FILE - In this May 20, 2006 file photo, Henry Sy Sr., left, patriach of the Sy family and chairman of the SM Prime Holdings Inc. sits on the wheel chair as he is escorted by his grandson Hans Sy Jr. ... more 
FILE - In this May 20, 2006 file photo, Henry Sy Sr., left, patriach of the Sy family and chairman of the SM Prime Holdings Inc. sits on the wheel chair as he is escorted by his grandson Hans Sy Jr. right, during the opening of the SM Mall of Asia in suburban Pasay City, south of Manila, Philippines. Macau gambling company Melco Crown Entertainment is teaming up with the Philippines' richest man to develop a $1 billion Manila casino resort in a sign of the industry's plans for rapid expansion in Asia. Melco said late Thursday, July 5, 2012 it will develop the project with three companies controlled by Philippine tycoon Henry Sy. Melco is jointly controlled by Lawrence Ho, who is the son of Macau casino king Stanley Ho, and by James Packer, the son of late Australian media magnate Kerry Packer. (AP Photo/Pat Roque, File) less 
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Associated Press | Photo By Pat Roque, File
Fri, Jul 6, 2012 6:21 AM EDT