{"id":777017978,"date":"2024-08-08T09:48:11","date_gmt":"2024-08-08T12:48:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017978"},"modified":"2026-04-22T07:21:16","modified_gmt":"2026-04-22T10:21:16","slug":"3-casino-investors-top-forbes-philippines-50-richest-list","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/3-casino-investors-top-forbes-philippines-50-richest-list","title":{"rendered":"3 casino investors top Forbes Philippines\u2019 50 Richest list"},"content":{"rendered":"\n<p>The children of Henry Sy continue to top Forbes\u2019 Philippines\u2019 50 Richest list, followed by Enrique Razon and Manuel Villar Jr.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Forbes has released its\u00a0Philippines\u2019 50 Richest list\u00a0for this year. The children of Henry Sy, the tycoon who died in January 2019, continue to top the list although their fortune fell by US$1.4bn, to US$13bn. Their wealth is primarily derived from stakes in SM Investments Corp and SM Prime Holdings.<\/p>\n\n\n\n<p><strong>Enrique Razon<\/strong> takes the second spot. According to Forbes, he was the biggest dollar gainer for the second year in a row. His wealth rose to US$11.1bn, up US$3bn, making him the country\u2019s second-richest person for the first time. His company,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-wins-3-awards-at-financeasias-best-companies-poll-2024\" target=\"_blank\" rel=\"noreferrer noopener\">Bloomberry Resorts<\/a>, operates the Solaire Resort and Casino in Manila\u2019s Entertainment City. In third place is <strong>Manuel Villar<\/strong>, whose net worth increased by US$1.2bn to US$10.9bn.<\/p>\n\n\n\n<p><strong>Andrew Tan<\/strong>, the chairman of <strong>Alliance Global Group (AGI)<\/strong>, is ranked 13th on Forbes\u2019 list,\u00a0down two places from 2023, with an estimated US$1.8bn. AGI is the parent company of\u00a0<strong>Newport World Resorts<\/strong>. In 41st place is<strong> Dennis Uy<\/strong>, founder of Udenna Corp, a parent firm of\u00a0<strong>PH Resorts Group Holdings<\/strong>, with US$305m in wealth.\u00a0<\/p>\n\n\n\n<p>SM Investments\u00a0is planning to invest at least <a href=\"https:\/\/focusgn.com\/asia-pacific\/sm-investments-to-invest-us300m-in-new-casino-resort-in-the-philippines\" target=\"_blank\" rel=\"noreferrer noopener\">US$300m in a new casino resort in Clark<\/a>, Pampanga. A source told Reuters that Premium Leisure Corp (PLC), a subsidiary of SM Investments unit\u00a0<strong>Belle Corp.<\/strong>, has already applied for the necessary licences for the complex.<\/p>\n\n\n\n<p>In May, Bloomberry launched a new integrated resort (IR),<strong>\u00a0<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/solaire-north-ir-opens-in-quezon-city\" target=\"_blank\" rel=\"noreferrer noopener\">Solaire Resort North<\/a>, in Quezon City. The\u00a0US$1bn\u00a0development features 526 rooms and suites. The casino has 2,669 electronic gaming machines and 163 tables across four levels.\u00a0<\/p>\n\n\n\n<p>Villar has said last month that <a href=\"https:\/\/focusgn.com\/asia-pacific\/manuel-villar-jr-says-his-first-casino-in-the-philippines-could-open-next-year\" target=\"_blank\" rel=\"noreferrer noopener\">the first of his two planned IRs<\/a> with casinos could open next year. The US$1bn IR on the redeveloped 18,000-square-meter Vista Mall Global South on C5 Extension in Las Pi\u00f1as would be close to the Brittany Hotel Global South, formerly the Mella Hotel Manila, which is also owned by the Villar Group. Villar\u2019s second IR would be located in Villar City, a project that will span 3,500 hectares and 15 satellite cities in Metro Manila and Cavite, each with its distinct purpose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The children of Henry Sy continue to top Forbes\u2019 Philippines\u2019 50 Richest list, followed by Enrique Razon and Manuel Villar Jr.<\/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 reveals the continued dominance of families with significant stakes in integrated resorts and real estate. Enrique Razon (Bloomberry Resorts) saw substantial wealth growth, while major players like SM Investments and Manuel Villar Jr. are actively pursuing significant new casino resort developments and expansions across the Philippines.","focusai_entities":"Henry Sy, SM Investments Corp, SM Prime Holdings, Enrique Razon, Bloomberry Resorts, Solaire Resort and Casino, Manuel Villar Jr., Andrew Tan, Alliance Global Group (AGI), Newport World Resorts, Dennis Uy, Udenna Corp, PH Resorts Group Holdings, Premium Leisure Corp (PLC), Belle Corp., Villar Group, Forbes, Reuters, Solaire Resort North","focusai_location":"Philippines, Manila, Clark, Pampanga, Quezon City, Las Pi\u00f1as, Metro Manila, Cavite","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of New IRs","query":"What is the projected GGR and NGR impact of the newly launched Solaire Resort North and the planned SM Investments and Villar Group integrated resorts on the Philippine gaming market over the next 3-5 years?"},{"label":"Regulatory Landscape","query":"How might the increased concentration of wealth and new large-scale IR developments influence the regulatory compliance and licensing frameworks in the Philippines?"}],"footnotes":""},"categories":[157,16333],"tags":[15417],"class_list":["post-777017978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017978","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=777017978"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017978\/revisions"}],"predecessor-version":[{"id":777017994,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017978\/revisions\/777017994"}],"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=777017978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}