Philippines $1.2bn Solaire Manila Resorts Casino Opens On March 16th

Philippines $1.2bn Solaire Manila Resorts Casino Opens On March 16thThe Philippines‘ lucrative gaming industry has continued to grow over the past few years, and recently Credit Suisse  announced that by
2018 its gaming sector could even be bigger than that of Singapore, presently worth $5.6 billion.
Continuing its expansion program, the Philippines is gearing up this weekend to open its latest US$1.2 billion casino called the Solaire Manila Resorts Casino. The location of the Solaire is at the Entertainment City in Paranaque, a 100 hectare gaming complex that it is hoped will attract millions of Asian tourists and boost the country’s gaming industry.
Solaire is owned by Philippine billionaire Enrique Razon, and has 300 gaming tables and 1,200 slot machines. In addition, the  Solaire complex boasts seven restaurants, 500 hotel rooms, water pools and a multitude of features which will appeal to high-end gamblers. These ‘whales’ will be the main target for Solaire, which is planning to fly in high-rollers to the Philippines at the casino’s expense. Security will also be tight at Solaire, which has 100 security men on guard to ensure the safety of its wealthy gamblers.
Not surprisingly, Solaire has also attracted the attention of the world’s biggest junket operators, with an emphasis on the Chinese market which accounts for 30% of casino revenues worldwide. It has been estimated that Solaire could pull in $10 billion in revenue over the next four years, and talking about the new high-end casino which opens its doors for the first time on March 16, its American CEO Michael French, said:
“What Solaire brings is an entertainment and gaming experience that doesn’t exist in the Philippines today. It will be like going to Las Vegas. This raises the scale, the excitement and the glamour.”


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