Philippines casino celebrates first year

Forbes – The Philippines hopes to be the next big thing in Asian gaming, and its biggest step toward that goal just completed its first year of operation. Solaire Resort and Casino opened in March last year (see page 77; payment required), the first of four planned US$1 billion-plus integrated resorts (IRs) in Entertainment City on Manila Bay. Solaire’s parent company Bloomberry Resorts this month released its full year results for 2013, as did its current main rival, Resorts World Manila, where ownership also holds a license for an Entertainment City IR. But the results sow doubts about building more…