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Ho Plans Philippine Floating Casino

29 March 2005

MANILA, Philippines – As reported by the Philippine Star: "Macau gambling magnate Stanley Ho is back and is set to open his floating casino in Manila Bay, Ilocos Norte Rep. Imee Marcos claimed yesterday.

"Marcos said an influential Chinese-Filipino businessman and a former ambassador have been instrumental in lobbying with the Arroyo administration for Ho's return and for his gambling franchise to operate, though she did not name the businessman or former envoy.

"She said that besides dealing directly with Ho, the Philippine Amusement and Gaming Corp. (Pagcor) is doing business with known Ho associates Lin Wei Cheng and Cheng Yu-tung.

"The latter is the owner of the Hyatt Hotel and Casino Manila at the corner of Pedro Gil and A. Mabini streets in Ermita, Manila, she said.

"…Ho used to operate casinos in the Philippines during the time of the late strongman Ferdinand Marcos, but had to leave the country when Marcos was ousted in 1986…"

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