James Packer, an Australian gambling mogul, is rumoured to be considering investing in a multi-million gambling venture in Manila. The project, which would be co-funded by Lawrence Ho, would build a new casino in Manila. The Phillipines is expected to become the world's next big gambling hub.
With Macau becoming an increasingly popular gambling destination for avid players, it is expected that more and more casinos will begin popping up across Asian and the Phillipines. Packer wants to get in on the ground floor in order to mark his place in a new and burgeoning gambling industry. Being one of the first operators in a new gambling market is important, as investors will have a foothold on the industry.
Currently, there are only a few gambling destinations available in Manila, and Packer hopes to see many more built in the future. This would make Manila a world-class gambling destination that might even have the ability to compete with Macau. If the project is more than a rumour, it will certainly be exciting to see how the new Manila gambling destination grows and develops over the years.