Ayala not betting on casinos


Ayala Land Inc., the largest Philippine property developer, has ruled out joining other major local companies pushing into the gambling industry. “We will stay focused on family entertainment because most of our customers would prefer more family entertainment,” said  Antonino Aquino, company president. The company did not rule out retail developments to support gaming projects, but said it believed there was more demand for family entertainment. The company is converting a former horse racing center into a sport and cultural complex.