Friday 18 January
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.

Please follow and like us:

Tags: ,

Related Stories
Realty developer DoubleDragon Properties Corp. expects sales to reach an all-time high of P6.1 billion
The ultimate shocker was how the Japan delegation showed up late to an event in
Integrated property developer SM Prime Holdings Inc. announced that Swedish furniture maker IKEA would open
Metro Pacific Investments Corp. chairman Manuel V. Pangilinan admitted he was surprised by Transportation Secretary

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.