City of Dreams Manila from local and international acts such as Gary Valenciano, Zsa Zsa Padilla, Ne-Yo and Kelly Rowland dubbed as the "Concert of Dreams" to mark its grand launch. City of Dreams Manila is a sister resort to City of Dreams in Macau. It is the second of four billion dollar casinos to rise in Manila's gaming strip after Solaire Resort & Casino which opened in March 2013. The resort consists of six hotel towers with 938 rooms, which includes a Nobu Hotel, Nuwa (formerly Crown Towers) and a Hyatt Regency Hotel (rebranded from Hyatt). It has 289 gaming tables, 1,620 slot
James Packer In October 2008, Packer wrote down his final 25% stake in PBL Media to zero. By the end of 2012, debt from CVC's acquisition had overwhelmed Channel Nine and US hedge funds ousted CVC, taking complete ownership. Packer was a director of Australian Telecommunications company One.Tel, which was declared insolvent during May 2001. The collapse of One.Tel cost PBL 327 million. Packer admitted at a PBL annual general meeting that he had learned "painful lessons" from the collapse of One.Tel. Later at the liquidator's inquiry over the collapse he denied that he was apologising for his own personal conduct; instead,