By Gavin Bowring and Felipe Salvosa
The City of Dreams Manila, an integrated gaming and entertainment resort that cost $1bn to build, threw open its doors this week in an attempt to lure a slice of the revenues of Asia’s gambling market away from Macau and Singapore.
The resort, which was developed by Melco Crown Entertainment in conjunction with Belle Corp, a subsidiary of major conglomerate SM Group, is banking on its 380 gaming tables, 1,700 slot machines, and 1,700 electronic table games to bring in the high rollers and boost its owners’ stock prices.
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