Philippine casino gross gaming revenue will grow by as much as 4 percent this year as new roads in the country’s capital will make the island nation’s entertainment center more accessible.
In a note it recently issued, Manila-based COL Financial Group predicts that the collective GGR of Resorts World Manila, Solaire Resort and Casino, and City of Dreams Manila will grow by as much as PHP91 billion (US$1.8 billion) in 2017.
The three integrated resorts posted a total of PHP87.3 billion (US$1.77 billion) in GGR in 2016.
COL Financial’s optimism is spurred by the infrastructure projects in Manila, that the brokerage believe will help drive more foot traffic to the integrated casinos this year.