Philippines Poised To Be Asia?s Second-largest Casino Hub In Asia
According to the president of Manila's gaming agency, the Philippines may surpass Singapore as early as next year to become Asia's second-largest gambling destination after Macau with the launch of several new integrated resorts.
The post Philippines Poised To Be Asia’s Second-largest Casino Hub In Asia appeared first on LUXUO.
According to the president of Manila’s gaming agency, the Philippines may surpass Singapore as early as next year to become Asia’s second-largest gambling destination after Macau. This is because new integrated resorts are expected to increase visitor numbers and counteract a fall in Chinese tourists visiting the country.
Enrique Razon, Filipino billionaire and the chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. Image: Casio.org
Alejandro Tengco, chairman and CEO of state regulator Philippine Amusement and Gaming Corp, or Pagcor, stated in an interview on Tuesday at his office that up to eight more casino projects are being planned, in addition to the new integrated resort that billionaire Enrique Razon’s Bloombery Resorts Corp. is set to open in Manila later this year. According to him, the regulator also intends to sell state-run casinos by early 2026.
?If Singapore doesn?t expand, they will plateau. Don?t be surprised if we will surpass them next year,? Tengco said.
Image courtesy of Unsplash
After setting a record of PHP285 billion last year, the Philippines ...
The post Philippines Poised To Be Asia’s Second-largest Casino Hub In Asia appeared first on LUXUO.
According to the president of Manila’s gaming agency, the Philippines may surpass Singapore as early as next year to become Asia’s second-largest gambling destination after Macau. This is because new integrated resorts are expected to increase visitor numbers and counteract a fall in Chinese tourists visiting the country.
Enrique Razon, Filipino billionaire and the chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. Image: Casio.org
Alejandro Tengco, chairman and CEO of state regulator Philippine Amusement and Gaming Corp, or Pagcor, stated in an interview on Tuesday at his office that up to eight more casino projects are being planned, in addition to the new integrated resort that billionaire Enrique Razon’s Bloombery Resorts Corp. is set to open in Manila later this year. According to him, the regulator also intends to sell state-run casinos by early 2026.
?If Singapore doesn?t expand, they will plateau. Don?t be surprised if we will surpass them next year,? Tengco said.
Image courtesy of Unsplash
After setting a record of PHP285 billion last year, the Philippines ...
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