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Tag Archives: SM Investments

Philippines – SM Investments buys into City of Dreams Manila

Melco Crown has got a new partner for its City of Dreams casino resort in the Philippines. SM Investments, a company owned by the Sy Family in Manila, has bought a controlling stake in Premium Leisure Corp for US$6.4 m, which owns half of City of Dreams Manila resort. SM is one of the largest…

The Philippines – SM Investments plays down reports of a casino on Cebu

Philippine banker SM Investments Corp. has played down reports that it is to develop a casino project in the Queen City of the South in Cebu, an island province in the Philippines. SMIC chief finance officer Jose Sio said that whilst a casino development was being “dreamed of” in Cebu, his company had ‘no specific…