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Genting HK's casino JV slashes target of Philippine IPO

Published Tue, Oct 8, 2013 · 10:00 PM

THE proposed initial public offering of a Philippine casino joint venture (JV) between Malaysian gaming tycoon Lim Kok Thay's Genting Hong Kong and Philippine conglomerate Alliance Global Group is back on the table, but looks to raise about half its initial target of up to 42.3 billion pesos (S$1.22 billion).

Travellers International Hotel Group, which operates the Resorts World Manila casino and hotel, has set an indicative IPO …

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