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Melco Crown Entertainment Limited Message Board

  • mrtaxx mrtaxx Feb 11, 2013 1:28 PM Flag

    And the 2nd biggest place to Gamble in the world is

     

    It's where MPEL is investing.
    It's Manilla: Manila to become the second largest gambling hub in the world.....

    It says in the Manila Sun that the Belle Grande is schedule to open end of 2013 and CC manuscripts implies mid 2014 opening.

    Also suggested MSC is mid 2015 opening, which is a amazingly long time as they are looking at the Parisian opening end of 2015 and they have not even broke ground yet and will have 3000 rooms a extra 1000 more than MSC.

    I think Lawrence Ho throws these dates out there and if they open sooner it will boost the stock price at that time. Whatever it is the Belle Grande casino will have the best and largest revenue driven casino in Manila.

    With mpels connection in Macau and a 15% vip tax rate, there will be no end of junkets lining up to put their punters in to the Manila casino. But more importantly for me is the reputed 8-9 million people on SM Mega mall data base that are wealthy individuals that they can direct market to.....

    From grftt's posting on the LVS board:

    This topic is deleted.
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    • $6B annually & split by only 2 casinos... but you knew that already.

      • 1 Reply to mbablitz
      • 10 Billion by 2017 in 4 years

        A 500-room mega-casino complex near Manila Bay owned by the group of port tycoon Enrique Razon and designed to rival those in Macau and Las Vegas is set to begin commercial operations on March 16.

        The $1.2 billion Solaire Manila Resorts is one of four gaming operations licenced at Manila’s bayside Entertainment City, a government project designed to compete with Macau, Las Vegas and Singapore as a gaming hu. has initially hired 400 Filipinos with working experiences in casino hotels across the globe to serve its high-end gaming clients. a 100-hectare property reclaimed from Manila Bay and owned by the Philippine Amusement and Gaming Corp. (Pagcor).

        Bloomberry is one of the four franchise holders in Entertainment City and the first to complete a project. The three others are Andrew Tan’s Alliance Global, Japanese tycoon Kazuo Okada and taipan Henry Sy’s Belle Corp.

        Australian billionaire James Packer and Macau gaming tycoon Lawrence Ho are shareholders in the project. The investors are required to fork over at least $1 billion each.

        “Many of the most modern resorts and gaming equipment and facilities are installed and will be used in Solaire Manila,” Bloomberry said in a disclosure to the Philippine Stock Exchange yesterday. It also said Solaire will have 300 more rooms in two years as part of the project’s “Phase 1a.”

        “We affirm that Bloomberry’s Solaire Manila Resorts and Casino has collected the top former operating officers of world-renowned casinos in Las Vegas and other parts of the world,” it said.

        Pagcor chairman Cristino Naguiat has projected at least $10 billion in revenues by 2017 from the operations of the four gaming giants in Entertainment City. Bloomberry said it could not confirm the figure. If Naguiat’s figure is accurate, it could put Entertainment City among the world’s gaming big leagues.

        Belle disclosed early this week that it had spent P2.886 billion for the construction of its Belle Grande Manila Bay Integrated Resort and Gaming complex.

        The four groups are also raising P6.5 billion to help fund an elevated road project linking the Ninoy Aquino International Airport with the Entertainment City. A dedicated road between the airport and Entertainment City is expected to encourage more visitors to the casino resort.

        The P15.86-billion Ninoy Aquino International Airport Expressway project spearheaded by the Department of Public Works and Highways is part of the government’s public-private partnership or PPP program.

        Sentiment: Strong Buy

 
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