A new integrated resort will open in Manila later this year, while up to eight more casino projects are being planned.
Mr Alejandro Tengco, chairman of Philippine's state-run gaming regulator, said a new integrated resort will open in Manila later in 2024.
Singapore’s Gambling Regulatory Authority said it had no comment when Bloomberg News asked regarding Mr Tengco’s remarks, and referred to the financial statements of Genting Singapore and Las Vegas Sands for the revenues of the two integrated resorts in the city-state. Slower Chinese tourist arrivals will not hinder the industry’s growth, he said, with Philippine casinos mostly drawing in locals and those from South Korea, Japan, Malaysia and Singapore.
“Our advantage over Macau is they don’t have online gaming,” Mr Tengco said. Pagcor plans to launch its own online gaming website later in 2024, and is seeking a joint venture partner to operate it, he said.
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