MANILA (Reuters) – Philippines President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia’s fastest-growing gambling markets, the country’s gaming regulator said on Thursday.
The non nonsense Philippine leader ordered a moratorium on Jan. 11 “because he did not want the industry to be crowded”, Andrea Domingo, chairman of the Philippine Amusement and Gaming Corp (Pagcor), said in a text message.
Pagcor will no longer process applications for gaming licenses following the ban, Domingo said. Four applications for licenses, mostly by local businessmen, are pending with the gaming regulator.
The Philippines, which has one of Asia’s most freewheeling gambling industries, recorded 88 billion pesos ($1.71 billion) in gross gaming revenues in the first half of 2017, up 12 percent from a year ago, Pagcor data showed.
Growth was driven by warmer ties with China and increasing foreign visitors.
With gambling banned in many Asian countries, the Philippines has cashed in on growth of the sector, which has created tens of thousands of jobs and helps bring tourists to its malls, beaches and hotels.
Pagcor operates dozens of casinos in the Philippines, with 526 tables and 10,461 machines and there are nine huge private casino complexes offering 1,236 gaming tables and 7,767 electronic gaming machines, according to the latest available data.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
