运营商新闻
Philippines – Belle Grand partner raises P1.65bn
By 菲尔 - 4 年 2013 月 XNUMX 日
Leisure & Resorts World Corp. (LRWC) has raised P1.65bn in new finance, some of which will be used for its involvement in the $1bn Belle Grande Integrated Resort and Casino that will soon be built in Manila.
LRWC confirmed it had made the transaction through a share sale of preferred shares to ten private investors led by Government Service Insurance System, which invested P800m, and Philippine Commercial Capital, which invested P200m.
The company stated: “The fresh funds will be used to primarily finance LRWC’s participation in the Belle Grande Integrated Resort and Casino project; the construction renovation and capital expenditures for the Midas Hotel and Casino; the construction of the Techzone BPO building in Makati City; and the acquisition and roll-out of additional bingo sites, among others.”
LRWC will be contributing P4bn to the Belle Grande gaming complex, a project being overseen by Belle Corp. and Melco Crown Entertainment.
