posted: October 10th, 2013 in Latest Business Stories | Read More »

Melco ups ante in casino, tourism venture in PH

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The group of tycoon Henry Sy and the Melco Crown group of Macau unveiled Wednesday a $1.3-billion integrated tourism and gaming venture at Pagcor Entertainment City—an estate rebranded as “City of Dreams Manila,” which is expected to open by the middle of next year.

Posted: October 10th, 2013 in Editor's Pick,Headlines | Read More »

Japan set to take casino gamble

Casino dealers work on their respective games. AP File Phone.

A group of Japanese lawmakers are close to hitting the jackpot in their bid to legalise casinos, betting the revenue bonanza could challenge Macau for the title of global gaming powerhouse.

Posted: June 9th, 2013 in Latest Business Stories | Read More »

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