Inside Asian Gaming

IAG NOV 2020年11月亞博匯 64 2020 POWER 50 ENRIQUE RAZON JR CHAIRMAN AND CEO Bloomberry Resorts 主席兼行政總裁 Bloomberry Resorts CLAIMS TO FAME 名成事跡 7 POWER SCORE 權能指數: 1,770 POSITION LAST YEAR 去年排名: 11 Heads only Philippine company that solely controls an Entertainment City integrated resort Owns and operates Manila casino market leader Solaire Building a second casino hotel in Quezon City • • • • • • 執掌唯一一家在馬尼拉娛樂城營運綜合度假村的菲律賓企業 持有及營運馬尼拉博彩市場的龍頭項目晨麗度假城 正在菲律賓奎松市建造第二家綜合度假村 IT IS TESTIMONY TO Enrique Razon Jr’s business acumen that, at a time when many were eyeing a swift end to the COVID-19 pandemic, Razon himself was forecasting much darker days ahead. “This year, you can write it off,” he told Bloomberg TV as far back as April. “I think people are profoundly impacted by the virus and the lockdowns, having to focus just on buying food, spending their money. I think people will come out of this and the savings rate is going to dramatically increase, so I don’t think consumer spending is going to recover that quickly. “Lifting lockdowns in this environment is going to be very tricky. There has to be a plan, it’s not just one day to the next, so I think a lot of people are under-estimating what this is going to take.” Fast forward sevenmonths and Razon’s predictions have come true, with the Philippines still struggling to contain COVID-19 outbreaks and Manila’s integrated resorts, while open again, operating at just 30% capacity. Yet such foresight has served Razon well over the years. The man behind Bloomberry Resorts – owner and operator of Solaire Resort & Casino – has positioned his integrated resort as a clear market leader in Manila’s Entertainment City precinct, recording EBITDA of US$418 million in 2019 on growth from its 800 rooms, 360 tables and more than 1,600 machines.