He was the man behind SM Investments Corp., as well as Belle Corp., which invested in Melco-owned City of Dreams Manila.
Leisure estate and gaming firm Belle Corporation remains bullish that it will continue to enjoy positive revenues in 2016.
Henry Sy’s Premium Leisure Corp. has raised a little over Php6 billion (around $137 million) after pricing shares at a discount.
Three of the five richest Filipinos named by Forbes magazine are all involved in the blossoming casino industry in the Philippines.
The once dormant holding firm will be receiving 100 percent of Belle Corp's stakes in Premium Leisure Amusements Inc.
Four of the five richest Filipinos all have one thing in common
Enrique Razon Jr.'s net worth jumped $2 billion, an increase from $1.9 billon the previous year to $3.9 billion this year. Much of that can be attributed to Razon's stock in Bloomberry Resorts, the developer tasked to build Solaire Manila.