Billionaire Razon enters Philippines’ booming online gambling platform

A photo taken on Sept 16, 2016, shows billionaire Enrique Razon, chairman of International Container Terminal Services Inc and Bloomberry Resorts Corporation, during an interview in Manila. -- PHOTO: BLOOMBERG

MANILA (Bloomberg): Tycoon Enrique Razon’s Bloomberry Resorts Corp. launched its online casino platform in the Philippines’ booming internet gambling sector, taking aim at market leader DigiPlus Interactive Corp.

Revenue from electronic games overtook those from large brick-and-mortar casinos for the first time in the Philippines last year, marking a shift in Asia’s second-largest gambling hub, according to the nation’s gaming agency.