Casino-related entrepreneurs take two of the top three spots in the list of the wealthiest people in the Philippines, while another name makes the top 10.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Forbes has released its latest\u00a0Philippines\u2019 50 Richest list\u00a0<\/strong>with two casino entrepreneurs on the podium and a third in the top 10. The six children of Henry Sy, the tycoon who died in January 2019, continue to top the list. However, their combined net worth fell by US$4bn to US$12.6bn, the biggest drop in dollar terms.<\/p>\n\n\n\n Belle Corp<\/a>, a gaming and real estate entity controlled by the Sy family, has recently reported that casino revenue was up 20.5 per cent year-on-year\u00a0from PHP805.5m<\/a>\u00a0to PHP970.6m (US$17.5m) in the first half of the year. The company reported revenue of PHP2.82bn, up 60.7 per cent when compared to the first half of 2021.<\/p>\n\n\n\n Enrique Razon<\/strong>\u00a0remains at number three in the list, although his net worth is down slightly, to US$5.6bn. Razon chairs the casino operator\u00a0<\/strong>Bloomberry Resorts Corporation, which operates the Solaire Resort and Casino in Entertainment City, Manila.\u00a0<\/p>\n\n\n\n Bloomberry<\/a> has recently reported that gross gaming revenue for Q2 was up 131 per cent year-on-year from PHP5.7bn to PHP13.1bn (US$235m). The figure was also up 47 per cent quarter-on-quarter.<\/p>\n\n\n\n A few weeks ago, Bloomberry held a formal topping-off ceremony at its Solaire North integrated resort<\/strong> in Vertis, Quezon City and confirmed plans for a Q4 2023 opening. In April, Enrique Razon Jr <\/strong>had said he expected to open the integrated resort<\/a> in the second half of next year. The company is now specifying that the opening will be in the final quarter.<\/p>\n\n\n\n Andrew Tan, the chairman of Alliance Global Inc, is ranked 10th on Forbes’ list, down two places from 2021. He has an estimated net worth of US$2.4bn. Alliance Global Inc is an investor in Travellers International Hotel Group Inc, operator of Resorts World Manila that has recently changed its name to Newport World Resorts (NWR)<\/strong>.<\/p>\n\n\n\n In 24th position, up three spots from last year, is Dennis Uy, founder of Udenna Corp, a parent firm of\u00a0PH Resorts Group Holdings<\/strong>. He has an estimated net worth of US$810bn.\u00a0<\/p>\n\n\n\n