Pagcor says no new licenses before 2016

Philippine market regulator, the Philippine Amusement and Gaming Corp (PAGCOR), says it’s unlikely to award new gaming licenses until current President Aquino steps down in mid-2016.
In an interview with The Inquirer newspaper, Pagcor chairman Cristino Naguiat Jr. said existing players also need time to develop their business in a still-untested market.
The four existing licenses were all granted under the previous administration with no new approvals under the current president.
“We only have one and half years left, so I think we should let the next administration decide,” Naguiat told the newspaper. “My personal feeling is we will not be issuing any new licenses until the end of the President’s term,” he said.
Naguiat said Pagcor is taking a long-term view in developing the 120-hectare Entertainment City hub.
U.S. casino company Caesars Entertainment recently expressed an interest in building a $1.5 billion integrated resort in the Philippines. According to local media reports, Caesars is interested in a site next to Terminal 2 of the Ninoy Aquino International Airport in Manila.