SM Group

    Related Articles

    Philippine stocks latest casualty of China crackdown

    Casino operators in the Philippines have emerged as the latest companies to see their shares plummet over the weekend as investors reacted to China’s vow to crackdown on foreign casinos luring Chinese gamblers abroad. The biggest loser was Bloomberry Resorts Corp., which owns Solaire Resort and Casino.The company’s share value fell 11.6 percent from Friday […]

    Betting on the Philippines’ island potential

    The Philippines was one of the best-performing casino markets around Asia in 2015, defying the regional slump to post a 17 percent increase in gross gaming revenue. Most of the focus has been on the multi-billion dollar resorts springing up in Manila’s Entertainment City, but industry experts say there’s plenty of opportunity outside of the capital.