Despite fallout from the latest blowup between Wynn Resorts and Kazuo Okada over the latter’s development in the Philippines, two casino operators from Macau are showing interest in PAGCOR’s Entertainment City Manila (ECM).
Reuters reports that executives from Melco Crown Entertainment and casino magnate Francis Lui of Galaxy Entertainment recently met with PAGCOR Chairman and CEO Cristino L. Naguiat Jr.—separately, it is to be assumed.
If followed through, they could become the fifth and sixth projects at Entertainment City Manila, each of which requires a minimum investment of $1 billion from its developer.
“There is growing interest,” Naguiat told Reuters. “The fact that in just two weeks I have had two visitors from big companies in Macau says something about it.”
The four casino resort projects currently under way at ECM are Belle Grande from SM Consortium’s Belle Corp., Manila Bay Resorts from Tiger Resorts Leisure and Entertainment, Resorts World Manila Bayshore from Travellers International Hotel Group and Solaire Manila from Bloomberry Resorts Corporation.
The developers of Belle Grand recently requested another 10 hectares from PAGCOR for a second billion-dollar resort at ECM.