Philippines

The attack on Resorts World Manila, a likely public smoking ban and a proposed casino entry fee are putting pressure on the Philippine gambling industry. It was the best-performing in Asia last year and tipped again for strong growth, but smoking bans have never been known to produce a positive effect on revenue, while the attack hits a country that has long struggled with the perception it is not safe. 

The attack on Resorts World Manila, a likely public smoking ban and a proposed casino entry fee are putting pressure on the Philippine gambling industry. It was the best-performing in Asia last year and tipped again for strong growth, but smoking bans have never been known to produce a positive effect on revenue, while the attack hits a country that has long struggled with the perception it is not safe. 



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Asia’s casinos are likely to face higher costs as they improve security in the wake of the attack on Resorts World Manila in June. The assault by lone gunman, Jessie Carlos, which resulted in the deaths of thirty eight people including the gunman, has placed casino security across the world in the spotlight. Regulators and authorities are almost universally making demands of operators to strengthen security and increase cooperation with law enforcement.

 

 

Asia’s casinos are likely to face higher costs as they improve security in the wake of the attack on Resorts World Manila in June.

 



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Traveller’s Hotel Group chairman David Chua Ming Huat is asking the government for permission to resume operations after its license was suspended following the casino attack at Resorts World Manila on June 2.

Securities and Exchange Commission chairperson Teresita Herbosa says the current P5 million (US$100,000) threshold for casinos should be lowered to cover more suspicious transactions.

City of Dreams Manila operator Melco Resorts and Entertainment (Philippines) Corp. says it has beefed up security following the June 2 casino attack at Resorts World Manila.

Gaming mogul Kazuo Okada has been ousted as the chairman of Tiger Resort, Leisure, and Entertainment Inc, as a result of an investigation over an alleged improper transfer of funds.

Philippines is set to emerge as the largest entertainment market in ASEAN - surpassing that of Singapore due to favorable policies and infrastructure development, says Morgan Stanley.

More than twenty years have passed since the term “millennial” was first coined, and while casino operators and gaming manufacturers have kept a close eye on the market, many have yet to nail down a successful product for this “connected” generation.

More than twenty years have passed since the term “millennial” was first coined, and while casino operators and gaming manufacturers have kept a close eye on the market, many have yet to nail down a successful product for this “connected” generation. The myth that millennials won't spend on real money games has now largely been discounted, but finding the right product at the right cost to appeal to this segment of the market is still a challenge.



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The Philippine Amusement and Gaming Corporation (Pagcor) has issued a tender for the development, management and operation of an intermediation platform for its POGO licenses, according to a document released from the gaming regulator.

Travellers International Hotel Group says it is planning to reopen the non-gaming areas of the Resorts World Manila complex on Thursday.

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