MANILA: The Philippines can overtake Singapore as soon as 2025 as Asia’s second-largest gambling destination after Macau, the head of Manila’s gaming agency says, with new integrated resorts seen boosting visitors and offsetting a decline in Chinese tourist arrivals.
A new integrated resort by billionaire Enrique Razon’s Bloombery Resorts Corp will open in Manila later in 2024, while up to eight more casino projects are being planned, Alejandro Tengco, chairman and chief executive of state regulator Philippine Amusement and Gaming Corp (Pagcor), said in an interview at his office on Tuesday.
