Wednesday, 9 October 2013

INQUIRER.net: Melco Crown hikes investment in casino project ‘City of Dreams Manila’

INQUIRER.net
Philippine News for Filipinos 
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Melco Crown hikes investment in casino project 'City of Dreams Manila'
Oct 10th 2013, 00:34

MANILA—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.   The "City of Dreams Manila" project, to open in mid-2014, will now require an initial outlay of $680 million, or $60 million more than previously announced, its chief executive Lawrence Ho said in Manila.   "We think it's going to be money well spent. As a company we make sure that there's good value in terms of where we put the money in," he told a brief news conference.   The casino is a joint venture with the SM Group of Chinese-Filipino billi...

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