Billionaire Enrique Razon Jr., one of the Philippines’ wealthiest and most influential businessmen, is setting his sights on expanding his casino empire in the country. According to a recent report by Forbes, Razon is eyeing the opening of his third casino in the Philippines as soon as 2029.
Razon, who is the chairman and CEO of the port operator International Container Terminal Services Inc. (ICTSI), already owns two casinos in the Philippines – Solaire Resort & Casino in Manila and City of Dreams Manila. Both properties have been highly successful, attracting a large number of local and foreign visitors and generating billions of dollars in revenue.
With the Philippine government’s push to develop the country’s tourism and gaming industry, Razon sees an opportunity to further capitalize on the growing demand for entertainment and leisure options in the country. He believes that the opening of a third casino will not only boost his own business interests but also contribute to the economic growth and development of the Philippines as a whole.
Razon’s plans for the new casino are still in the early stages, but he has already hinted at some of the key features that the new property will offer. According to Forbes, the new casino will be built on a sprawling 20-hectare plot of land in a prime location in Metro Manila, making it easily accessible to both local residents and tourists.
The new casino will reportedly feature world-class amenities and facilities, including luxury accommodations, high-end restaurants, entertainment venues, and gaming floors with a wide range of casino games. Razon is also considering incorporating sustainable and environmentally friendly practices into the design and operation of the new property, in line with his commitment to corporate social responsibility.
Despite the challenges posed by the COVID-19 pandemic and the economic uncertainties facing the world, Razon remains optimistic about the future of the gaming industry in the Philippines. He believes that the opening of a third casino will not only create job opportunities and drive economic growth but also position the country as a leading destination for entertainment and leisure in the region.
As Razon continues to work on the development of his third casino, industry analysts and experts are closely watching his moves, anticipating the impact that the new property will have on the Philippine gaming landscape. With his track record of success and his visionary leadership, Razon is poised to once again revolutionize the gaming industry in the Philippines and cement his status as a key player in the country’s economic development.