Century Properties Joins $2B Universal Manila Bay Project

Law360, New York (November 1, 2013, 3:57 PM EDT) -- Century Properties Group Inc. has teamed with Kazuo Okada's Universal Entertainment Corp. affiliate in the Philippines for the partial ownership of a $2 billion casino and resort project in Manila, with Century and a partner taking 720 million shares of the affiliate entity.

The deal gives Century and First Paramount Holdings 888 Inc. a significant stake in Eagle I Landholdings Inc. and its massive project, which is expected to open in 2015 with three hotels and 322,000 square feet of gaming space with 3,000 slot machines...
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