Two New Casino Resorts Planned for Manila
Skift Take
Tycoon Manuel Villar Jr. plans to open his first casino in Manila by 2025, investing $1 billion in two integrated casino resorts, with the first located at Vista Mall Global South in Las Pinas and the second in the Villar City development.
In Sri Lanka, the State-Owned Enterprise Restructuring Unit announced only one bidder submitted an offer for the divestiture of shares held by the government in Hotel Developers (Lanka) Ltd., the owning company of the Colombo Hilton. The SOERU said Melwa Hotels & Resorts (Pvt) was the only bidder that submitted an offer. It will be evaluated by the Special Project Committee and Special Cabinet-Appointed Negotiating Committee against the terms and conditions set out in the RFP. Melwa Hotels & Resorts was one of two companies that were pre-qualified to put forward an offer after a total of nine responses were received. Colliers International Consultancy & Valuation (Singapore) Pte Ltd. is the transaction advisor alongside the platinum advisors for this divestiture.
ONYX Hospitality Group announced the successful completion of the key handover ceremony for its new property in Sri Lanka, Amari Colombo. The milestone marks the official transition of the property to
