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$500 million IPO for Pinoy casino


500 million IPO for Pinoy casino

Malaysia Genting gambling corporation and it's Philippino partner are taking their Manila casino on a public offering which would see the group acquire $500 million fund to reinvest in the Pinoy gambling market. Genting Hong Kong controls and operates the Resorts world Manila Casino and the IPO could be launched as early as the third quarter of 2013.