Manila sets US$300m tag for new casinos outside capital

Manila

THE Philippines is open to issuing gambling licences outside the capital of Manila and plans to require the minimum investment for new casinos at about US$300 million to ensure world-class properties are in provincial cities and towns, its gaming regulator said.

"There are areas which I think are very ripe for a casino," Cristino Naguiat, chairman of the Philippine Amusement and Gaming Corp, said in an interview, declining to disclose those locations. The agency is "…