bullish

Manila Trip Report – An emerging Pacific Tiger (Part 2)

169 Views10 Jul 2024 18:39
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SUMMARY
  • In the vibrant Philippine gaming industry, we found one casino operator particularly poised to capitalize on the growth story.

  • With higher growth rates, less competition, and lower taxes than Macau, now may be an opportune moment for value investors looking to cash in on the gaming boom.

  • With a strategic focus on expansion, the operator opened another casino this year in Quezon City, which looks set to be a major driver of group revenues over the few years should it follow a similar growth trajectory to the group’s flagship property in Entertainment City.

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