Packer confident of Manila venture

James Packer waved off worries about the regulatory regime in the Phillipines.

James Packer has dismissed concerns over the regulatory regime in the Philippines, saying he is confident in the nation's gaming market, The Australian reports.

Mr Packer's Asian gaming joint venture Melco Crown is constructing a gaming complex at Manila Bay worth $US1 billion. It is one of three new casinos under construction in the precinct (see Cliona O'Dowd's Collected Wisdom).

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