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Wynn Resorts eyes Philippines

21 March 2007

PHILIPPINES – As reported by the Manila Times: "Las Vegas-based Wynn Resorts said it is pursuing investment opportunities in the Philippines, one of which is a hotel casino similar to its Macau facility.

"The company's disclosure comes as state-run Philippine Gaming and Amusement Corp. (Pagcor) announced plans to set up a world-class gaming and entertainment complex in Manila Bay, patterned after Las Vegas of the United States.

"Tim Shiah, a representative of Jack Binion of Wynn Resorts, said the company is 'committed to look at all opportunities in the Philippines.' Jack Binion runs the international operations of the hotel casino chain, the first of which was Wynn Macau.

" 'Wynn Macau is actually looking into the Philippines. Jack Binion is director of Wynn International that's why he's been down here for the last couple of years and they're looking [around],' Shiah said at the Asia Gaming and Entertainment Expo briefing.

"…Hotel chain owner Steve Wynn and Binion had talked about duplicating Wynn Macau in the country, Shiah said, adding that the renewal of the license and eventual amendment to the charter of Pagcor would make it easier for the group to enter the local gaming scene…"

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