“ The provincial areas represent extraordinary untapped potential”
“ The provincial areas represent extraordinary untapped potential”
Jose Angel Sueiro, PH Resorts
Casino that opened in 2022. MegaWorld, which owns Newport World Resorts – the former Resorts World Manila – plans to break ground next year on its own Macatan IR. However, CLSA believes that GGR growth at NuStar will derive solely from online gaming, not landbased operations.
NEW, IMPROVED WINNING FORMULA
Solaire North highlights the revised winning formula for Philippine landbased casinos in a market flush with legalised online gaming: identify an underserved area and offer a superior product. Hann Resorts in Clark, a weekend retreat with an international airport 100 kilometres north of Metro Manila, has made this strategy work spectacularly as it expands relentlessly. Rather than buy COD Manila operations, Belle plans to build an IR in Clark.
“ The provincial areas represent extraordinary untapped potential,” PH Resorts COO Jose Angel Sueiro says.“ Unlike saturated Metro Manila, these provincial markets present lower competition in gaming and entertainment experiences, with significant demographic advantages.”
PH Resorts has been working to develop a beachfront casino resort in Macatan on Cebu, a 90-minute flight south from Manila. The Cebu City metropolitan area in the Visayas region is the Philippines’ second or third largest, depending on who’ s counting, with well over one million residents and a hub for business and tourism in the southern half of the archipelago.
Sueiro says a PH Macatan project would complement NuStar Resort and
CLOSER TO HOME
Bloomberry found an underserved area just 22 kilometres from its Entertainment City flagship. Solaire North represents a great leap forward for Quezon City, the largest Metro Manila municipality with three million residents that’ s a centre for entertainment and media.
The $ 1 billion property makes a spectacular opening statement to visitors with towering glass tube sculpture The Mangrove, which artist Nikolas Weinstein claims is the world’ s largest installation of its kind, rising 27 metres alongside escalators to the main casino floors.
Solaire North extends 38 storeys high and features 2,670 electronic gaming machines and 163 tables on four levels, 526 hotel guest rooms, 14 food and beverage outlets, a column-free dividable ballroom with banquet seating for 1,350, a swimming pool with kids park and a 1,400-square-metre wellness area including salon, spa, gym and even a
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