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PH set to open $1 billion casino-resort

14 March 2013 No CommentEmail This Post Email This Post

Casino dealers work on their respective games during the media tour of the new Solaire Casino, one of the country's biggest casinos Thursday March 14, 2013 at suburban Pasay city south of Manila, Philippines. Michael French, chief operating officer of Solaire Resort and Casino, said Thursday that studies not commissioned by his company project that the country’s gaming revenue of $1.9 billion could rise to $6 billion, which is currently what Singapore generates, in about five years. Officials of a $1-billion casino resort, with majority shares owned by the country's second richest Filipino Enrique Razon Jr., say they plan to help make the Philippines one of the biggest gaming centers in the world. It is the first of four such developments on a 100-hectare (240-acre) land reclaimed from Manila Bay.(AP Photo/Bullit Marquez)MANILA (AP) — The Philippines will become one of the biggest gambling centers in the world, vying with Macau, Singapore and Las Vegas for Asia’s high rollers, officials of a $1 billion casino resort opening in Manila this weekend said Thursday.

Studies project that the country’s gambling revenue of $1.9 billion will rise to $6 billion, which is currently what Singapore’s two casinos generate, in about five years, said Michael French, chief operating officer of the Solaire Resort and Casino.

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