Philippines

Philippine casino investor Belle Corp has joined a consortium developing a new international airport and seaport at Sangley Point, Cavite.

Philippines’ gaming operators stand to benefit from the Duterte administration’s closer ties with China, with more mainland Chinese tourists expected to travel to the Philippines to play.

Frontier Capital Group Ltd, the owner of Hotel Stotsenberg and Casablanca Casino in the Philippines has announced the resignation of its director and COO.

A bill that mandates casinos to report all suspicious transactions to the Anti-Money Laundering Council (AMLC), regardless of the amount, has been proposed in the Philippines’ House of Representatives.

Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry.

 

 

Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry. The Philippine Amusement and Gaming Corporation (PAGCOR) plans to issue its first batch of online gambling licenses by the end of October, one month after the regulator announced plans to license PAGCOR ‘offshore’ gambling operators (POGO).



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Philippine President Rodrigo Duterte has made a series of pronouncements since his inauguration in June that have shaken the established order in the Philippines, including rejecting long-term ally, the U.S., in favor of closer ties with China.

 

 

Philippine President Rodrigo Duterte has made a series of pronouncements since his inauguration in June that have shaken the established order in the Philippines, including rejecting long-term ally, the U.S., in favor of closer ties with China. The gaming sector hasn’t escaped his reach, with a crusade, since reversed, against online gaming companies and a call for The Philippine Amusement and Gaming Corp. (PAGCOR) to shed its casino assets and focus on its role as a regulator.



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State-owned gaming regulator Philippine Amusement and Gaming Corp (Pagcor) reported net income of P3.2 billion (US$66.2 million) for the nine months ended September 30, 2016.

Former Philippine Charity Sweepstakes Office (PCSO) chairman Erineo "Ayong" Maliksi and 10 others have been charged with graft and breach of ethical conduct in connection with a drop of lotto revenues from 2012 to 2015.

Former Philippine Amusement and Gaming Corporation (Pagcor) chairman Cristino Naguiat and nine other former officials are facing plunder and graft charges for allegedly entering into a fraudulent agreement for a “nonexistent” property last year.

China and the Philippines have signed an agreement to boost tourism-related travel between both countries and encourage investment in tourism.

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