{"id":777008117,"date":"2023-08-11T07:36:43","date_gmt":"2023-08-11T10:36:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008117"},"modified":"2026-04-22T19:09:05","modified_gmt":"2026-04-22T22:09:05","slug":"casino-investors-retain-positions-in-forbes-philippines-50-richest-list","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/casino-investors-retain-positions-in-forbes-philippines-50-richest-list","title":{"rendered":"Casino investors retain positions in Forbes Philippines\u2019 50 Richest list"},"content":{"rendered":"\n<p>The children of Henry Sy continue to top Forbes&#8217; Philippines&#8217; 50 Richest list.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Forbes has released its\u00a0<strong>Philippines\u2019 50 Richest list\u00a0<\/strong>for this year. The children of Henry Sy, the tycoon who died in January 2019, continue to top the list. Their wealth is primarily derived from stakes in SM Investments Corp and SM Prime Holdings, with shares in the former having risen 19 per cent due to the rebound in consumer spending.<\/p>\n\n\n\n<p><strong>Enrique Razon<\/strong>\u00a0remains at number three on the list. His fortune rose US$2.5bn to US$8.1bn in the last year. His company,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-resorts-posts-net-income-of-us61m-for-q2\" target=\"_blank\">Bloomberry Resorts<\/a>, operates the Solaire Resort and Casino in Manila&#8217;s Entertainment City, which has recently posted a gross gaming revenue of PHP15.11bn (US$268m) for the second quarter. The company posted a net profit of PHP3.43bn (US$61m).<\/p>\n\n\n\n<p><strong>Andrew Tan<\/strong>, the chairman of Alliance Global Inc, is ranked 11th on Forbes\u2019 list,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/casino-investors-top-forbes-philippines-50-richest-list-2\" target=\"_blank\">down one place from 2022<\/a>. Alliance Global Inc is an investor in Travellers International Hotel Group Inc, operator of Resorts World Manila that has recently changed its name to&nbsp;<strong>Newport World Resorts (NWR)<\/strong>.<\/p>\n\n\n\n<p>In 31st place is Dennis Uy, founder of Udenna Corp, a parent firm of\u00a0<strong>PH Resorts Group Holdings<\/strong>, with US$440m in wealth.\u00a0<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-in-talks-with-investors-about-emerald-bay\" rel=\"noreferrer noopener\">PH Resorts in talks with investors about Emerald Bay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The children of Henry Sy continue to top Forbes&#8217; Philippines&#8217; 50 Richest list.<\/p>\n","protected":false},"author":176,"featured_media":19807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Forbes Philippines' 50 Richest list highlights key figures in the nation's capital markets and iGaming sector. The Sy children maintain the top position, while Enrique Razon's Bloomberry Resorts reported significant Q2 GGR and net profit, underscoring a rebound in consumer spending and gaming verticals. Andrew Tan and Dennis Uy also feature, with their respective holdings in integrated resort operations.","focusai_entities":"Henry Sy, SM Investments Corp, SM Prime Holdings, Enrique Razon, Bloomberry Resorts, Solaire Resort and Casino, Andrew Tan, Alliance Global Inc, Travellers International Hotel Group Inc, Resorts World Manila, Newport World Resorts, Dennis Uy, Udenna Corp, PH Resorts Group Holdings, Forbes","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Consumer Rebound?","query":"What is the projected long-term impact of the observed consumer spending rebound on the GGR and NGR trajectories for integrated resorts in Manila's Entertainment City?"},{"label":"M&A Outlook for PH Resorts?","query":"Given PH Resorts Group Holdings' ongoing investor talks, what are the strategic implications for its Emerald Bay project and the broader Philippine gaming M&A landscape?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777008117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008117"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008117\/revisions"}],"predecessor-version":[{"id":777008132,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008117\/revisions\/777008132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}