Packer looks to Philippines casino - The West Australian
AAP, The West Australian June 27, 2012, 11:30 am
Packer looks to Philippines casino
Billionaire James Packer could be looking towards establishing a casino in the Philippines as part of a desire to create a Pan-Asian gambling empire.
Fairfax Media reported Mr Packer, who is chairman of casinos operator Crown, and Lawrence Ho, who is co-chairman of Hong Kong-listed Melco Crown Entertainment, had entered a joint venture with Filipino retail and property tycoon Henry Sy, Jr. to build a $1 billion-plus casino and resort in Manila.
Crown holds a stake of 33 per cent in Melco Crown Entertainment, which operates casinos and resorts in Macau.
A Crown spokesperson was not immediately available to comment on the media report.
Fat Prophets gaming analyst Greg Fraser said it was highly likely that Mr Packer would be looking towards the Philippines, which had been touted for some years as another Asian gaming destination open to development, along with Singapore and, potentially, Japan.
Mr Fraser said the Philippines, which was creating new gambling licences, could become a major gambling destination similar to Macau.
"When you stand back from what he (Mr Packer) is doing, you can see that he is creating a Pan-Asia gambling network where he'll have the ability to cycle his high-value clients through a variety of destinations, and from Australia through the Philippines to Macau," Mr Fraser said.
The only obvious large destination that was not on Mr Packer's map was Singapore, where the gambling licences were already held by other groups.
Mr Fraser said the original intention of Crown's joint venture with Lawrence Ho in Macau was to initially invest in Macau and then to look to further ventures throughout Asia.
This did not mean that Crown would pay any less attention to its casinos in Australia or the potential to expand operations in Australia.
"I think the opposite is likely to happen," Mr Fraser said.
"If the report (in relation to the Philippines) is true, the Philippines joint venture will be done and funded through the Melco Crown vehicle, not through Crown."
SM group in talks with Melco for $1-B casino in Manila
http://www.abs-cbnnews.com/business/...o-crown-casino
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June 27th, 2012 03:09 PM #1
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June 27th, 2012 03:19 PM #2ganda ng apelyido ni james....parang bastos.
kung sm partner, malamang malapit sa moa yung casino.Last edited by chua_riwap; June 27th, 2012 at 03:26 PM.
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June 27th, 2012 03:25 PM #3malamang sa pagcor city din yun sa tabi ng belle grande manila bay...malapit na nga din sa moa...magiging 5 big casino kung sakali meron sa paranaque...
pang casino nga apelyido hehehe
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June 27th, 2012 03:50 PM #4mali naman kase ang banat ng mga casinos dito eh, hiwa-hiwalay. dapat may isang lugar lang like for example LV strip. yun nga sa Macao layo din ng pagitan ng casinos in between two islands. kasi para something to look forward to pag weekends, tapos pagdating parada na lang tsikot, tapos shuttle shuttle na lang tulad ng sa macau and monorails sa LV.
and also, this will not infuriate the Catholic church coz casinos are gambling.
alam naman natin na ang casinos are not only for gamblings, yun mga designs, shows, conferences, trade shows na ginaganap sa mga casino cities yun ang mas masarap i-look forward. Filipinos are not gamblers bec. we're Catholic pero maganda na din yun may casino tayo for non-Catholic foreigners to travel here, para mag-up ang tourism and then tayo mga locals pasyal pasyal lang, hotel hopping
in Vegas last year, I made sure na 5 days 4 nights ako dun, and grabeh kulang pa din ang oras ko. Las Vegas houses two biggest Premium Outlets in the West Coast, dun nga ako nakabili ng levi's 501 na tig P800 and bass and hush puppies na less than P1.2K lang. ang sarap talaga sa mga lugar na fusion na iba't ibang races, tourists and cultures, sobrang saya
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June 27th, 2012 04:39 PM #6ayan na OB isang bagsakan na ang mga casino sa pagcor city
my plano din monorail dun hangan makati at flyover link dun
yun lang 5yrs in the making entertaiment city sa paranaque
tama si OB di lang pasugalan ang casino...makalipat na nga ang work nun
dumadami ang investors sa pinas a
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June 27th, 2012 07:21 PM #9Just waiting for the CBCP to get wind of this and they'll saying gambling is evil (kasi wala silang cut sa daily house take).
Originally Posted by frequenzy
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June 27th, 2012 09:45 PM #10^ pero tinatanggap naman nila yung bigay ng pagcor.
galing din naman sa sugal yun ah.......
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June 28th, 2012 08:06 AM #11Hahaha! Iba siyempre kung sa bibig nila at bulsa ang punta.... Originally Posted by chua_riwap
^ pero tinatanggap naman nila yung bigay ng pagcor.
galing din naman sa sugal yun ah.......
Ituloy na yan,- M*d3r Packer..... :hysterical:
Hindi kaya malayong kamag-anak iyan ni Greg?
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June 28th, 2012 09:37 AM #12Packer and Ho flew to Manila on Tuesday to sign the deal that could be announced as early as this week...
The casino would form part of a huge gambling development, which the government hopes will turn the Philippine capital into the world's number-two gaming destination ahead of Singapore and Las Vegas, and behind only Macau.
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June 28th, 2012 09:41 AM #13Let's roll the dice!..... Originally Posted by timrev
Packer and Ho flew to Manila on Tuesday to sign the deal that could be announced as early as this week...
The casino would form part of a huge gambling development, which the government hopes will turn the Philippine capital into the world's number-two gaming destination ahead of Singapore and Las Vegas, and behind only Macau.
(Maraming balasador ng sakla
ang puwede riyan... :hysterical
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June 28th, 2012 09:54 AM #14kaya pala baka isasara na daw ang 'casino filipino - heritage' sa 2014...un license ililipat sa melco crown
sigurado my magrarally nanaman nyan...wag na sana pigilan sigurado work at investment yan kung sakali kababayan
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June 28th, 2012 01:25 PM #15 Originally Posted by timrev
ayan na OB isang bagsakan na ang mga casino sa pagcor city
my plano din monorail dun hangan makati at flyover link dun
yun lang 5yrs in the making entertaiment city sa paranaque
tama si OB di lang pasugalan ang casino...makalipat na nga ang work nun
dumadami ang investors sa pinas a
saka alam ko may bago pinagkakakitaan ngaun ang mga LV Casino hotels eh. due to advent of internet ****, ang dami amateur **** makers ngaun na naghotel and do their thing so that means kita or fully-booked ang mga hotels.
sa Macau nga lang sa hotel na tinuluyan ko 2 weeks ago, may nakasabay ako sa elevator 2 blondes and 1 black girls at isang pogi na Hapon, and 2 out of shaped caucasians na may mga dala mga bag. i'm assuming those are camera. so malamang mag-film sila. in the next day, ganun din iba naman mga prostis
so yun ang pinapanood nyo sa internet ngaun. we live in interesting times
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July 6th, 2012 05:28 PM #16Tycoons Sy, Packer, Ho team up for casino in Manila
http://www.abs-cbnnews.com/business/...-casino-manila
bumili lang pala sila ng stock sa belle
kala ko pa naman seperate nila ipapatayo ang melco crown
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August 16th, 2012 11:03 AM #17Belle-Melco deal readied
BELLE-MELCO DEAL READIED - SM Investments Corporation
CASINO DEVELOPER Belle Corp. is keen to seal next month a partnership with Melco Crown Entertainment Ltd. for the development of a gambling complex near Manila Bay.“Hopefully, [we will finalize the deal] by the first week of September.
That’s [within] the 60-day window we’ve given ourselves,” Willy V. Ocier, Belle vice-chairman, told BusinessWorld in a chance interview.
Belle is currently devoting “significant resources” for the early 2013 completion of Belle Grande, which will rise on a 6.2-hectare site within the state-run Bagong Nayong Pilipino Entertainment City.
Belle is determined to forge its partnership with Melco Crown despite the reported difficulties of the Macau-based firm in securing a casino permit for its latest gaming development in the Chinese territory dubbed The Macau Studio City Project.
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August 16th, 2012 11:11 PM #19nakakasira ng pamilya ang casino.... tingnan ninyo sa Singapore, daming naging pathologic gambler....
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August 17th, 2012 09:22 AM #20kung sabagay my tama ka..pero sa iba ok lang malaki kasi pasahod sa casino Originally Posted by jon777
nakakasira ng pamilya ang casino.... tingnan ninyo sa Singapore, daming naging pathologic gambler....
i just wish that they will build theme park or pwede rin F1 race track katulad sa monaco sa pagcor city, paranaque
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Originally Posted by frequenzy
