Enrique Razon Jr. says the Philippines will become the world's next gambling Mecca. But he faces challenges from Macau, several local rivals and the Philippines' history of poverty, natural disasters, kidnapping and terrorism.
The next casino battleground is taking shape in this unlikely locale, on a dusty strip overlooking a harbor with fiery sunsets. And in an industry dominated by international moguls, a local businessman who made his billions as a ports operator is betting he can win.
Enrique "Ricky" Razon Jr. says the Philippines will become the world's next gambling Mecca—a destination to rival Macau and the Las Vegas Strip.