For 2017 the Macau market will continue to stabilize and grow, but the operators will have to work harder to get the players to come back. The future looks good with regards to the general mass player but the VIP’s will be careful in how, where and what they play.
I think the Philippines remains an intriguing story in 2017. President Duterte’s call to PAGCOR to privatize its casinos was a wise decision, although that decision was driven more by the President’s sense of morality rather than a purely business decision.
Philippines-listed Philweb Corp. has raised P 140 million (US$2.8 million) through the sale of its stake in Germany-based Acentic GmbH, according to the company’s filing to the Philippine Stock Exchange.
The service provider for e-games cafes in the Philippines will be selected in accordance with Republic Act (RA) No. 9184 or the Government Procurement Reform Act, said Pagcor chairman and CEO Andrea D. Domingo in a letter to Philweb dated December 12, 2016.