The Duterte administration will be targeting illegal gambling in its campaign against crime and corruption, said Presidential Spokesperson Ernesto Abella on Tuesday.
“It’s part of the priorities of the President because his top priorities [are] drugs, crime, and corruption. It’s included,” said Abella after Archbishop Oscar Cruz urged President Rodrigo Duterte to pay attention to illegal gambling, local media reports.
Duterte has already expressed his disapproval of gambling in the past, vowing to realign the proceeds from the country’s gaming regulator to be used towards public health and education.
Earlier this month, Duterte vowed to put an end to online gambling in the country. Duterte said he will direct PAGCOR chief Andrea Domingo to rescind licenses that have been issued for online gambling “sometime” soon.
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.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Frederic Jean-Marie Winckler, executive vice president and chief creative and brand officer of Melco Resorts & Entertainment, talks with Michael Penn, executive editor of AGB Nippon, about the future of the luxury market in Macau and beyond. Among the topics addressed are the growing importance of digitization and the direction of luxury trends within the premium mass segment.
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.