Caesars Seeking to Build $1 Billion Casino in Philippines
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Caesars Entertainment Corp., the largest operator of U.S. casinos, is seeking a license from the Philippine government to build a $1 billion resort in the country, betting on luring gamblers from across Asia.
Chairman Gary Loveman and Steven Tight, president of the Las Vegas-based casino owner’s international development unit, held preliminary talks with Philippine President Benigno Aquino last month in the U.S. to discuss the possibility of building the resort in the Southeast Asian country, Tight said in a phone interview yesterday.