Casino investor Widus International Leisure Inc. (WILI) is considering listing its company with the Philippines Stock Exchange as part of its efforts to expand its business in the Southeast Asian archipelago.

WILI President and CEO Han Daesik considered seeking fresh funds for its expansion project through an initial public offering (IPO) but decided to wait for the market to recover, according to the GGRAsia report.

Daesik noted that the current government had fast-tracked 15 big-ticket infrastructure projects, including the PHP285 billion (US$5.3 billion) North-South Commuter Railway, the PHP211.46 billion ($3.96 billion) Malolos-Clark Railway, and the PHP134 billion ($2.51 billion) Philippine National Railway South Commuter Line.

Pending the completion of these infrastructure projects, Daesik said the company has “decided to postpone [the IPO] a little bit.” He estimated the IPO may happen after the completion of phase two of its current expansion programs.