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September 26, 2017 12:41 pm

Since the Philippines opened up its casino market to foreign companies in 2008, the sector has been growing exponentially and in 2016 the country’s gaming industry was worth an impressive $2.3 billion. Nevertheless, there are now rising concerns that the booming Asian gaming hub, second only to Macau and Singapore in terms of growth, may soon start suffering from overinvestment as investors seek out greater levels of profit.
In addition, Filipino billionaire Enrique Anselmo Klar Razon Jr, the CEO of Bloomberry Resorts, believes there is an even greater risk of existing casinos having their businesses cannibalized after state operated casinos are privatised in 2018. As Razon then explains:
“Cannibalization – it is always possible, over investment. With liquidity nowadays and (low) interest rates, people are making investments that 10 years ago (they) wouldn’t even think about, those kinds of returns.”
Razon, the third-richest person in the Philippines with an estimated wealth of around $4.4 billion, owns the $1.2 billion Solaire Resort & Casino on Manila Bay, which opened in 2013. Other huge casino projects also now completed in the Philippines includes casinos owned Philippine billionaire Henry Sy, Macau magnate Lawrence Ho, and Japanese businessman Kazuo Okada.
The largest owner of casinos in the Philippines, however, is the government-run Philippine Amusement and Gaming Corp (PAGCOR) with more than 40 casinos, despite also being the country’s official gaming regulator. Razon said that his company Bloomberry Resorts would consider acquiring more venues when PAGCOR starts privatizing its casinos next year, and that it would also have the advantage over foreign investors for being already established in the Philippines.
“We are not the ones coming in creating the oversupply. It is tougher for the entrant…if Macau companies came to try to buy the licences, we would try to compete with them to buy the licences,” explained Razon.
In the meantime, Bloomberry Resorts is drawing up plans to build another casino in the most populated city in the Philippines, Quezon city, with construction work on the project expected to get underway in the second half of 2018.

The Casino Filipino Angeles in Angeles City.

These are casinos and highly exclusive slot machine VIP clubs located in major cities across the country. Philippine Amusement and Gaming Corporation (PAGCOR) operates most of casinos and slot machine clubs in the Philippines.

Luzon[edit]

Central Luzon[edit]

Golden Nile Bar & Casino in Angeles City
Wild Orchid Resort & Poker Room in Angeles City
Casino Filipino Angeles in Angeles City
Casino Filipino Olongapo in Olongapo
Subic Venecia Casino in Subic Bay Freeport Zone
Oriental Paradise Casino in Subic Bay Freeport Zone
Royce Hotel and Casino in Clark, Pampanga

City of Dreams Manila is a luxury integrated resort & casino at Entertainment City, featuring world-class gaming, entertainment, award-winning hotels & restaurants and premier shopping. It is a 6.2-hectare world-class integrated resort and casino complex located on the Entertainment City gaming strip at Aseana Avenue and Roxas Boulevard in Parañaque, Metro Manila, Philippines.

Metro Manila[edit]

Calabarzon[edit]

Casino Filipino San Pedro in San Pedro, Laguna
Casino Filipino Tagaytay in Tagaytay
Casino Filipino Cavite in Bacoor
PAGCOR/Casina Filipino Laguna in PASEO DE STA ROSA

Visayas[edit]

Western Visayas[edit]

Casino Filipino Bacolod in Bacolod
Arcade-Amigo Hotel in Iloilo City

Central Visayas[edit]

Waterfront Cebu City Hotel & Casino in Cebu City

Mactan Isla Resort and Casino ( Mactan Island)

Mindanao[edit]

General Santos City[edit]

Grand Imperial by Casino Filipino

Davao[edit]

Casino Filipino

Cagayan De Oro[edit]

References[edit]

Casino World Poker

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