- Casinos in Manila are seeing explosive growth this year.
- Revenue was up 24% Y/Y for the first six months of the year, according to data from the Philippine Amusement and Gaming Corp. CLSA says the strong run extended into July, estimating revenue growth of 25% for the month.
- A clampdown on e-gaming and solid traffic from Chinese high rollers are helping to boost results in the region.
- The Manila casino scene is dominated by City of Dreams Manila (owned by Melco Crown (MPEL)), Solaire Resorts & Casino (owned by Bloomberry Resorts (OTC:BBRRF)), and Resorts World Manila (owned in part by Genting Hong Kong (OTCPK:GTHKF)).
Strong revenue growth at Manila casinos
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