Caesars Entertainment eyes US$1b casino resort in Manila

Hong Kong

CAESARS Entertainment Corp, the largest operator of US casinos, is seeking a licence from the Philippine government to build a US$1 billion resort in the country, betting on luring gamblers from across Asia.

Chairman Gary Loveman and Steven Tight, president of the Las Vegas-based casino owner's international development unit, held preliminary talks with Philippine President Benigno Aquino last month in the US to discuss the possibility of building the resort in the South-east Asian country, Mr Tight said by phone yesterday.