Saturday, Aug 30, 2014Saturday, Aug 30, 2014
SE Asia
 

Philippines mega-casino set to open next month

Published on Feb 6, 2013 1:41 PM
 
Workers putting final touches to a lobby inside the Solaire casino in the entertainment city in Metro Manila's Pasay city, . Buoyed by stellar economic growth and one of the world's top performing stock markets this year, Philippines' casino rush is starting with the slated opening in March of the S$1.5 billion Solaire property. -- PHOTO: REUTERS

MANILA (AFP) - A US$4 billion (S$5 billion) mega-casino complex is set to open in the Philippines in mid-March when the first of four franchise-holders starts commercial operations, the parent firm said in a disclosure released on Wednesday.

The US$1.2 billion Solaire Manila Resorts is one of four gaming operations licenced at Manila's bayside Entertainment City, a government project designed to compete with Macau, Las Vegas and Singapore as a gaming hub.

Boasting 500 hotel rooms set in modern resorts, Solaire will open its doors on March 16, parent company Bloomberry Resorts Corp. said in a disclosure to the Philippine Stock Exchange.

"(We) confirm that (Bloomberry's) Solaire Manila Resorts and Casino has collected the top former operating officers of world-renowned casinos in Las Vegas and other parts of the world," it said in a letter to the exchange.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos