Melco go for PAGCOR Casinos in Philippines

Melco Resorts & Entertainment could be interested in all or some of the casinos operated by PAGCOR in the Philippines when they come up for sale next year.

The Philippine Regulator has been told by the Government that they need to step away from operating casinos and be a regulator only, hence the sale. In an interview with Macau Business Daily Melco said, “the company welcomes the ‘developments’ disclosed by the Philippines Amusement and Gaming Corporation (PAGCOR) over the weekend, when it announced that it will start privatizing 17 exclusively-run casinos countrywide next year.”

Recently Lawrence Ho said in an interview with the same publication that, “Melco would be “open-minded” about bidding on PAGCOR properties, the company would be “very strategic in terms of looking at it.” “If there was a big redevelopment opportunity, a whole hotel that we could redevelop, we would be potentially interested in doing that.”