Wife of mall magnate not keen on casinos

If she had her way, her family’s business strategy will exclude gaming and casino ventures. Felicidad “Mollie” Tan-Sy, the wife of the country’s richest man, Henry Sy, does not support having casino operations as part of the family’s diversified portfolio. A devout Catholic, she has been a strong supporter of Church-led activities and has even funded the construction of some Catholic churches. She was also said to be instrumental in banning adults-only films in cinemas in the family-owned SM malls. SM has the widest network of cinemas nationwide. Daughter Teresita Sy-Coson said it is Belle Corp, 60% owned by their holding firm SM Investments Corp, that is more involved in the gaming business. Belle, which owns the casino license, is looking to its partner MCE or Melco to manage and operate the multi-million-dollar Belle Grande Manila Bay project in the sprawling Pagcor Entertainment City.

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