President Rodrigo Duterte has hinted that the Philippines might have lifted its declared pause on new casino projects, reported multiple local media outlets
Phil-Asian Gaming Expo（PAGE) is dedicated to building a trustworthy, fair and transparent platform, PAGE is a comprehensive event including trade show, launching, events. Through these activities we hope that PAGE can guide the industry to become a better, more self-confident and disciplined.
IEC, which owns the New World Manila Bay Hotel and Casino in Manila which it leases to PAGCOR for gaming operations, was purchased by businessman and high stakes poker player Stanley Choi in February 2017 and has since embarked on a mission to diversify its revenue streams.
After surpassing its P100-billion revenue mark in 2018, the Philippine Amusement and Gaming Corporation (Pagcor) once again made history when it formally remitted P16.17 billion cash dividends to the National Treasury on May 14.
Rodrigo Duterte has admitted he can no longer control gambling in the Southeast Asian nation and it looks like he will let individuals decide
The cross-border gambling ring was revealed in 2018 after a gambler told police in Anhui’s Susong County he lost approximately 700,000 yuan (US $102,578) from gaming on the website.
We have received word that online gambling site WeBet is shutting down it’s Manila office. Sources have informed us that the sportsbook and casino site laid off nearly all their staff and are winding down Manila operations quickly.
Offshore gambling originated during Joseph Estrada’s brief term as president, and now has surged since Rodrigo R. Duterte took power.
THE Philippine gaming industry will sustain its growth momentum despite uncertainty in the regulatory environment, according to Fitch Ratings.
The gambling industry in Southeast Asia has been on the rise in the past decade. Casinos are mushrooming throughout the region with at least three planned in Vietnam and two in the Philippines. Existing casinos in the region are also seeing steady growth in revenue.