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Billionaire Razon Plans Casino Amid Duterte’s Gambling Crackdown

  • Bloomberry plans $418m resort in northern part of metro Manila
  • Better relations with China luring visitors: Enrique Razon
Enrique Razon.

Enrique Razon.

Photographer: Veejay Villafranca/Bloomberg
Updated on

Philippine casino mogul Enrique Razon is pushing ahead with plans to build a 20 billion peso ($418 million) resort in Manila, undeterred by President Rodrigo Duterte’s crackdown on gambling.

The chairman and founder of Bloomberry Resorts Corp. said construction of the company’s second casino, in Quezon City in the northern part of metropolitan Manila, may start mid-next year and could be finished in 2019. Duterte’s campaign is focused on electronic gaming parlors that have been loosely regulated and could actually help companies like Bloomberry, Razon said in an interview in Manila on Friday.