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Bloomberg

Billionaire Razon Enters Philippines' Booming Online Gambling

Tycoon Enrique Razon's Bloomberry Resorts Corp. launched its online casino platform in the Philippines' booming internet gambling sector, taking aim at market leader DigiPlus Interactive Corp. Revenue from electronic games overtook those from large brick-and-mortar casinos for the first time in the Philippines last year, marking a shift in Asia's second-largest gambling hub, according to the nation's gaming agency.