Melco Crown Ent. in talks to develop casino in Philippines

Jul 2, 2012 6:58 PM

The gaming market in the Philippines may be growing with the addition of another major player.

Reports indicate Melco Crown Entertainment Ltd. (MPEL) is in talks to partner with Belle Corporation to develop a casino in Manila. The partnership would combine the casino operators Lawrence Ho and James Packer with Henry Sy Jr., the Philippines’ richest man.

Melco Crown operates the Altira Macau and City of Dreams casinos in Macau and a chain of small gaming machine locations. The company is seeking Macau approval for a casino at its Studio City project on the Cotai Strip.