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Packer expected to enter Philippines deal

18 June 2008

PHILIPPINES -- As reported by the Agence France-Presse: "Australian gaming and media tycoon James Packer is expected to sign a $1.5-billion deal to build a hotel and casino resort in the Philippines, an official said Monday.

"Dodie King, spokesperson for the government-run Philippine Amusement and Gaming Corp. (Pagcor), said he expected a deal would be signed with Packer 'within the next few weeks.'

"Packer's resort will form part of a $20-billion project that Pagcor hopes will turn 120 hectares of reclaimed land on Manila Bay into one of Asia's biggest gaming destinations..."

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