Monday 24 September
Powered by Ajaxy
Apr 26, 2016 @ 8:27

Belle wants level field as Razon targets expansion


THE GROUP behind City of Dreams Manila raised concerns on the potential impact of the domestic expansion of the owners of gaming licensees, urging the government to dissuade them from putting up casinos outside Entertainment City where local and foreign investors have invested huge sums of money.

On the sidelines of its stockholders’ meeting in Pasay City, Belle Corp. Vice-Chairman Willy N. Ocier told reporters yesterday the SM-backed company is focused on making City of Dreams profitable, but it may consider expanding in the future only because its competitors are doing so.

“In the license that we all have, it guarantees a level playing field. There is [a] clause in our license na dapat (that it should be a) level playing field,” Mr. Ocier said.

Tags: ,

Related Stories
Foreign Affairs Secretary Alan Peter Cayetano is scheduled to visit Beijing to discuss the crafting
Pasay City remains the location of choice for air passengers.
Integrated property developer SM Prime Holdings Inc. saw its first half profit jump 16 percent
Department of Local and Interior Government (DILG) Officer-in-Charge Secretary Eduardo Año on Wednesday said President

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.