James Packer Moving Casino Focus To Philippines In Asia

James Packer had big aspirations to bring a mega casino to Las Vegas. The casino was going to be the tallest in the world but Packer came up short in securing the funding needed to build the casino.

Now, Packer has moved on from his Vegas project and has set his sights on Asia. He is prepared to build a $1.5 billion casino in the Philippines.

Packer owns Bloombury Investments that is based in the British Virgin Islands. The company is in the process of securing the gambling licenses necessary to bring the casino to the Philippines.

The plans for the casino are elaborate. The company wants to build high scale shops and restaurants to go along with three luxury hotels. They also want to build a sports and entertainment center.

The casino would be developed on land that faces Manila Bay. Packer is not the only developer looking to bring a casino to the area. Three other local and international developers are also seeking licenses for the area.

Packer did not wait long to move on from his disappointment in Las Vegas. After his plans for the tallest casino in the world fell through, his company quickly rebounded and moved on to the Asia project.

June 16, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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