More than three years after opening ultra-luxe nightclub Pangaea in Singapore's glitzy Marina Bay Sands, owner Michael Van Cleef Ault is now betting that Manila's casinos will be able to draw rich punters and partygoers through his doors.
The founder of some of the world's most popular luxury clubs launched two nightclubs in casino operator Melco Crown Entertainment's $1 billion-plus City of Dreams casino-resort, hoping to capitalise on rising wealth in the Philippines, which last year was the fastest growing Asian economy after China.
The increase in the number of wealthy Chinese gamblers fleeing Macau amid Beijing's intensifying crackdown on corruption is also likely to work in Manila's favour: VIPs are already frequenting casinos in locales such as Australia.
Macau, the world's biggest gambling hub, is due to post February gambling revenues on Monday, which analysts expect to fall by up to 55 percent versus 40 percent growth a year ago.
"We want to bring more people to Manila, make Manila more of a club destination, a destination for other things, for luxury, for clubbing and these integrated resorts will only add to that," Ault told Reuters at the newly opened Pangaea in Manila, with its animal skin and gold-dipped feather decor.