New Luxurious Club to open in City of Dreams Manila
A new luxurious nightclub is expected to open next year in City of Dreams Manila’s iconic Fortune Egg. As you might know City of Dreams Macau hosts Macau’s most popular night club (Club Cubic) so of course we can expect the Manila City of Dreams night club to be a world class club as well.
We have a feeling that the creators of Republiq (Embassy, Opus, Prive, etc.) might be the ones to operate this club, but this is unconfirmed as of now.
Billionaire Razon Jumps to Casinos from Containers
By Netty Ismail - Nov 7, 2013. Bloomberg Markets Magazine
blurb from article...
Sy is teaming up with two Macau casino moguls: Australian James Packer and Lawrence Ho, a son of Stanley Ho, who opened the first Macau casino 51 years ago. A third casino will be operated by Japanese gaming magnate Kazuo Okada and a fourth by billionaires Andrew Tan, of the Philippines, and Lim Kok Thay, of Malaysia. Tan and Lim have operated a gaming complex near Manila’s international airport since 2009.
The Philippine casinos will add to the explosive growth of the Asian gaming business, led by Macau, which has expanded from one casino run by Stanley Ho in 1962 to more than 100 today. Bettors from China fueled a 14 percent revenue surge in Macau in 2012, to $38 billion -- six times the amount taken in by the Las Vegas Strip. Second after Macau is Singapore, whose two resorts pulled in $5.9 billion in 2012, according to data compiled by Bloomberg. Roulette wheels are also spinning in Australia, Cambodia, Malaysia and South Korea. Vietnam joined the parade in July, when it opened its first major casino resort.
After construction is finished, Solaire will have cost $1.2 billion -- $200 million of which is Razon’s own money, he says. In its first full quarter of operation, ended June 30, Solaire reported 3.6 billion Philippine pesos ($83 million) in revenue and net profit of 22.7 million pesos.
The 18,500-square-meter (200,000-square-foot) casino has 1,200 slot machines and 300 gaming tables. The first floor caters to local residents and tourists. The second level is designed for professional gamblers from China, South Korea and other Asian markets, with private rooms and views across Manila Bay.