{"id":8304,"date":"2022-08-18T00:00:00","date_gmt":"2022-08-18T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-investors-are-the-richest-ones-in-asia\/"},"modified":"2022-08-18T00:00:00","modified_gmt":"2022-08-18T00:00:00","slug":"casinos-investors-are-the-richest-ones-in-asia","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-investors-are-the-richest-ones-in-asia\/","title":{"rendered":"Casinos Investors are the richest ones in Asia(pictures)"},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Forbes has released its latest Philippines&rsquo; 50 Richest list 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.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/casinos-investors-are-the-richest-ones-in-asia1.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:small\">Sy Family<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Belle Corp, a gambling and real estate entity controlled by the Sy family, has recently reported that casino revenue was up 20.5 per cent year-on-year from PHP805.5m to 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.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/casinos-investors-are-the-richest-ones-in-asia2.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Enrique Razon (Pictured) remains at number three in the list, although his net worth is down slightly, to US$5.6bn. Razon chairs the casino operator Bloomberry Resorts Corporation, which operates the Solaire Resort and Casino in Entertainment City, Manila. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Bloomberry has recently reported that gross gambling 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.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A few weeks ago, Bloomberry held a formal topping-off ceremony at its Solaire North integrated resort in Vertis, Quezon City and confirmed plans for a Q4 2023 opening. In April, Enrique Razon Jr had said he expected to open the integrated resort in the second half of next year. The company is now specifying that the opening will be in the final quarter.<\/span><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/casinos-investors-are-the-richest-ones-in-asia3.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:small\">Andrew Tan<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Andrew Tan, the chairman of Alliance Global Inc, is ranked 10th on Forbes&rsquo; 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).<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/casinos-investors-are-the-richest-ones-in-asia4.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:small\">Dennis Uy<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In 24th position, up three spots from last year, is Dennis Uy, founder of Udenna Corp, a parent firm of PH Resorts Group Holdings. He has an estimated net worth of US$810bn. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In March, PH Resorts reported that its loss in the period ended March 31 widened to PHP109.1m (US$2m) from PHP80.9m (US$1.5m) in the previous quarter. It generated no revenue in Q1, owing to Covid-19 restrictions being in throughout Q1 2022.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The firm is currently developing the Emerald Bay integrated resort in Cebu, which is due to open its first phase in early 2023.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230;&nbsp;<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">| Respect to Photographers &amp; Influencers<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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","protected":false},"author":1,"featured_media":5685,"menu_order":324,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4193],"class_list":["post-8304","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-asian-richest-philippines-casino-owners-pictures-philippines-richest-casinos","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Casinos Investors are the richest ones in Asia(pictures) - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-investors-are-the-richest-ones-in-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casinos Investors are the richest ones in Asia(pictures) - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Henry Sy, the tycoon who died in January 2019, continue to top the list. 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