Macau operator Lawrence Ho of Melco Resorts is reported to be in the frame for buying the 17 casinos operated by the Philippine Amusement and Gaming Corporation, which are due to be sold off in 2018.
According to the Macau Business Daily, Ho, Chairman of MLCO, is interested in acquiring at least some of the casinos when they come up for sale. He is said to be looking for "something with an hotel for a big redevelopment opportunity".
MLCO already has an interest in the Philippines. It operates the City of Dreams in Manila, a twin of its Macau location with the same name. The Manila location is a billion-dollar entertainment and gaming resort in Parañaque City that recently opened its doors.
