CLAIMS TO FAME
- Controls long-time Philippines market leader Solaire
- Opened second Manila IR in Quezon City in 2024
The Philippines’ second richest man continues to dominate the nation’s ports, although his grip on the local gaming scene has slipped ever so slightly amid rising domestic competition and various headwinds that continue to impact the industry as a whole.
Despite his casino firm Bloomberry Resorts Corp opening its second Solaire-branded integrated resort in Manila’s Quezon City last year, the company fell to a rare loss in the June quarter as ongoing weakness in the VIP and premium mass segments weighed heavily. A sharp decline in visitation to the Philippines from its key markets of South Korea and China has hit all operators, and Bloomberry is no exception.
The company also stumbled into a case of unfortunate timing in launching its new domestic online gaming platform MegaFUNalo! earlier this year – just weeks before the whole eGames sector came under political scrutiny.
Despite these setbacks, Bloomberry remains Manila’s market leader and Solaire Resort Entertainment City the benchmark against which rivals universally compare themselves – a testimony to Razon’s eye for quality and innovation.
He was, after all, the first of the Philippines operators to launch a second IR and has plans for a third in Cavite, although it is likely that project will remain on hold until conditions improve.
For the full list of 2025 Asian Gaming Power 50 winners, click here.
