New Las Vegas in Asia!

The Philippines government has agreed to provide the issuance of licenses to conduct gambling activities outside the borders of the nation's capital – Manila. However, there were set some conditions for future investors. The sum of investments in the construction of a gambling establishment should be more than $300 million. According to the authorities, this is the very level of investment, which is capable to cover the cost of an international-class casino.

"In our country there are regions that, according to popular beliefs, are very attractive for opening there elite gambling centres – casinos," - said the head of Amusement and Gaming Corp. K. Niguiat and continued: "Our union is always ready to grant a license for a new investor, who is ready to boost the economic indicator in a particular region. But our rules are developed to limit those businessmen, who are unable to carry out investments in the specified scale ($ 300 million)."

The plans for the nearest future in the industry of entertainment and gambling at this island nation are really ambitious. They are ready to compete with Asian sharks of the particular business sector, such as Singapore and China's Macau, which are currently experiencing a decline of profits due to the lower level of attendance. It’s worth noting the fact that it is now the underway on the construction of four gaming and entertainment establishments, one of which is called Entertainment City. The minimum investment in it is over the level of $1 billion. Another $2 billion investment in these four casino projects was made by Japanese billionaire Kazuo Okada. Okada hopes to erect for these money the most large-scale gambling centre in the Philippines in the style of extravaganza Las Vegas casinos. He believes to do this by the end of 2025. The opening is planned for December.

There is an opinion of experts, according to which the income of the island nation from the gaming industry by the 2025 will grow by more than 100% and up to $2.83 billion, but it would be possible if all the casinos are built and opened in the project timelines. By the way, the corporation Bloomberry Resorts Corp., which is owned by Philippine tycoon E. Rezon, was first to opened in here large entertainment and gambling establishment in 2025.

There also planned an opening on the islands of the Philippines in 2025, a joint project of the two billionaires (Malaysia Lim Kok Tay and Philippine Andrew Tan) called Casino Westside City Resorts.

According to the latest information of Philippine Amusement and Gaming Corp. the total income on gambling industry in the end of fiscal 2025 year was increased by 9% compared with the previous 2025 year.

The government is now planning that the gambling industry facilities will be located exactly at the Rizal resort (near the capital Manila) and in the north of the country, in the province of La Union. Still experts suggest a much greater possibility of expanding gambling geography of the island nation.