The Philippines will become one of the biggest gambling centers in the world, vying with Macau, Singapore and Las Vegas for Asia's high rollers, officials of a $1 billion casino resort opening in Manila this weekend said today.
Studies project that the country's gambling revenue of $1.9 billion will rise to $6 billion, which is currently what Singapore's two casinos generate, in about five years, said Michael French, chief operating officer of the Solaire Resort and Casino.
Solaire will open on Saturday as one the country's biggest hotel-casino complexes in ceremonies to be attended by President Benigno Aquino III, who is targeting 10 million tourists by 2016. Full story
