The ban on lotto was subsequently lifted on the following Wednesday, however, the investigation into the other PCSO gaming activities have been ongoing since, including a “lifestyle” check on all board members of the PCSO, and former PCSO general manager Alexander Balutan.
“We will investigate everyone who holds money, held money, especially the board [of directors] from the time President Duterte assumed office,” said Greco Belgica, commissioner of the Presidential Anti-Corruption Commission on Thursday.
“We will and we have not spared anyone — be it friends of the President, friends of Senator Bong or my personal friends. We have arrests of that magnitude and stature,” he added.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
The local government has decided to extend tax incentives for the two casinos facing the economic challenges of the pandemic through the end of 2020. This two-month extension is estimated to reduce tax intake by about 7.3 million rubles (US$96,000).
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.