“We think our Philippine venture is going to be a key contributor to our business,†he added.
“This is definitely a city where people love to enjoy and live life.â€
Mr. Ho said he was impressed by Solaire’s offerings during a visit Friday on the eve of its launch, adding the clustering of rivals in a single hub would help both draw more customers.
Mr. Ho expects gaming revenues in the Philippines to triple to $3-billion by 2015, from about $1-billion annually.
“If you project that and extrapolate it even further down the road, the Philippines in five, six years could be effectively the size of Las Vegas or Singapore,†he said, referring to the world’s other major gaming hubs.
As the only one among the planned or existing Manila casinos with a Macau connection, Mr. Ho said Belle Grande would draw more Chinese tourists to the Philippines.
“Ultimately, we do have one of the largest databases in terms of Chinese and also Asian visitors. … I think that’s going to be a significant contributor to our success,†he said.
Mr. Ho said he was not worried about potential fallout from a tense territorial dispute between China and the Philippines over islands and waters in the South China Sea.
“Hopefully these issues will resolve themselves in the near future,†he said.
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