PH debuts as Asia’s new gamblers’ haven
By Michael Lim Ubac
A $1.2 billion giant casino was set to open Saturday in the Bay City area of Parañaque City in a high-stakes bid of the Philippines to join the world’s elite gaming destinations.
A $1.2 billion giant casino was set to open Saturday in the Bay City area of Parañaque City in a high-stakes bid of the Philippines to join the world’s elite gaming destinations.
While admitting that his antigambling campaign has become a “voice in the wilderness,” retired Archbishop Oscar Cruz on Friday warned of evils that can be lured into the country with the opening of big casinos in Manila early next year.
After bringing his port terminal operations to other parts of the globe, business magnate Enrique Razon Jr. is scouting for local and overseas expansion opportunities for his gaming-hotel business under Bloomberry Resorts Corp. (Pagcor).
Six business tycoons from the Philippines led by SM group patriarch Henry Sy made it to Forbes Magazine’s 2012 list of richest people on the planet.
Enrique Razon Jr.’s Prime Metroline Transit Corp. has completed its acquisition of listed firm Active Alliance Inc. (AAI), giving the former control in the firm it plans to use as listing vehicle for the group’s hotel-casino venture.
Dormant holding firm Active Alliance Inc. admitted on Thursday that it would eventually become a listing vehicle for tycoon Enrique Razon Jr.’s hotel-casino venture as widely expected by stock pundits.
Business tycoon Enrique Razon Jr.—who built a fortune out of international port terminal operations and boosted his wealth further after selling out of the country’s main electricity superhighway—is building a new business out of rubbish. Yes, you read it right: rubbish. Razon, apparently, agrees with the uber exploited phrase “May pera sa basura (There’s money [...]
