MANILA: Foreign and domestic firms are expected to invest much as US$6 billion in the Philippines' casino sector in the next five years, the head of its gaming regulator said, bolstering its status among Asia's top gambling destinations as competition increases.
At least one new casino-resort will open every other year including in areas outside Manila like Clark, a former US military base north of the capital, and Cebu in the country's central region, Philippine Amusement and Gaming Corp Chairman Alejandro Tengco said on Tuesday (March 19).
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
