“I hate gambling. I do not want it. “There will be no casinos outside of what are existing. I am not granting anything.”
Since the beginning of his presidency just over two years ago, Philippine President Rodrigo Duterte has not minced words when talking about his disdain for gambling. It was only a couple of months ago, he lashed out at the casino sector anew with those stark words.
“Online gambling must stop,” were Duterte’s words during his very first cabinet meeting on June 30, 2016 as he vowed to destroy illegal online gambling and electronic gaming parlors that had previously been loosely regulated. Putting action to words, on February 2, 2017 he passed an executive order directing law enforcement agencies to step up the fight against illegal gambling.
In January, Duterte ordered state-owned casino regulator, the Philippine Amusement and Gaming Corp. (PAGCOR) to stop accepting new casino applications to prevent...
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.
Hyatt Hotels Corporation has announced the opening of the 1,600-room Grand Hyatt Jeju in South Korea, the largest Hyatt hotel in Asia Pacific. This hotel is part of the Jeju Dream Tower which opened on Friday.
Galaxy Entertainment Group told Macau News Agency that recent wage dispute involving workers employed at its Cotai expansion projects, originated from fee disputes between the workers and mainland employment agencies.
MGM Resorts has thrown its cards into the online gaming ring, with an attempt to buy U.K.-listed Entertain for GBP11.3 billion ($15.4 billion), which may reshape the group and reduce its focus on Asia in the longer term.
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.