from today's Hotels news announcements (6/17):
Packer in talks to build $1US.5b casino resort in the Philippines
Neil Gough -- South China Morning Post, June 16, 2008 Monday
"James Packer, the Australian gaming and media magnate whose joint venture with Lawrence Ho Yau-lung is investing billions of dollars in Macau, is in advanced talks to build a $1US.5 billion casino resort in the Philippines.
Mr Packer has emerged as the previously undisclosed owner of Bloombury Investments, a British Virgin Islands firm that is one of four private developers recently tipped by state-owned Philippine Amusement & Gaming Corp (Pagcor) to receive a gaming licence for a cluster of Las Vegas-style mega resorts at Manila Bay, according to Pagcor president and chief operating officer Rafael Butch Francisco.
Bloomsbury has already submitted a $100US million deposit towards plans to develop a 1,700-room resort and convention centre complex that may include a 1,000-room hotel tower bearing Mr Packer's flagship Crown brand......"
for the complete story
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