{"id":8359,"date":"2012-04-24T20:00:19","date_gmt":"2012-04-24T20:00:19","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=8359"},"modified":"2012-04-24T20:00:19","modified_gmt":"2012-04-24T20:00:19","slug":"philippines-to-catch-10-of-macaus-profits","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/philippines-to-catch-10-of-macaus-profits\/","title":{"rendered":"Philippine\u2018s to catch 10% of Macau\u2019s profits"},"content":{"rendered":"

\"\"<\/a>THE GAMING industry in the Philippines is aiming to capture around 10% of Macau\u2019s profits by 2016. Macau is the only place in China where gambling is legal. The latest revelations and hopes come from an official casino company.<\/p>\n

“The Macau market which is $35 billion today will be around $50 billion by 2016 if everything goes well,” said Belle Corp. Vice Chairman Willy Ocier, implying that the Philippine gaming market would be worth $4 billion to $5 billion at that time.\u00a0 The rise in profit for the Philipines would be down to the increase in traffic coming from all over Asia, teamed with improved infrastructure.<\/p>\n

Currently, there are only 2 major gaming operators in the Philippines: government-run Pagcor and Resorts World Manila.\u00a0<\/p>\n

But\u00a0Henry Sy-led Belle Corporation, Enrique Razon Jr.’s\u00a0Bloomberry Resorts Corp., and\u00a0Andrew Tan’s Alliance Global and Japanese-led Universal Entertainment are all setting up gaming and hotel complexes in the new Pagcor Entertainment City.\u00a0<\/p>\n

“$1.2 billion is the current revenue of the gaming industry and it is\u00a0currently divided by Resorts World and Pagcor.\u00a0By the end of next year we will have 2 new players, including Bloomberry (Resorts Corp.) and ourselves,” said Ocier.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

THE GAMING industry in the Philippines is aiming to capture around 10% of Macau\u2019s profits by 2016. Macau is the only place in China where gambling is legal. 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