Enrique Razon may now heave a sigh of relief after the Philippine Supreme Court (SC) has pulled out the corporate income tax stake.
Two Chinese junket operators and 18 other players are banned – forever – from Solaire Casino & Resorts.
Bloomberry Resorts posted a $24.86M net loss in Q1 2016 due to higher foreign exchange losses.
Ocier told reporters Pagcor should dissuade owners of gaming licenses from putting up casinos in areas other than Entertainment City.
Casino magnate Enrique Razon Jr announced he will soon build his second casino in the Philippines.
Diawa analysts and Bloomberry boss Enrique Razon Jr. both express concerns that Manila's casino supply will soon exceed customer demand.
Philippine-listed Bloomberry Resorts Corp.’s reported net loss for 2015 has reached PHP3.375 billion (US$52.8 million).
Enrique Razon believes that Philippine gaming will still grow even if high-spending Chinese players never return to the gaming tables.
Despite a sharp decline in the Chinese VIP market, Philippines gross gaming revenue posted double digit growth in 2015.
Enrique Razon’s new venture in Korea’s Jeju Island is shutting its doors temporarily.