Reuters – Japan’s Universal Entertainment Corp has terminated a deal under which Century Properties Group Inc was to invest in its casino complex on Manila Bay and develop part of the $2-billion project, the Philippine developer said. Century Properties said in a statement it would contest a notice of termination received on Wednesday from the “Okada Group”, a reference to Tokyo-listed Universal Entertainment and other firms controlled by billionaire gaming magnate Kazuo Okada. Century officials said the Japanese group sought changes to terms of the agreement that would have eliminated its exclusive rights for the luxury commercial and residential portion…

Bloomberg – Philippine billionaire Enrique Razon wants to use his Manila casino venture as a springboard to expand overseas, replicating the strategy that made his family’s port company one of Southeast Asia’s largest operators. Razon, who parlayed a Manila port franchise his family obtained in 1988 into a company with operations in 18 other countries, is interested in markets with established rules for gaming licenses, such as Macau and parts of Latin America. “We just have to build the brand,” Razon said in an interview in Manila yesterday. He expects Macau’s government will allow new entrants into the world’s largest…