Philippine Billionaire Looks Past Manila for Casino Growth

Bloomberg – Philippine billionaire Enrique Razon wants to use his Manila casino venture as a springboard to expand overseas, replicating the strategy that made his family’s port company one of Southeast Asia’s largest operators. Razon, who parlayed a Manila port franchise his family obtained in 1988 into a company with operations in 18 other countries, is interested in markets with established rules for gaming licenses, such as Macau and parts of Latin America. “We just have to build the brand,” Razon said in an interview in Manila yesterday. He expects Macau’s government will allow new entrants into the world’s largest…