Philippine President Marcos Has High Hopes for Integrated Resorts
Philippine President Ferdinand Marcos recently highlighted the significant role of integrated resorts (IRs) in bolstering the Philippines' tourism sector. During the grand opening of the Solaire Resort North in Quezon City on May 25, he remarked on the potential of such establishments to attract international visitors and promote cultural exchange.
Philippine President Ferdinand Marcos appears in a speaking engagement. (Source: Getty Images)
LISTEN TO THIS ARTICLE:The President pointed out that the gaming industry, a critical component of these resorts, is not only a source of entertainment but also a substantial contributor to the nation's economic development. His comments reiterate previous analysts' comments that hint at the Philippines becoming a larger gaming hub as Macau's market faces new restrictions.
Related: Philippines to Replace Singapore as Second-Largest Casino Market: PAGCOR BossPresident Marcos emphasized the industry's impact on employment, noting that in 2019 alone, approximately 100,000 Filipinos found jobs in various roles within casino operations. These positions range from gaming floor staff to hotel management, indicating the diverse opportunities that the industry presents. The President's comments underscore the importance of the gaming sector in providing livelihoods and supporting the local economy.
In addition, he stressed how the tourism sector in the Philippines is seeing huge gains, which the IRs will help support. President Marcos explained that there were 5.45 million inbound tourists in 2023, a substantial increase from the 2.65 million a year earlier.
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Solaire Resort North Now Open
The Solaire Resort North, the second Bloomberry Resorts Corp property in the Manila area, is a testament to the growth and potential of the IR industry in the Philippines. With its 526 guest rooms and suites, the resort is designed to offer luxury and comfort to both local and international guests. The casino features 2,669 electronic gaming machines and 163 gaming tables, catering to a wide range of preferences.
Beyond gaming, the Solaire Resort North boasts a variety of non-gaming attractions that serve to enhance the guest experience. These include fine dining restaurants, retail outlets, and entertainment venues, all of which contribute to the resort's appeal as a comprehensive leisure destination. Such facilities not only enrich the tourism offerings of the Philippines but also create additional employment and business opportunities.
President Marcos' remarks at the Solaire Resort North's opening ceremony reflect his administration's recognition of the integrated resort model as a catalyst for tourism and economic growth. By supporting the development of such multifaceted establishments, the government aims to position the Philippines as a premier destination in the global tourism landscape. The integrated approach of combining gaming with various other attractions is seen as a strategic move to diversify the country's appeal and draw a broader spectrum of visitors.
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