Resorts World Bayshore is an intergrated resort which is scheduled to open in 2018. It is being developed through a joint venture between Travellers International Hotel Group, Genting Hong Kong and Alliance Global Group. The project is budgeted at $1.4 billion.
Philippines state-run gaming regulator will soon revoke the reduced license fees given to the four casinos in Entertainment City, according to the Manila Bulletin. Philippine Amusement and Gaming Corp chairperson Andrea Domingo said the Commission on Audit had already warned Pagcor about the imposition of special rates for some casinos, which costs the government billions […]
Enrique Razon Jr. has warned of an oversupply of casinos in the Manila Bay area, with two more gaming complexes scheduled to open in the next two years, The Inquirer reports. “It’s too many, too fast,” said Razon, chairman of Bloomberry Resorts Corp. on the sidelines of the International Container Terminal Services Inc. annual general […]
The Philippine gaming market is expected to be one of the fastest growing in Asia this year, though early signs of cannibalization amongst newly opened resorts has led to some concern the market may not be deep enough to support the planned multi-billion properties.