They must really be banking on this.
“Macau-based casino giant Melco Crown Entertainment Ltd. is substantially jacking up its investment in the City of Dreams Manila integrated casino project from PHP28 billion to PHP37 billion,” reports Neil Jerome C. Morales in The Philippine Star.
Melco plans to start operations of City of Dreams Manila casino complex in the fourth quarter this year.
The report noted that “last month, Melco Crown partnered with DreamWorks Animation to put up Dream Play, 2,000-3,000-square meter indoor ‘edu-tainment’ theme park, which will become the family entertainment component in the integrated casino project.”
City of Dreams Manila will offer 365 gaming tables, 1,680 slot machines, and 1,680 electronic table games.
The project is Melco Crown’s first gaming foray outside Macau, where it operates the City of Dreams and Altira Macau casinos.
The report revealed: “Belle Corp., the gaming arm and upscale leisure developer of mall and banking conglomerate SM Group is the builder of the casino and hotel complex in the Manila Bay reclamation area.”
City of Dreams Manila will be the second casino complex to open at the Philippine Amusement and Gaming Corp.’s 120-hectare Entertainment City. In March 2013, port mogul Enrique Razon opened the Solaire Resort and Casino.
Screengrab from the Melco Crown (Philippines) Resorts Corp. website
