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World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by Landov

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Enrique Razon

Enrique Razon, a casino and cargo terminal billionaire who doesn’t gamble and says he feels more comfortable operating a port crane than he does glad-handing a crowd of high-rollers, said he’d invest $100 million in Nigerian companies instead of stocks, Picasso paintings or Bitcoins.

The Filipino funneled $200 million of his own money into the Solaire Resort & Casino, a $1.2 billion gambling complex with 1,200 slot machines and 300 gaming tables that opened last March.

He said the biggest challenge facing the global economy is “liquidity,’’ and that central banks will not be able to keep interest rates at their low rates for the year.

Left: Enrique Razon in Manila on June 24, 2013.