Good morning. Enrique Razon Jr. has finally claimed the top spot. The Bloomberry chairman leads Forbes Asia’s Philippines rich list for the first time, with a $21.8 billion fortune powered mainly by the sharp rise in shares of ports operator ICTSI. Gaming-linked wealth remains visible elsewhere on the list, from City of Dreams Manila and NUSTAR to Newport World Resorts and DigiPlus. In Macau, Wynn is also moving higher: stronger second-quarter earnings prompted CreditSights to upgrade its bond recommendation, although the operator’s expanding development budget is expected to weigh on free cash flow in 2027.
What you need to know
- Bloomberry’s Enrique Razon tops Forbes’ Philippines 50 Richest list for the first time, with his ports-driven fortune reaching $21.8 billion.
- CreditSights turns bullish on Wynn Macau bonds as stronger earnings improved leverage, despite a sharp rise in planned 2027 capital spending.
On the radar
- MGM China to spend $122M on interim dividend, payable on September 3rd.
- Iris makes Reef Casino Trust takeover unconditional after all approvals.
- Crane NXT second-quarter revenue up 22%, full-year outlook raised.
- Indonesia suspends aid for 1.49M households linked to online gambling.
AGB Intelligence
PHILIPPINES
Bloomberry’s Razon tops Forbes Asia’s 2026 Philippine rich list
Enrique Razon Jr. topped Forbes Asia’s Philippines rich list for the first time, becoming the country’s wealthiest person with a fortune of $21.8 billion. The Bloomberry chairman’s rise was driven largely by shares in ports operator International Container Terminal Services Inc. (ICTSI), which more than doubled. Other gaming-linked names included the Sy siblings, whose group has interests in City of Dreams Manila; Gokongwei family, linked to NUSTAR; Alliance Global chairman Andrew Tan, whose group owns Newport World Resorts operator Travellers International; and DigiPlus chairman Eusebio Tanco.
Industry Updates
- Konami Gaming spotlights casino tech and iGaming content at G2E 2026.
- Tech Race Summit secures Tesla and PandaDoc leaders for Warsaw event.
- SBC announces inaugural Global Prediction Markets Forum for Lisbon Summit.
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AGBrief Editorial
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