Philippines says it can overtake Singapore next year as Asia’s no. 2 casino hub

[FireOpal]

Philippines says it can overtake Singapore next year as Asia's no. 2 casino hub

The Philippines can overtake Singapore as soon as next year as Asia's second-largest gambling destination after Macau, the head of Manila's gaming agency said, 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 this year, while up to eight more casino projects are being planned, Alejandro Tengco, Chairman and Chief Executive Officer of state regulator Philippine Amusement and Gaming Corp., or Pagcor, said in an interview at his office on Tuesday. The regulator also plans to sell state-run casinos by no later than early 2026, he said.

Tengco estimates Singapore's annual gross gaming revenue to be around $6 billion.

Manila is counting on its integrated resorts and casinos to help boost tourist arrivals hit hard during the Covid pandemic. This year, the country is targeting 7.7 million foreign tourists after drawing in 5.45 million in 2023, still below the pre-pandemic level of 8.26 million in 2019.

https://sg.finance.yahoo.com/news/philippines-says-it-can-overtake-singapore-next-year-as-asias-no-2-casino-hub-025315364.html

[daryl76]

good news, hope more tiongs will go there instead

[Arctic]

Dream on.....

[Keeptrucking]

I don't mind. I believe our casinos when they first opened contributed to the spike in suicides at bedok reservoir.

Both rwa and mbs were built around 2010. The spate of suicides were around 2011.

I don't think it is purely coincidental. What about all the suicides from other places??

Pap need to stop resorting to quick fix just for gdp.

[ninjaghost]

Casino should not become one of the major contributions to SG's GDP.
Less problem although it create many jobs for local as well so it is okay if PH want to overtake.

[Shiori]

good luck to them

[No guessing game]

More crocoaches to be found dead?

[Oldchangkee4eva]

I'm ok with them trying to overtake us. No loss for us. More suicides for their country nia.

[Keeptrucking]

Also, there were suicides at Raffles City too and of course at MBS, with one as recent as just last week.

Am sure gambling has destroyed many lives and families in Singapore. Of course all these were hush hush.

There was also a spate of MRT suicides you guys remember? That one I am not sure when though.

But just imagine the number of suicides if we do not have these barriers built?

[Indented_Dinner]

they can challenge sihanoukville and other border towns of cambodia?